Program Profile
REMN HELIX HELOC
A more traditional variable-rate HELOC with a five-year interest-only revolving draw period. Particularly worth comparing when long revolving access matters, a non-warrantable condo is involved, unusual acreage is a factor, or very recent ownership is the situation.
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 5-year draw period
Rate type
Variable (Prime + margin) throughout draw and repayment
Draw period
5 years
Repayment after draw
25-year amortizing repayment (10 years in Tennessee)
Rate floor / ceiling
Current floor ~4%; current lifetime ceiling ~18%
Minimum line
$25,000
Maximum line
$750,000
Initial draw required
75% of line
Minimum subsequent draw
Generally $1,000 (outside Texas)
Lien positions
First and second liens
Credit bureau / model
Equifax FICO 8
Credit score selection
Generally the primary wage earner
Valuation
AVM generally through $500k; full appraisal above $500k
Credit & CLTV Summary
August 2026 program snapshot. Approximate ranges — not guarantees. Actual results depend on your specific property, credit profile, and income.
Primary Residence
- 720+75–80%
- 700–71980%
- 680–69975%
- 660–67970%
- 640–65965%
- 620–63955%
- 600–61950%
Second Home
- — Approximately 640+ minimum.
- — Roughly 60%–70% CLTV depending on score.
- — Maximum line generally $500,000.
Investment Property
- — Generally approximately 700+.
- — Roughly 70% maximum CLTV.
- — Maximum line generally $500,000.
Credit History Requirements
Primary wage earner generally needs either two tradelines seasoned at least 12 months, or one tradeline seasoned at least 24 months.
Credit Event Seasoning
Property Eligibility
Generally eligible
- — SFR
- — 2–4 unit (640+ credit)
- — PUD
- — Townhome
- — Warrantable condo
- — Non-warrantable condo
- — Factory-built modular
Generally ineligible
- — Manufactured
- — Agricultural zoning
- — Barndominium
- — Co-op
- — Condotel
- — Log home
- — Mixed-use
- — Vacant/raw land
Acreage, LLC & Seasoning
No general acreage cap outside special state rules under current program. Texas has special acreage restrictions (maximum 10 acres).
Not eligible under current general program. Living trust potentially eligible.
Very limited ownership seasoning compared with several competitors — current FAQ reflects essentially one-day ownership eligibility in ordinary circumstances.
Some states impose a 60-day listed-for-sale restriction. Tennessee and Texas are among them.
When REMN HELIX Is Worth Comparing
- —True 5-year interest-only revolving draw — the longest I/O draw window among the five programs.
- —Non-warrantable condo — HELIX accepts non-warrantable condos where several competitors do not.
- —Unusual acreage — no general acreage cap outside special state rules.
- —Very recent ownership — minimal seasoning requirement (essentially one day in ordinary circumstances).
- —Borrower doesn't need the aggressive CLTV offered by some competitors and values traditional HELOC mechanics.
See What REMN HELIX 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