R-002 HELOC Guideline Credit Updates

NOTICE TO RETAIL LOAN ORIGINATORS:

 

HELOC Credit Updates

FLCBank has updated its HELOC product credit guidelines effective immediately for new loan submitted/finaled to FLCBank as well as for new locks.

All HELOC type Standalone or Piggyback/Combo

  • Automobile leases must be included in the DTI (even if account is pre-paid in full).

 

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