cancel
Showing results for 
Search instead for 
Did you mean: 

Heloc with 660 Score

tag
oztrek
New Member

Heloc with 660 Score

Hi Anyone knows a Heloc which will provide 85+ LTV loan for 660ish Equifax Fico 5 score?

 

3 REPLIES 3
arealswellgirl
Valued Member

Re: Heloc with 660 Score

What state are you in? I went with Wesbanco, they serve a smaller territory in the Midwest (I think it's OH, WV, VA, TN, PA, IN ?). For a 660, they'll only go to 80% cltv. However, they did pull Experian 8 non-mortgage score, maybe your EX is higher?

 

Figure.com will also do 660, but it's the absolute cutoff for an 85% cltv. I believe they pulled my Experian 9 non-mortgage score. The loan must be a first or second lien position.

 

Both of them do not have origination costs and I'd highly recommend either.

 

Also fwiw, I got about 6 quotes and none used a mortgage score for a heloc. Thought that was weird.

 

Edit: Thought it might be helpful to post my data for Wesbanco:

Mortgage Balance: $259,600

Wesbanco desktop Appraisal (no in person appraisal needed): $434,000

EX 9: 686

CLTV Max: 90%

Approved for their Flexline HELOC: $131,000 interest only payments for 15 years, repayment phase after that for 10 more years.

Rate: prime + 2% (6% at approval, but is now 6.75% with the prime increase. But I get a .25% discount for making payments with a Wesbanco Checking account, so it's at 6.5%)

Intro rate: .99% for 90 days

BK 7 discharged 6.5 years ago

Message 2 of 4
oztrek
New Member

Re: Heloc with 660 Score

I am in NJ

 

 

Do you know any other bank

Message 3 of 4
iluvnola
Valued Member

Re: Heloc with 660 Score

Try US Bank… however with a 660 they will only do 80%.
Personal

Business



Scores:10/01/17 FICO 8 EQ 629 TU 626 EX 634
Scores:08/01/18 FICO 8 EQ 678 TU 731 EX 695

Scores:09/01/19 FICO 8 EQ 720 TU 730 EX 695

Scores:09/01/21 FICO 8 EQ 762 TU 767 EX 757
Goal Scores: 760+ ATB FICO 8



Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.