HOME EQUITY LOAN
Borrower Eligibility
Home Equity Mortgage Loan Borrower Eligibility
Eligible Borrowers
– U.S. citizens
– Permanent resident aliens
– Non-permanent resident aliens
– All borrowers must have a valid social security number
– Inter-vivos revocable trust
Ineligible Borrowers
– Irrevocable trusts or blind trusts
– Limited/general partnerships and corporations
– Foreign nationals
– Borrowers with diplomatic immunity
– Non-occupant co-borrowers
– Land trusts, including Illinois
– Borrowers and title holders using a Power of Attorney (POA), except for a borrower in the military when deployed abroad or when required by law
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