# @rocketofficial on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DRVXxRtj2qL
- **Gondola URL:** https://gondola.cc/posts/37667386-rocketofficial-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/5aefdb6267.jpg
- **Posted:** 2025-11-21T21:40:36.000+00:00
- **Account Owner:** Rocket (@rocketofficial) — https://gondola.cc/rocketofficial

## Caption

Home equity loans can feel complex, but Tim is here to help explain what a HEL is and why this could be a good option for you.

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Home Equity Loan product requires full documentation of income and assets, credit score and max loan-to-value (LTV), combined loan-to-value (CLTV), and home equity combined loan-to-value (HCLTV) ratios. Requirements were updated 2/5/2024 and are tiered as follows: 680 minimum FICO with a max LTV/CLTV/HCLTV of 80%, 700 minimum FICO with a max LTV/CLTV/HCLTV of 85%, and 740 minimum FICO with a max LTV/CLTV/HCLTV of 90%. Your debt-to-income ratio (DTI) must be 50% or below. Valid for loan amounts between $45,000.00 and $500,000.00 (minimum loan amount for properties located in Michigan is $10,000.00). Product is a second standalone lien and may not be used for piggyback transactions. Product not available on Schwab products. Guidelines may vary for self-employed individuals. Some mortgages may be considered “higher priced” based on the APOR spread test. Higher priced loans are not allowed on properties located in New York. Additional restrictions apply. Not available in Texas. This is not a commitment to lend.

## Stats

- **Views:** 721
- **Likes:** 35
- **Shares:** 0
- **Comments:** 0

## Credits

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Viral Nation | @viralnationinc | https://gondola.cc/viralnationinc | Agency |
| Rocket | @rocketofficial | https://gondola.cc/rocketofficial | Mortgage Company |
| Matthew Paquette | @MatthewPaquette | https://gondola.cc/MatthewPaquette | Editor |

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