Closed-End Second Mortgage

Borrowers retain their low first mortgage rate while accessing equity through a fixed-rate second loan.

• Loan Amounts $75,000 –  $500,000
• Min. FICO 680 (Max 75% LTV)
• Max LTV 90% (Min. FICO 740)
• No Reserve Requirements
• Wage/Salary: Paystubs, W-2’s, 1-year of Tax Returns, IRS Form 4506-C, Verbal VOE
• Self-Employed: 1-year of Personal and Business Tax Returns, YTD P&L, 2-monthly bank statements, IRS Form 4506-C
• 12-months of Bank Statements
• 1-year 1099