Deephaven Mortgage’s Equity Advantage HELOC is a standalone Home Equity Line of Credit mortgage loan product that allows borrowers to tap into their home equity without giving up their existing low-interest rate mortgage.

Our HELOC is a fixed-rate line with a set term and is fully disbursed at funding which means borrowers receive the full amount of their line of credit upfront. It also includes the option for additional time.

Offering our HELOC product to your offerings allows another financial solution to help borrowers to tap into their equity!

• Loan amounts from $25,000 up to $400,000
• DTI 50%
• Maximum CLTV 85% for primary
• Maximum CLTV 70% for secondary
• Owner-occupied, second homes and investment properties
• Full doc, bank statements, and assets allowed for income verification
• SFR, townhomes, condos, second homes and investment properties
• Open-ended loan with a term of 5, 10, 15 or 30-years
• Available on 1st and 2nd liens
• 100% drawn at time of origination with a 100% draw feature
  
  

*Owner-occupied only for the state of Texas

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