Homeowners today are sitting on record levels of home equity—but many don’t know how to access it efficiently. As a mortgage broker, offering Fixed 2nd Mortgages and HELOCs can be a powerful way to grow your pipeline, serve more borrowers, and create repeat business in any market cycle.
At Mega Capital Funding, we’ve built flexible home-equity solutions designed for speed, simplicity, and scalability—highlighted by our new Express HELOC with NO appraisal required.
Program Comparison
MAX
/ CLTV
- Transaction Type
- Minimum FICO
- Income Doc Type
- Min / Max Loan Amount
- Max Cash-Out Amount
- Appraisal
- Draw Period
Express HELOC
80%
/ CLTV
- Standalone
- 640 FICO
- Full Doc Only
- $100 / $250 Loan
- $250K Cash-Out
- Not Required -AVM Only
- 3 and 10 Years
Fixed
HELOC
90%
/ CLTV
- Piggyback, Standalone
- 640 FICO
- Full Doc Only
- $75K / $500K Loan
- $500K Cash-Out
- One Appraisal
- 3 years
Closed-End 2nd
90%
/ CLTV
- Piggyback, Standalone
- 660 FICO
- Full, Alt-Doc Types
- $100 / $750K Loan
- $750K Cash-Out
- One Appraisal
- NA
