This is a 2 nd mortgage on your home. These programs require generally good credit, however the interest rate is tiered to allow for less than perfect credit. We rely on your stated value of the home. The term of the loan can be up to 25 years.
Loan amounts are also more limited.
In 1999, this program is considerably more restrictive than the previously published guidelines. This program is underwritten according to a matrix which considers the loan amount, your credit and the loan amount Some rates will be less than others depending on the risk involved. Data displayed on these pages does not constitute an offer to lend or loan approval. All rates and programs subject to change at any time.