🏠 Equity Access HELOC

✅ Overview

  • The Equity Access HELOC is a flexible, standalone line of credit that allows you to tap into your home’s equity — without touching your first mortgage. With fast digital approval, funding in as little as 5 days, and up to 80% CLTV, this loan is ideal for homeowners, second home owners, and even investors.

👤 Who It’s For

  • Homeowners with at least 20% equity

  • Primary, second home, or investment property owners

  • Borrowers with credit scores 640+

  • Self-employed or wage earners

  • Those who want cash-out without a full refinance

📋 Minimum Requirements


Requirement Detail Loan Amount$25,000 – $400,000

Credit Score (Min) 640 Max CLTV Up to 80% (varies by credit score & property type)

Max DTI50% (FICO 680+), 45% (FICO 640–679)

Property Types1–4 units, condos, PUDs, Occupancy

Primary, second home, investment Lien

Position First or second lien

Initial Draw75% minimum required at closing

Term: 5-year interest-only draw + 25-year amortization (10-year amort. in TN)

Prepayment Penalty None

Minimum Credit Score for a HELOC is 640

✅ Benefits


  • Available in all 50 states + DC

  • Fast digital income and ID verification

  • Debt consolidation allowed

  • Full redraw options available

  • No prepayment penalty

  • Use for renovations, investments, reserves, or liquidity

⚠️ Limitations

  • Property must not have been listed for sale in past 60 days

  • No co-ops, condotels, manufactured homes, log homes, or rural-zoned

  • Texas-specific rules (cooling-off period, max fees, acreage)

  • BPO required if AVM fails or for TX CLTV >70%

  • HELOCs over $250K require full title insurance

📝 Required Documents

  • Government-issued ID

  • Proof of income (via link or upload)

  • Verification of assets or linked bank accounts

  • Homeowners insurance

  • Legal vesting info (title or trust if applicable)

❓ FAQs


Q: Can I use this HELOC on an investment property?

Yes — with credit score ≥680 and max CLTV of 70%. 640 with Owner Occupied.



Q: Can I redraw funds after paying some off?

Yes — redraws are available with a new AVM and $500+ minimum.



Q: Is this HELOC fixed or variable?

The rate is variable —Prime + margin , determined weekly.



Q: What’s the max CLTV I can qualify for?

Depends on FICO and occupancy. See below:

Q: How does a HELOC work?
A HELOC allows you to borrow $25K–$400K with a minimum FICO score of 640, up to 89.99% CLTV, in 2nd or 3rd lien position, with variable rates, there are no fixed rates.



FICO Range Owner-Occ | 2nd | Home Investment

760+ 80% 75% 70%

720–739 80% 70% 70%

680–699 75% 65% —

640–659 65% 60% —

Don't worry, we can help!

# WHAT'S YOU EXPECT

Find the Right Loan Program for Your Goals

Whether you’re a first-time buyer, investor, or self-employed, we offer flexible solutions to match your needs and lifestyle.

FHA Home Loan

Low down payment, flexible credit requirements. Ideal for first-time homebuyers.

Commercial Property Loan

Financing for office buildings, retail spaces, multi-units, and warehouses. Flexible terms for business owners and investors.

Fix & Flip Loan

Short-term financing for investors renovating and reselling properties. Fast approvals, asset-based.

Foreign National Loan

Designed for non-U.S. residents buying U.S. property. No U.S. credit or income required.

Bank Statement Loan

Qualify using 12–24 months of deposits — perfect for self-employed borrowers.

DSCR Loan for Investors

Use rental income to qualify. No tax returns or W-2s required.

VA Loan (Veterans)

Zero down payment options for qualified veterans and active military.

# ABOUT US

Trusted Mortgage Expertise. Personalized Service.

GDM Mortgage Corp is built on the belief that getting a mortgage should be simple, honest, and tailored to you. Led by Heriberto Santiago, we’ve helped families and investors across Florida close loans with confidence — even in complex scenarios.

Heriberto Santiago NMLS #1274038

Bilingual service (English & Spanish)

25+ years of mortgage experience

# CHOOSE YOUR SERVICE

Popular Home Loan Options

Conventional Loan

Ideal for buyers with strong credit and income. Great rates and flexible terms.

Minimum 620 credit score

Standard W2 and income docs

Great for purchases & refinances

HELOC – Access Your Equity

Use your home’s equity for renovations, debt consolidation, or large purchases.

Borrow only what you need

Revolving credit line

Lower monthly payments

FHA Loan (Low Down Payment)

Backed by HUD, FHA loans offer low down payments and flexible credit guidelines.

Credit scores from 580+

3.5% minimum down

First-time buyer friendly

VA Loan

For eligible veterans, active-duty service members, and surviving spouses. No down payment, no PMI, and flexible credit guidelines.

No down payment required

No private mortgage insurance (PMI)

Perfect for purchase or streamline refinance (IRRRL)

USDA Loan

Designed for rural and suburban buyers with low-to-moderate income. 100% financing with reduced mortgage insurance.

Zero down payment available

Lower monthly mortgage insurance

Must meet income & location eligibility

Common FAQs

What credit score do I need to qualify?

Most loans require 580–620. We offer flexible options for lower scores too.

Can I apply if I'm self-employed?

Yes — our bank statement and non-QM programs are built for self-employed borrowers.

How fast can I get pre-approved?

In most cases, same day — with our AI pre-screening and team support.

How much do I need for a down payment?

As low as 3.0%-3.5% with Conv Home Ready, FHA. VA and USDA may allow zero down.

Have any more questions?

Meet Vanessa –

Your Mortgage AI Assistant

Hey, I'm Vanessa!

I’m here 24/7 to answer your mortgage questions, guide you through pre-qualification, and help you get matched with the right loan program — fast.

Whether you're a first-time buyer, investor, or self-employed, I’ll ask a few smart questions and connect you with what fits best.

Instantly answers questions for loan types like FHA, DSCR, Bank Statement & more.

Get Pre-screened 24/7

Connect with your loan advisor

YOUR LOAN ADVISOR

HERIBERTO SANTIAGO

Principal Loan Officer, Advisor, Consultant

NMLS # 1274038

Testimonials

People Love Us


"Heriberto and his team made buying a house such an easy process with no issues at all. I can honestly say this was a scary experience as a first-time buyer but with the guidance and knowledge Heriberto displayed I couldn't express how much satisfaction I have with the outcome; from start to finish it was a great experience. Highly recommended, friendly, courteous, knowledgeable and actually listens to what you want."

– J. Delgado


"100% recommended. In the month of May we began to talk with several agents and brokers, it was a very bad experience since they all tell you yes and when they see that they can spend a little work they forget about you and even stop calling you to the point that in the month July I regretted it and decided to end the process and wait for next year. In the month of August, speaking with a friend, he referred to Heriberto Santiago and GDM, it was totally different, from the first moment we began to talk, he offered me many alternatives. The most surprising thing is that the next day he called me with a work plan and willing to start the process, which none of the previous ones did. Communication with him and his team was excellent. They actually fight for the client, they fought for my loan and in 3 months I was able to buy and close on my house. GDM are actually the best, professionalism, human quality and excellent service. Thank you Heriberto, I and my family thank you for having our home today."

– O. Alvarez

Office: 3801 E Avalon Park Blvd, Suite 200, Orlando, FL 32828

Call 321.492.0292

FOLLOW US

COMPANY

CUSTOMER CARE

LEGAL

Copyright 2025. GDM Mortgage Corp.. All Rights Reserved.