Piggyback HELOC - CO

We are happy to announce the introduction of a new piggyback HELOC exclusively for properties in Colorado.

NPF Piggyback HELOC - CO

To simplify the requirements for originating a piggyback HELOC in the state of Colorado, New Penn Financial is pleased to announce the introduction of a new piggyback HELOC product exclusively for properties in Colorado.  This new product mirrors the existing NPF piggyback HELOC program parameters, except the maximum ceiling rate will be capped at 12%. 

  • If the property state is in Colorado, you must select NPF HELOC Second-CO for the product to be valid
  • The existing NPF HELOC Second product will no longer be valid when the property is in Colorado
  • Loans that are currently in process will need to be updated to the new product
  • Brokers in Colorado are no longer required to provide a copy of their Supervised Lender License

Additional Details:

Please reference the Product Profiles page for full details of the changes outlined in this announcement.