Skip to content

Piggyback HELOC


MORE House. LESS Money Down


Avoid mortgage insurance by combining a first mortgage with a Home Equity Line of Credit.

If you’re shopping for a home, you can significantly increase your buying power with our smart two-loan strategy for homes with high market values and borrowers that want to avoid mortgage insurance.


We’ll work with you to find the best first mortgage option. The second is a fixed- or variable-rate Home Equity Line of Credit (HELOC) that can cover up to $500,000 with up to 95% of the home’s value. By "piggybacking" these two loans, you potentially end up with a lower rate and lower overall payment.

  • Low down payment options with no mortgage insurance required  
  • Credit scores starting from 680
  • Works in conjunction with a purchase or refinance loan
  • Flexible monthly payments
  • Avoid Jumbo loan requirements

What’s more, extra principal payments can be used to pay off the HELOC, which will ultimately lower your overall payment.

Not available in Alaska, Hawaii, Louisiana, Tennessee and Texas.