Non-QM Closed-End Seconds up to 90% CLTV
Reach more clients and give them more borrowing power with Non-QM Closed-End Seconds!
Maximize your clients’ equity borrowing power! A primary concern for borrowers is fear of losing their existing interest rate on their Non-QM loan in order to access their equity. A Closed-End Second may be a solution. It gives clients the ability to borrow a lump sum all at once.
- 90% Max CLTV Full Doc, 85% CLTV Bank Statement
- Owner Occupied, 2nd Home and Investment Properties
- ITIN, One Year Self Employed available
- Purchase, Rate/Term Refinance, and Cash-Out Refinance Available
- Fixed Term Rates Available
- Terms: 15 & 30 year
- Credit Scores down to 660
- Loan Amounts to $500,000
- Eligible as 2nd lien only
- Fully disbursed at closing, no draw feature
- Qualifying payment is fully amortized payment
- Minimum loan amount $100,000
Contact your Account Executive for more information.