Get A HELOC After Closing & Recoup Some Funds!

We are now offering Home Equity Lines of Credit (HELOC) that can be taken out after the closing where you plan to close with 20% down and wan to recoup that 10% back.


$350,000 Sales Price

80% LTV Loan Amount $280,000

After closing you have up to 90 days to offer and close a Stand Alone HELOC.

Offer.   Why would you want to do this you ask?

With putting 20% down on purchase you eliminate MI payment and get a better rate on first because you don’t get hit them with CLTV adjustments.  Sneaky?  No.  Creative and showing you that we have your best interest at heart.

We can use that first mortgage appraisal you ordered for your first assuming it is dated within 120 days.  We will need to just order a jr title insurance policy.  We are closing these loans within 2-3 weeks.  The Fee same as piggyback $295.

Inventory is tight in Florida right now.  Contracts are being signed at full offers and more.  Don’t risk losing the win.  Close them quicker on first with 20% down and provide full service with the “after the fact” HELOC giving them their equity back right away for home improvements, updated appliances, vacation, kids college…you  name it.