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Fixed-Rate Loan Option at account opening: You may convert a withdrawal from your home equity line of credit (HELOC) account into a Fixed-Rate Loan Option, resulting in fixed monthly payments at a fixed interest rate. The minimum HELOC amount that can be converted at account opening into a Fixed-Rate Loan Option is $15,000 and the maximum amount that can be converted is limited to 90% of the maximum line amount.
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However, in 223 counties, the fha loan limits will remain the same. The National Mortgage Limit for FHA-insured Home Equity Conversion Mortgages. Ramírez is a journalism graduate of University of.
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