HELOC Brokers
Home Equity Line of Credit (HELOC)
A dynamic instrument that harnesses the equity nestled within a borrower’s home, offering a fluid reservoir of funds. Homeowners can draw funds from the HELOC as needed, up to the approved limit, and repay the borrowed amount over time with interest.
Credit Score
Credit score minimum requirement varies per Investor, but are typically 600 or greater. For credit scores less than 600, e-mail loanscenarios@renewlending.com for review/guidance to establish if an eligible program is available.
Property Type Eligibility:
SFR, PUD, Condo, Manufactured, & *Commercial Mixed Use/Business Use
* Mixed Use (N/O/O DSCR programs Only)
SpringEQ
Loan Program PageAccount Executive: Dori Boxberger
Phone: 480.215.5604
Email: dboxberger@springeq.com
Loan Programs: HELOC; 2nd Mortgage
RocketPro TPO
Loan Program PageAccount Executive: Ahmed Masoud/Ali Ahmad
Phone: 313.645.0299/313.751.9681
Email: AhmedMasoud@rocketmortgage.com/ AliAhmad@rocketmortgage.com
Loan Programs: DPA Programs (Boost DPA); Bank Statement; HELOC
Quorum
Loan Program PageAccount Executive: Eli Shereshovech/Lorena Petraglia
Phone: 847.489.5626/914.316.7945
Email: eli.shereshovech@quorumfcu.org/ lorena.petraglia@quorumfcu.org
Loan Programs: Bridge Loans – 1st HELOC; 2nd mortgage – Piggyback
