A Wealth of Information and Service | (800) 718-8906
Our Non-QM Closed-End Seconds program offers flexible financing solutions for owner-occupied, second homes, and investment properties. With a maximum CLTV of 85% for both full documentation and alternative documentation loans, this program allows borrowers to secure funding for purchases, rate/term refinances, and cash-out refinances up to $1,500,000. Fixed-term rates are available in 10, 20, and 30-year terms, with loan amounts starting at $100,000 and credit scores as low as 620.
This loan program is structured as a second lien, fully disbursed at closing with no draw feature. The qualifying payment is based on a fully amortized schedule, making it an ideal option for borrowers seeking predictable monthly payments. Properties with a solar lien and non-warrantable condos are eligible, and AVMs are available for loans up to $250,000. Whether you’re refinancing or purchasing, this program offers competitive options for homeowners and investors alike.
* Access cash without refinancing your current mortgage
* No mortgage insurance required for second loans
* Enjoy lower rates compared to traditional lines of credit
* Reduce your down payment when combined with a first lien.*
* Use funds for major expenses like home renovations, college tuition, or medical costs
* Choose from fixed-term rates for stable monthly payments
* Available for purchase, rate/term refinance, and cash-out refinance
Non-QM second mortgages offer several advantages, including higher loan amounts, competitive interest rates compared to unsecured debt like credit cards, and flexible repayment options. Borrowers can benefit from lower monthly payments or accelerate principal payoff, providing greater financial control and flexibility.
We provide access to low-interest loans and extended repayment terms of up to 30 years, facilitating manageable interest payments and flexibility in debt management. These mortgages can serve various purposes, including consolidating debts, funding home improvements, covering medical bills, or addressing significant life events, offering homeowners a versatile financial tool.