Second Mortgage Using DSCR

A closed-end second mortgage empowers homeowners to utilize their real estate equity without impacting their existing low interest rate. This loan provides a lump sum payout of up to 90% of the home’s equity, determined by factors like credit score and rental income.

• CLTV up to 90%
• Minimum FICO of 680
• Maximum DTI of 50%
• Loan amounts from $150,000 to $500,000
• Choose from 10, 15, & 30 Year Fixed terms
• Options for both Full Documentation and Alternative Documentation (Alt Doc)
• Personal Bank Statements
• Business Bank Statements
• 1099 Income Verification
• Available for Primary Residences, Second Homes, and Investment Properties

A stand-alone equity second mortgage empowers homeowners to tap into their property’s equity without forfeiting their advantageous low-interest first mortgage. Contact our office for more information about this second mortgage DSCR program.