The Wealth Builder HELOC has specific eligibility requirements covering credit, income, property, and loan amount. Here is a summary of the key qualifying criteria for California borrowers.

Credit Requirements

• Minimum FICO score of 620
• Higher LTV allowances available at 680+ and 720+
• No recent bankruptcies, foreclosures, or short sales within program seasoning windows

Income and Documentation

• Full documentation (W-2s, tax returns, paystubs)
• Bank statement income (12 or 24 months)
• Asset depletion income for qualifying borrowers
• 1099 income accepted with appropriate documentation

Loan Amount and LTV

• Minimum loan amount: $150,000
• Maximum loan amount: $3,500,000
• LTV up to 90% depending on FICO and occupancy type
• LTV matrix varies — higher FICO scores unlock higher LTV allowances

Property Eligibility

• Single family residences, condos, PUDs
• 2–4 unit properties
• Primary residence, second home, and investment properties
• Property must meet appraisal and condition standards
• Properties with significant deferred maintenance may not qualify

Loan Purpose

• Purchase
• Rate and term refinance
• Cash-out refinance