Loan Programs / Rental
DSCR Second Mortgages
A stand-alone second lien for investors who want to pull equity without disturbing their existing first mortgage.
A stand-alone second lien for investors who want to pull equity without disturbing their existing first mortgage.
Keep your low first-mortgage rate and still access your equity. DSCR Second Mortgages are stand-alone second liens underwritten on the property's cash flow, so you can pull capital without a full cash-out refinance or disturbing your existing first mortgage.
Loan amounts range from $75K to $500K, up to 80% CLTV, with a minimum DSCR of 1.0. No reserves are required, and an AVM is allowed on loans under $400K. This program is for long-term rentals of up to 4 units.
A stand-alone second lien on a rental property, qualified on the property's cash flow rather than your personal income. Your existing first mortgage stays in place.
Loan amounts range from $75K to $500K.
Up to 80% combined loan-to-value.
The minimum DSCR is 1.0.
No. Reserves are not required.
An AVM is allowed on loans under $400K.
Long-term rentals of up to 4 units.
A brief 15-minute call with a loan officer to walk through your scenario and goals. Get a quote now, or click Contact Us to call, email or schedule a call.
You receive a Good Faith Estimate and term sheet with multiple options.
Submit your file, clear underwriting, and close on a timeline built around your deal.
Get a Good Faith Estimate with multiple options for your review.
* Closing time frames begin once all items have been received. Loan amounts and LTVs may vary based on credit score, track record, and other underwriting conditions. All loan terms are subject to final underwriting review and are not final until a clear-to-close has been issued.
A quick application — we’ll follow up with your quote.