STAND ALONE CLOSED-END SECOND MORTGAGE
Put up to $500K in your borrower’s hands
Help your borrowers maintain their low interest-rates while accessing quick cash with a Stand Alone Closed-End Second.
Loan amounts from $75K to $500K
Stand Alone Closed-End Second up to 90% CLTV
Qualify with 1- or 2-years Full-Doc, Bank Statements, and 1099
No reserve required
Primary, Second Home and Investment
FICOs from 680
US Citizens and Permanent Residents
Major derogatory credit seasoned for 48 months
SFR, PUD, Condos
MI, TX and UT ineligible
CLOSED-END LOAN-TO-VALUES
90% CLTV Full Doc
85% CLTV Bank Statements, 1099
80% CLTV for Second Homes
75% CLTV for Investment properties
WHO ARE YOUR IDEAL CANDIDATES FOR THIS PROGRAM?
Borrowers with a current low interest-rate who need additional funds.
Borrowers who need a loan up to $500K
Borrowers who need to use alternative docs to qualify
Borrowers looking for a high Loan-to-Value amount