Yes. The Wealth Builder HELOC is available for purchase transactions, not just refinances. This is one of the features that sets it apart from most HELOC products, which are typically only available on properties you already own.

How It Works for a Purchase

When used for a home purchase, the Wealth Builder HELOC functions as your primary financing — replacing what would otherwise be a traditional first mortgage. At closing, the line is established and the funds are used to purchase the property. Your property serves as the collateral, and the HELOC is recorded in first lien position.

Down Payment Requirements

Like any first mortgage, you will need to bring a down payment. The maximum LTV determines the minimum down payment required. For example, at 90% LTV on a primary residence, you would need 10% down. The exact LTV available to you depends on your FICO score and the property type.

Why Buy with a Wealth Builder HELOC?

• Start building equity from day one using the daily interest accrual advantage
• Avoid a traditional 30-year amortization schedule that front-loads interest
• Flexibility to draw and repay as your financial situation evolves
• Single instrument — no need for a separate HELOC later to access equity

Is It Right for Every Buyer?

The Wealth Builder HELOC is best suited for buyers with consistent monthly cash flow who can sweep income against the balance. Buyers who spend all of their income each month and carry a high outstanding balance may not see the full benefit compared to a fixed-rate mortgage.