CMLS Home Line Now With Uninsured First Mortgages

The CMLS Home Line is Now Offering

Uninsured First Mortgages!

For over a year, the CMLS Home Line has been the flagship offering in our robust product lineup. We've made several key enhancements since our initial launch. First, we expanded the combination HELOC product nationwide. Second, we enhanced the Home Line to include a stand-alone HELOC. And now, we are thrilled to announce the addition of an uninsured combination product.

Uninsured HELOC Details:

• Product must have both a CMLS Home Line first mortgage and line of credit portion, with separate mortgage applications for both.
• First mortgage can be insured, insurable, or uninsured.
• Maximum amortization of 30 years.
• HELOC limit, maximum 50% of the appraised value.
• HELOC minimum payment is interest only.
• HELOC payment is qualified at the approved limit amortized over 25 years at the greater of current benchmark rate or contract rate plus 2%.
• Maximum combined LTV is 80%, property values over $1M subject to sliding scale.
• Available on Purchase, Transfer, or Refinance.
• Beacon score - minimum 680 for all borrowers.
• Appraisal required (partnership appraisal rebates available).

For full details on the Uninsured HELOC offering and Partnership Benefits please contact your Regional Manager.