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Non-QM Closed-End Second Loans – Up to 85% CLTV
Access equity without refinancing your first mortgage
This program is designed for homeowners who want to unlock their property’s equity without touching their first mortgage. With flexible documentation types, competitive loan-to-value options, and terms up to 30 years, borrowers can tap into funds while keeping their existing mortgage rate and terms intact.
FAQs
What is the maximum CLTV available?
Up to 85% CLTV for Full Doc, Alt Doc, and DSCR.
What property types are eligible?
Owner-occupied homes, second homes, and investment properties.
What are the loan amount limits?
Minimum $75,000; maximum $750,000.
What are the term options?
Fixed-rate terms of 10, 20, or 30 years.
What is the minimum credit score required?
660.
Are there any property restrictions?
Properties with solar liens and non-warrantable condos are eligible.
Why This Program Works for Borrowers Who Need Flexible Financing
This program lets borrowers keep their existing first mortgage—ideal for those with a low rate they don’t want to lose—while still accessing substantial equity. It supports multiple property types, from primary residences to investment properties, giving clients more options for leveraging their assets. With competitive LTVs, flexible terms, and loan amounts up to $750,000, it’s a solution built for today’s market conditions. Borrowers can also avoid the cost and hassle of a full refinance, making it a smart, streamlined option.
A Smarter Way to Access Your Home’s Equity
By offering second lien financing with generous terms, this program allows homeowners to unlock funds without disturbing their first mortgage. Whether the goal is home improvements, debt consolidation, or new investments, the loan provides access to capital while preserving current mortgage benefits. Its flexible documentation and property eligibility open the door for more borrowers to qualify. With clear guidelines and competitive options, it’s a powerful tool for maximizing financial potential.