A loan that helps you qualify for a home loan
A unique loan product that allows borrowers, with a low down payment, secure an additional sum of money to qualify for the main mortgage. All that and more without the hassle of paying for private mortgage insurance. It’s best for borrowers who want to put less than 20% down and need quick qualification on the basis of credit history and LTV.
The loan comes at fixed rates and a 30-year-long loan term, making it easy for borrowers to repay the loan without disrupting their monthly budget.
Highlights
Ideal For
Highlights
- Easy to qualify
- Does not require income documentation
- Second loans up to $500K
- Debt-to-Income not calculated
- CLTV up to 85%
- Can be qualified through LTV, FICO, and reserves
- 30-year fixed term
- Requires minimum FICO of 680
Ideal For
Borrowers who need a second lien to qualify for a mortgage
