for Alabama, Missouri, Mississippi, North Carolina and Tennessee Mortgage
Spacer | Home | Specialty Programs: Stated Income No Ratio Loan No Income Verification No Doc Mortgage
Careers for Professional Mortgage Originators
Happy Alabama Mortgage Customer Mississippi Mortgage Customers Child Playing at New Home. This Tennessee Home Needs a Home Buyer with an Approved Mortgage!
Home Buyers Refinance Jumbo Mortgages Home Equity Book Mark Our Site! Spacer

Quick Mortgage Application

Print This Page

Home Equity Loan

A Home Equity Loan is designed for borrowers to utilize existing property equity for whatever purpose they choose. Home equity loans can also be used as Second Mortgages for the purchase of a property.

The difference between a Home Equity Line of Credit and Home Equity Loan is very simple. An equity loan is a lump sum one time funding with principal and interest installment payments over a set period. An Equity Line is a line of credit is similar to a credit card secured by your home in St. Louis, MO or other communities we serve.

A home equity loan is also one type of Second Mortgage.

Standard qualifying includes:

A Minimum FICO Score of 640

Maximum Debt Ratio 45%

A Maximum CLTV of 125%

DU/LP Approval

Full Documentation, Light Doc and No Income Verification Loan Products Are Available

We also offer Bad Credit 2nd Mortgage programs for the credit challenged home owner. No matter what home equity loan program you need, give us a call today or complete our Quick Apply application! We have hundreds of mortgage programs and look forward to the opportunity to provide you with the perfect home equity loan for your situation in Memphis, TN and beyond.

Home Equity Line of Credit (HELOC)

Back to Menu

A Home Equity line of credit allows borrowers to utilize much of the existing equity in their home for whatever purpose they like. Whether it's wanting to have funds available in case of emergency, building a new pool, Debt Consolidation, or just taking a nice long vacation to Raleigh, NC, you can put your home equity to work today!

The unfortunate fact is, when we need liquidity the most, is when we have the least chance of getting it. It's a cliché in the lending business that that worst time to apply for a loan is when you really need one. Don't WAIT for a life event to attempt to access the equity in your home, apply now and have those funds ready to use in the event you need them! It's a solution lending pros have put to work for homeowners in Columbus, MS and in the other cities where we originate loans.

Standard qualifying includes:

A Minimum FICO Score of 640

Maximum Debt Ratio 45%

A Maximum CLTV of 125%

DU/LP Approval

Full Documentation, Light Doc and Stated Income Loan Products Are Available.

With outstanding Home Equity line of credit options, is the place to call today or just use our fast and easy Quick Apply application for fast results!

Home Equity Documentation

Back to Menu

  • Copy of Social Security Card
  • Copy of Drivers License
  • 90 Days Banks Statements, all Accounts, all Pages
  • 30 Days Pay Stubs
  • 2003 & 2004 W-2'S
  • Last Quarterly Statement for Investment Accounts/401K
  • Signed Letter of Credit Explanation (IF DEROGATORY)
  • Copy of Bankruptcy Papers, all Pages and Discharge
  • Personal Tax Returns, All Schedules (Self Employed Only)
  • Business Tax Returns (Self Employed Only)
  • Copy of Business License (Self Employed Only)
  • Year to Date P & L statement - Signed (Self Employed Only)
  • 12 Months Consecutive Canceled Checks & Current
  • Notarized Payoff if Privately Held Mortgage
  • Copy of Note for Current Mortgage
  • Copy of Deed for Property
  • Child Support Order (for those using child support to qualify)
  • Benefit Award Letter (For those using a Retirement or Disability income to qualify)

Fast Application

Click to verify BBB accreditation and to see a BBB report

FHA Loan Program

Todays Market Trends

128 Bit Secured

Fixed Rate Loans | 106% Financing | 103% Financing | 100% Financing | 80/20 Piggie Backs
97% Financing | Construction Loans | Lot Loans | First Time Buyers | Down Payment Help
Fixed Vs. ARMS | Real Estate Agents | 1/1 ARM | 3/1 ARM | 5/1 ARM | 7/1 ARM | 10/1 ARM
Option ARM Program | Cash Out Refi | Debt Consolidation | HELOC's | Fixed Vs. ARM
Real Estate Agents | Closing Costs | Investor Purchase Money | 100% Investor Financing
Investor Refinancing | NOO NIV | NOO No Ratio | 95% NOO No DOC | Bad Credit Home Buyers
Bad Credit Refi | Bad Credit 2nd Mortgage | Hard Money Loan | Fixed Rate Refinancing
Privacy Policy | Terms of Use | Resource Partners | Sitemap

Quick Application

© Copyright 2006 - 2009

Florida - CL0702570 | Alabama - HUD Exempt | Missouri - HUD Exempt | Tennessee - #1004
Mississippi - #241/2008 | Louisiana - RML 995-0 | Georgia - #18150
North Carolina - #L-117694 | Texas - #44649 | Virginia - #MLB1063 | Oklahoma - HUD Exempt

NetworkFunding, LP

Custom Web Design

Earn Extra Income with Loan ProductsRefer Your Home Buyers and Home Owners to and Make extra Money!