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Criterias sample 1 Product 2 Product 3
Summary (mandatory)
Target Borrowers (Mandatory)
Products HELOC Piggyback with HELOC 2nd
MAX Loan Amount $500,000 $500,000
Min FICO 700  up to 85% CLTV 740 up to 90% CLTV 700 up to 85% CLTV 740 up to 90% CLTV
Max LTV 90% CLTV 90% CLTV
Cash Out $500,000 max $500,000 max
Housing History 0X30 in past 24 months DU/LP
Bankruptcy 4 years DU/LP
Income Doc Full Doc, W2 income only Full Doc, W2 income only
Business Ownership Requirements NA DU/LP
Non- Warrantable Condo Yes DU/LP
Calculating Monthly Income W2 calculation DU/LP
Marketing Tips: cash out, consolidation Purchase, Refi, Spilt to avoid Jumbo
Operational Tips: Dori will help from start to finish Dori will help from start to finish

Spring EQ:

Dori Boxberger
Direct: 480-215-5604
dboxberger@springeq.com

Matrix: HELOC matrix

Underwriting Guidelines

Rate Sheet: HELOC rate sheet

Training

Whole sale rates

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