What is the max CLTV allowed on a standalone HELOC transaction? my borrower has a home approximately worth $1.5 million with a 1st mortgage of $1.1 million. fico is 680

The maximum CLTV allowed for a standalone HELOC transaction with a $1.5 million property value, $1.1 million first mortgage, and 680 FICO generally ranges from 75% to 85%, depending on the lender. Most lenders cap the CLTV at 75% or 80%, but one lender offers up to 85%.

Here’s a summary of the maximum CLTVs by lender for your scenario:

Lender/Program	Max CLTV	Notes	Link
Loan Stream – Closed End & Concurrent Second Mortgages	85%	Highest available. Max 2nd lien (HELOC) amount: $175,000.	/lenders/13/programs/267
Axos Bank – ALT DOC EXPRESS / FULL DOC EXPRESS	80%	2nd lien eligible. Max 2nd lien (HELOC) amount: $100,000.	/lenders/18
UWM – Multiple Programs	80%	2nd lien allowed. Max 2nd lien (HELOC) amount: $100,000.	/lenders/50
Champions Funding – Consumer No Ratio	75%	2nd lien/HELOC allowed. Max 2nd lien (HELOC) amount: $25,000.	/lenders/7/programs/141
Change Wholesale – Community Mortgage	75%	2nd lien/HELOC allowed. Max 2nd lien (HELOC) amount: $25,000.	/lenders/8/programs/135
Newfi Lending – Olympic	75%	2nd lien/HELOC allowed. Max 2nd lien (HELOC) amount: $25,000.	/lenders/10/programs/822
FundLoans – Aspire/Aspire X	75%	Only closed-end 2nd liens, not true HELOCs. Max 2nd lien amount: $25,000.	/lenders/1
The Loan Store	N/A	Standalone HELOCs not eligible; 2nd liens only allowed as concurrent with a purchase.	/lenders/26
Angel Oak	N/A	No supported programs for standalone HELOCs or 2nd liens on MortgageQ.	/lenders/4

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Key Takeaways

• Loan Stream offers the highest max CLTV at 85%, allowing you to borrow up to $175,000 on a HELOC.
• Axos Bank and UWM allow up to 80% CLTV, which would let you borrow up to $100,000.
• Most other lenders cap the CLTV at 75%, which would only allow a $25,000 HELOC in your scenario.
• Some lenders (The Loan Store, Angel Oak) do not offer standalone HELOCs for your scenario.

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Would you like more details on qualifying for the 85% CLTV option, or do you want to see documentation requirements for a specific lender? Let me know if you want a breakdown of monthly payments or more info on a particular program!