{"id":49813,"date":"2026-05-06T19:19:18","date_gmt":"2026-05-06T16:19:18","guid":{"rendered":"https:\/\/mk.gen.tr\/deephaven-mortgage-broadens-equity-advantage-heloc-options\/"},"modified":"2026-05-06T19:19:18","modified_gmt":"2026-05-06T16:19:18","slug":"deephaven-mortgage-broadens-equity-advantage-heloc-options","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/deephaven-mortgage-broadens-equity-advantage-heloc-options\/","title":{"rendered":"Deephaven Mortgage broadens Equity Advantage HELOC options"},"content":{"rendered":"

Deephaven Mortgage LLC<\/strong> has expanded its Equity Advantage HELOC product<\/a> for wholesale and correspondent partners in 2026, doubling the maximum line amount to $1 million and broadening eligibility and geography, according to a company announcement.<\/p>\n

The non-QM<\/a> lender\u2019s 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. The product is available to borrowers in Texas in addition to 44 other states and allows title vesting in an LLC for investment property owners.<\/p>\n

The program also now permits co-borrowers, with a minimum co-borrower credit score of 620, and provides 2.50% lender-paid compensation to partners based on the full line amount. Deephaven<\/a> positions these changes as a way for brokers and correspondents to compete more effectively in a HELOC market driven by record home equity.<\/p>\n

\u201cIn a robust HELOC market, these changes empower our partners to meet the needs of more borrowers with flexibility and agility,\u201d Tom Davis<\/a>, chief sales officer at Deephaven Mortgage, said in the announcement.<\/p>\n

Davis described current demand as a \u201cgenerational opportunity,\u201d citing strong homeowner equity levels and projections of roughly $600 billion in home renovation spending in 2026. With many borrowers locked into low-rate first liens, lenders across the industry are leaning on HELOCs as a primary way for consumers to tap equity without refinancing into a higher rate.<\/p>\n

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 offers manual reviews of 12 months of personal or business bank statements as an alternative qualification method.<\/p>\n

The product can also serve free-and-clear homeowners seeking cash for renovations or other goals, as well as borrowers looking to preserve their existing first-lien rate while accessing additional liquidity through a second lien.<\/p>\n

Deephaven said it has structured the process around speed and support for its partners, including AVM options, a Quick Pricer for scenario evaluation, and the ability to obtain a full appraisal for second-lien transactions at the borrower\u2019s request. The lender handles processing, underwriting, title, closing and funding internally.<\/p>\n

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Deephaven Mortgage LLC has expanded its Equity Advantage HELOC product for wholesale and correspondent partners in 2026, doubling the maximum line amount to $1 million and broadening eligibility and geography, according to a company announcement. The non-QM lender\u2019s digital first- and second-lien HELOC now offers a maximum line of $1,000,000, up from $500,000, with a…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49813"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=49813"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49813\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=49813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=49813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=49813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}