Is your client looking to access the equity in their home without impacting their primary mortgage interest rate?
theLender has you covered.
Introducing

A stand alone or piggyback equity second that allows homeowners to access the equity in their homes without losing their low interest rate firsts.

  • Loan Amounts up to $450k
  • FICOs starting at 660
  • O/O Full Doc max 80% CLTV
  • O/O Bank Statements max 80% CLTV
  • N/O/O Full Doc max up to 80% CLTV
  • N/O/O Bank Statement max up to 75% CLTV
  • Max DTI up to 50%
  • Now doing 2-4 units
    • O/O: Use original appraisal within 12 months and Appraisal Review or New appraisal with AVM is required
    • N/O: Use original appraisal within 12 months and Appraisal Review or New 2055 appraisal and appraisal review
    • Combined Liens up to $2MM
    • No Assets required
    • Now Allowing 1st lien to have I/O features (Max DTI 45%)

    Forms