HELOC Loans
A Home Equity Line of Credit (HELOC) is a flexible financing option that allows homeowners to borrow against the equity they’ve built in their home. Equity is the difference between your home’s current market value and the amount you still owe on your mortgage.
Unlike a traditional loan that provides a lump sum, a HELOC works more like a credit card. You’re approved for a maximum credit limit and can draw funds as needed during a set period of time.
HELOC Offerings
Many years of experience working with HELOC products allows us to offer some of the most unique options on the market.
Available for Primary Residences, Second Homes, and Investment Properties.
Up to 90% LTV on Primary Residences
Up to 80% CLTV on Secondary Homes and Investment Properties
Credit scores as low as 640
Debt to income ratios as high as 50%
What does the American Dream look like to you?
A HELOC with RoBUS Mortgage is a powerful financial tool that can turn your property into new possibilities. Your home’s equity is more than value, it’s a flexible way to fund what matters most. On your terms, when you need it.
How do HELOCs work?
A HELOC typically has two phases:
Draw Period (usually 3–10 years):
During this time, you can borrow from your credit line as needed. Many borrowers make interest-only payments, though principal payments may also be allowed.
Repayment Period (usually 10–20 years):
Once the draw period ends, you can no longer access funds and begin repaying both principal and interest.
Is a HELOC right for you?
A HELOC can be a smart financial tool for homeowners who need ongoing access to funds and have a solid repayment plan. It’s especially useful for projects with uncertain or ongoing costs, like home improvements.
HELOCs with RoBUS Mortgage
- Full Doc, Bank Statements, P&L Only, DSCR, 1099, and WVOE allowed
- Available for Primary, Second Homes, and Investment Properties
- Up to 90% LTV
- Minimum 640 FICO
- Up to 80% CLTV on Investment and Second Homes
- No reserves required
- Non-Permanent Residents allowed
- Business Entity Vesting permitted
- Minimum Loan Amount $25,000
- Maximum 50% DTI for FICOs of 680+ and 45% for FICOs 640-679
- Debt consolidation is permitted to reduce DTI
- 1-4 Unit properties eligible (SFR, Condo or PUD)
About RoBUS Mortgage
RoBUS Mortgage (NMLS # 1687346 is a direct lender and full service brokerage. We can handle all types of residential loans: conventional, VA, FHA, and just about any loan that may be turned down by a bank or a bigger lender if it doesn’t meet their guidelines. RoBUS Mortgage also can provide private capital or hard money loans to 100% of value that can fund fast, and commercial loans for conventional scenarios and portfolio situations that the bigger banks and lenders cannot or will not do.
Restrictions may apply. Not all who apply will qualify. Program qualifications & offerings are subject to change at any time. EqualHousing Lender. RoBUS Mortgage is licensed in AZ, UT, CO, CA, GA, OR, WA, ID, MT, TX, VA, WY, & FL.
Information contained in this this Blog does not constitute legal, finance, or other professional advice or services and should not be used as a substitute for professional advice. The purpose of the Blog is to provide RoBUS Mortgage’s LLC’s opinions and general guidance on certain matters related to mortgages. The reader accepts full responsibility for use of the information contained herein.
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