Program Profile
NFTYDoor HELOC
A variable-rate HELOC with a three-year interest-only draw period. One of the more aggressive current digital HELOC options for investment-property leverage, with a distinctive primary-income-earner credit-score approach that can benefit borrowers whose co-borrower has weaker credit.
Program information last reviewed: October 2026. HELOC underwriting guidelines change frequently. Credit-score thresholds, CLTV limits, line amounts, property rules and available terms shown here are educational snapshots and may change before you apply.
Product Structure
Payment type during draw
Interest-only during 3-year draw period
Rate type
Variable
Draw period
3 years
Repayment after draw
17-year amortizing repayment (12 years in Tennessee)
Minimum line
Generally $25,000
Maximum line
~$750,000
Initial draw required
75% of line
Lien positions
First and second liens
Prepayment penalty
None under current general structure
Credit bureau / model
Experian FICO 8
Credit score selection
Generally the primary/highest qualifying income earner — not automatically the lower co-borrower score
Valuation
AVM generally through ~$500k; full appraisal generally above ~$500k
Credit & CLTV Summary
August 2026 program snapshot. Approximate ranges — not guarantees. Actual results depend on your specific property, credit profile, and income.
Owner-Occupied
- 720+~90%
- 660–719~85%
- 640–659~80%
- 620–639~70%
- 600–619~60%
680+: up to ~50% DTI. 600–679: up to ~45% DTI.
Second Home
- — Stronger credit can reach approximately 85%–90%.
- — Lower qualifying tiers become progressively more conservative.
Investment Property
- — Strongest current credit tiers can reach approximately 85%–90%.
- — Lower qualifying tiers can fall closer to approximately 75%.
- — Minimum score can depend on the current investor/channel available.
Investment minimum credit can depend on the current investor/channel available to Morgan. Treat approximately 640 as the aggressive current-end possibility rather than an unconditional universal minimum.
Income, Property & Other Details
Self-Employed Business-Bank Approach
Generally requires around 680 FICO. Applies approximately a 35% expense factor. Qualifying income then reflects ownership percentage.
$10,000 qualifying monthly business deposits
× 65% (after ~35% expense factor) = $6,500
× 50% ownership = ~$3,250 monthly qualifying income
Credit Event Seasoning
Property Eligibility
Generally eligible
- — SFR
- — PUD
- — Condo
- — 2–4 units
- — Investment property
- — Second homes
- — Eligible ADUs
Generally ineligible
- — Manufactured/mobile homes
- — Commercial/mixed-use
- — Co-op
- — Vacant land
- — Working farms/agricultural
- — Condotel
- — Log home
- — 5+ units
LLC & Other Notes
Current program should be treated as NOT accepting LLC/entity vesting. Investment property generally must be in eligible individual/trust vesting.
Current program can be unusually useful for an eligible borrower with an executed offer/contract and a qualifying job starting within approximately 90 days.
When NFTYDoor Is Worth Comparing
- —Maximizing CLTV on investment property — one of the more aggressive current digital options for investment leverage.
- —Co-borrower has weaker credit than the primary income earner — the primary-earner credit approach can be a significant advantage.
- —Self-employed with business-bank income (~35% expense factor approach).
- —Future job offer within ~90 days — unusual eligibility for start-date employment.
Main tradeoff
The revolving draw window is only three years — shorter than HELIX (5 years), Aven (5 years), and the longest Figure structure (5 years on the 30-year product).
See What NFTYDoor Actually Produces for Your Property
The matrix above is a starting point. The actual result depends on your property's AVM, your credit profile and your income type.
Shop My HELOC OptionsMorgan Hardy · NMLS #1906208 · Foundation Mortgage