Your customers must meet the following eligibility requirements to qualify for a home equity line of credit. Along with our automated process, our minimal requirements keep the process hassle-free and quick.

• Up to 90% CLTV.
• Minimum 680 FICO score.

Eligibility Requirements for Your Customer

• No more than two borrowers of the property can secure the line of credit.
• Borrower(s) and property owner(s) must be an individual and cannot be a trust, partnership or corporation.
• The collateral property must be either the primary residence or vacation home of the borrower(s). DeepGreen Bank does not lend on investment or income-producing properties.
• The collateral property must be a one- to two-unit property.
• The collateral property must be permanently attached to real property. Mobile homes do not constitute collateral property.
• The borrower(s) must be a U.S. citizen or permanent resident alien.
• The collateral property must be located in the 50 United States except Alaska, Hawaii or Texas.
• The home equity line of credit must, at a minimum, be in second lien position. Any existing liens on the collateral property, other than the first mortgage, must be paid prior to or with proceeds from the home equity line of credit.
• The borrower must be willing to receive statements online only. As an Internet-only bank, DeepGreen Bank does not send hardcopy monthly statements.