Unconventional Mortgages (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

Unconventional Mortgages - A Wealth of Information Resource & Service: (800) 718-8906


Stand-Alone Second Mortgage

Second Mortgage Bank Statement Mortgage Loan

Stand-Alone Second Mortgage Program (cash out can be used to meet reserve requirement)

This product is ideal for the borrower that wants to protect their low-interest rate first mortgage and would prefer a lump sum (from their equity) upfront.

This Second Trust Deed Program gives the borrower the entire loan amount at once, for them to disperse as necessary and is not a Home Equity Line of Credit (HELOC), where the borrower is using their equity for a HELOC credit line.

Purpose: Cash Out Second Mortgage | 55% DTI

* 700 Credit Score | 85% LTV to $1,250,000

* 640 Credit Score | 75% LTV to $3,000,000

* 660 Credit Score | 75% LTV to $3,000,000

* 620 Credit Score | 65% LTV to $3,000,000

* Maximum Loan Amounts: $6,000,000

Employment Types: Self-Employed Only

Eligible Business Entities: Corp, LLC, Trust

Property Types: SFR, 1-2 Unit, 3-4 Unit

Income Documentation

Employment Verification Documentation – VOE: N/A

Liquid assets can be used for Additional Income


* Owner Occupied/Investment property.

* Non-Owner-Occupied/Investment properties

Credit Criteria:

Collection and Judgement equaling $300 or more must be paid off. Medical collections need not be paid.

Any negative tradelines greater than 7 years need not be counted in DTI.

Credit Scores: 620

Except for the first mortgage, all outstanding title liens must be paid prior to closing.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.