Black Diamond HELOC

Stack the equity, skip the refi

The Encore
The Reprise
  • Loan amounts up to $500,00
  • Owner-occupied, second homes, and investment properties
  • Full doc option available
  • Minimum initial draw 80%
  • Interest-only payments during draw period
  • No restrictions on how funds can be used
  • Loan terms:

The loan program provides for a 5 year Draw Period, a 10 year Interest Only Period, and a 20 year Maturity Period. The final 10 years of the HELOC are Fully Amortized at the prevailing market rates.

Perfect for homeowners who want flexibility without refinancing. Use it for renovations, investments, or cash-on-demand all while keeping your current mortgage intact

*Owner occupied program is not available in TX

Min FICO

680

(Up to 85% LTV)

Max LTV

85%

(Min 680 FICO)

Rockstar Wholesale’s Home Equity Line of Credit “HELOC” program enables borrowers to tap into their home’s equity while retaining their first mortgage. With this product, borrowers receive a revolving line of credit up to the approved credit limit. There are no restrictions on how borrowers can use the funds and they are able to make interest only payments during the draw period.