FOR PROFESSIONAL USE ONLY This is a business-to-business communication intended for financial and mortgage professionals only. This page is not directed at consumers.
A flexible solution for your borrowers
Provide your borrowers with a flexible line of credit that gives them access to their home equity, with payment options starting as low as 1% of the loan balance to keep monthly costs predictable and manageable.
For a complete list of licensing, please click here.
Life changes.
So should their mortgage payment.
Stand apart as the flexible home equity provider
by HighTechLending Inc
Loan Amounts up to $4,000,000 on 1st Liens
FICO scores down to 650
No recast payment shock after draw period
Non-recourse loan
Up to 50% DTI
Loan Amounts up to $2,000,000 on 2nd Liens
Payment plans as low as 1% of the annual balance
40-year loan term
Flexible payments
For Mortgage Professionals
For Reverse Mortgage Professionals
Compare the Options:
See how EquitySelect compares with FHA-insured reverse mortgages and traditional HELOCs across monthly payments, loan terms, qualification requirements, and more. Discover how its low minimum monthly payment options, extended term, and borrower-friendly features set it apart.
Product
FHA Reverse Mortgage LOC**
HELOC
Minimum Monthly Mortgage Payments
As low as an annual 1% of the loan balance
Optional
Interest Only the first 5-10 years (then principal and interest)
Term
40 Years
N/A
15-30 years
Pre-payment Penalty
None
None
Pre-payment penalties can be charged in some cases - make sure to ask your lender
Counseling
Online Video
HUD-approved in-person or over the phone counseling required
None
Qualifications*
This is a brief summary and does not include all conditions to qualify.
First or second lien position loan and must be primary residence and have sufficient equity to qualify.
First position loan and at least one homeowner must be age 62+, use the home as primary residence, and have sufficient equity to qualify.
Generally, second lien position loan: borrowers partly qualify based on credit score, debts, and income.
Credit Requirements
650
Must prove ongoing expenses can be paid
Based on lenders requirements
Annual Fees
None
Ongoing FHA annual insurance
Annual fee to keep the loan open
*Monthly payments may not cover all accrued interest, and unpaid interest is added to the balance, resulting in a balloon payment at the end of the term or upon payoff.
**Interest Rate is based on Secured Overnight Financing Rate (SOFR) Index + Margin (APR). APR excludes loan fees, points and similar charges relating to opening, renewing, or continuing the account.
FOR PROFESSIONAL USE ONLY This is a business to business communication and is intended for industry professionals only. THIS PAGE IS NOT DIRECTED AT CONSUMERS.
HighTechLending Inc, doing business as American Senior Lending is an Equal Housing Lender, NMLS ID #7147 (www.nmlsconsumeraccess.org) 2030 Main Street, Suite #500, Irvine, CA 92614.
DISCLAIMER: HighTechLending, Inc. is an Equal Opportunity Lender, acting under the following trade names: American Senior and American Senior Lending. NMLS: #7147, 2030 Main Street, Suite #500, Irvine, CA 92614. Licensed in Alabama under the Alabama Consumer Credit Act “Mini Code”; AZ Mortgage Banker License # 0912577; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License #4130937; Loans made or arranged pursuant to the California Financing Law; CO Mortgage Company Registration – Regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee, License #53077; FL Mortgage Lender Servicer License #MLD1409; HI Mortgage Loan Originator Company License and Service License #HI-7147; ID Mortgage Broker/Lender License # MBL-2080007147; IL Residential Mortgage License # MB.6761112, IL Division of Banking Commissioner: 555 West Monroe Street, 5th Floor, Chicago, IL 60661, (888) 473-4858; NC Mortgage Lender License #L-165611; NJ Residential Mortgage Lender License, Licensed by the N.J. Department of Banking and Insurance; NV Mortgage Company License #4517; OH Residential Mortgage Lending Act Certificate of Registration #RM.805365.000; OR Mortgage Lending License #ML-4386 and Servicer License #MS-139; Rhode Island Licensed Lender and Rhode Island Licensed Loan Broker; SC Mortgage Lender/Servicer License #MLS-7147; UT Residential First Mortgage Notification and Mortgage Entity License #8874117; Virginia Broker and Lender Licenses #MC-5962.
EquitySelect is a home equity line of credit (HELOC) mortgage loan. Monthly payments may not cover all accrued interest, and unpaid interest is added to the balance, resulting in a balloon payment at the end of the term or upon payoff. There is a required minimum initial draw of $75,000 or 50% of the credit line for 1st-liens (80% for 2nd-liens), whichever is greater. The draw period lasts seven years for 1st liens (five years for 2nd liens) and no additional draws can be made after that. Interest Rate is based on Secured Overnight Financing Rate (SOFR) Index + Margin (APR). APR excludes loan fees, points and similar charges relating to opening, renewing, or continuing the account.
FOR PROFESSIONAL USE ONLY This is a business to business communication and is intended for industry professionals only. THIS WEBSITE IS NOT DIRECTED AT CONSUMERS.
Corporate Headquarters
HighTechLending Inc – NMLS #7147
Member Of
Compliance
HighTechLending Inc, doing business as American Senior Lending is an Equal Housing Lender, NMLS ID #7147 (www.nmlsconsumeraccess.org) 2030 Main Street, Suite #500, Irvine, CA 92614.
DISCLOSURE:
HighTechLending, Inc. is an Equal Opportunity Lender, acting under the following trade names: American Senior and American Senior Lending. NMLS: #7147, 2030 Main Street, Suite #500, Irvine, CA 92614. Licensed in Alabama under the Alabama Consumer Credit Act “Mini Code”; AZ Mortgage Banker License # 0912577; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License #4130937; Loans made or arranged pursuant to the California Financing Law; CO Mortgage Company Registration – Regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee, License #53077; FL Mortgage Lender Servicer License #MLD1409; HI Mortgage Loan Originator Company License and Service License #HI-7147; ID Mortgage Broker/Lender License # MBL-2080007147; IL Residential Mortgage License # MB.6761112, IL Division of Banking Commissioner: 555 West Monroe Street, 5th Floor, Chicago, IL 60661, (888) 473-4858; NC Mortgage Lender License #L-165611; NJ Residential Mortgage Lender License, Licensed by the N.J. Department of Banking and Insurance; NV Mortgage Company License #4517; OH Residential Mortgage Lending Act Certificate of Registration #RM.805365.000; OR Mortgage Lending License #ML-4386 and Servicer License #MS-139; Rhode Island Licensed Lender and Rhode Island Licensed Loan Broker; SC Mortgage Lender/Servicer License #MLS-7147; UT Residential First Mortgage Notification and Mortgage Entity License #8874117; Virginia Broker and Lender Licenses #MC-5962.
EquitySelect is a home equity line of credit (HELOC) mortgage loan. Monthly payments may not cover all accrued interest, and unpaid interest is added to the balance, resulting in a balloon payment at the end of the term or upon payoff. There is a required minimum initial draw of $75,000 or 50% of the credit line for 1st liens (60% for 2nd liens), whichever is greater. The draw period lasts seven years for 1st liens (five years for 2nd liens) and no additional draws can be made after that. Interest Rate is based on Secured Overnight Financing Rate (SOFR) Index + Margin (APR). APR excludes loan fees, points and similar charges relating to opening, renewing, or continuing the account.
FOR PROFESSIONAL USE ONLY This is a business to business communication and is intended for industry professionals only. THIS WEBSITE IS NOT DIRECTED AT CONSUMERS.
Corporate Headquarters
HighTechLending Inc – NMLS #7147
Member Of
Compliance
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