"The non-QM lender's digital first- and second-lien HELOC now offers a maximum line of $1,000,000, up from $500,000, with a minimum of $50,000."
"Davis described current demand as a generational opportunity, citing strong homeowner equity levels and projections of roughly $600 billion in home renovation spending in 2026."
"The Equity Advantage HELOC targets borrowers who may not fit traditional agency guidelines, including self-employed borrowers who cannot qualify with standard income documentation."
Deephaven Mortgage LLC has expanded its Equity Advantage HELOC product for wholesale and correspondent partners in 2026. The maximum line amount has doubled to $1 million, with eligibility extended to borrowers in Texas and 44 other states. The product allows title vesting in an LLC and permits co-borrowers with a minimum credit score of 620. Deephaven aims to help partners compete in a robust HELOC market driven by high homeowner equity and significant home renovation spending projections. The product targets non-traditional borrowers and offers alternative qualification methods.
Read at www.housingwire.com
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