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Closed End Second Mortgage

A second mortgage taken out in a lump sum with fixed terms and payments, separate from the primary mortgage.

Jumbo Loan
  • 85% Max CLTV Full Doc & Bank Statement
  • Owner Occupied, 2nd Home and Investment Properties
  • One Year Self-Employed available
  • Purchase, Rate/Term Refinance, and Cash-Out Refinance Available
  • Fixed Term Rates Available – Terms: 10, 20, & 30 year
  • Credit Scores down to 660
  • Loan Amounts to $750,000
  • Eligible as 2nd lien only
  • Fully disbursed at closing, no draw feature
  • Qualifying payment is fully amortized payment
  • Minimum loan amount $100,000
  • AVMs available for loans ≤ $250,000
  • Properties with a solar lien are eligible
  • Non-Warrantable Condos Eligible

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