Can I qualify my rental using only lease income?

Yes. The DSCR track compares gross rental income with existing PITIA, HOA and the estimated new second-lien payment — no personal income documents or DTI calculation. You need a minimum 1.10x coverage ratio and 720+ FICO, with CLTV up to 70% on loans at or below $500,000.

Do I need tax returns if I have 12 months of bank statements?

No. Twelve months of personal or business statements replace tax returns for self-employed and 1099 borrowers. Business accounts typically use a 50% expense factor; personal accounts use 100% of deposits. DTI is capped at 50%.

Can I vest this loan under my LLC?

Yes, LLC vesting is permitted on eligible transactions, including investment properties held in an entity.

What are the credit score minimums?

This is an investor-only program: 700 minimum FICO on the 12-month bank statement track and 720 on the DSCR track. Scores below 700 are ineligible.

Do I have to touch my existing first mortgage?

No. Every program here is a standalone second lien or HELOC, so your low-rate first mortgage stays exactly as it is.

Investor 2nd Mortgages Up to $1M

Choose your equity tool

Two ways to tap rental equity

Keep your first mortgage. Choose how you want to access the cash.

Investor HELOC

Draw as needed · Pay only on what you use

A revolving line for projects and opportunities that happen over time.

Staged rehabs
Cash ready for the next deal
No interest while undrawn

Explore HELOC HELOC lessons

Fixed 2nd Mortgage

One lump sum · Predictable payment

Get the full amount at closing for a known, immediate need.

Next-property down payment
Partner buyout
Pay off expensive debt

Explore 2nd Mortgage Blended rate Lessons

Rate watch

CONNECTING

What replacing your first could cost

The 10-year Treasury influences the mortgage market, but does not set mortgage rates. A new 30-year loan could reprice your entire first balance; a standalone second leaves your existing first untouched.

10-yr updates each trading day · mortgage survey weekly · source FRED

UST10Y · 10-year Treasury note yield

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FRED DGS10 · Unavailable

10-year Treasury yield data unavailable.

MTG30Y · 30-year fixed mortgage survey

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Freddie Mac via FRED MORTGAGE30US · Unavailable

30-year mortgage survey data unavailable.

Side by side · 10-yr vs 30-yr mortgage vs HELOC index

Market pressure · observed changes

Treasury · last 7+ daysUnavailable

No comparison

Mortgage survey · prior weekUnavailable

No comparison

Mortgage − Treasury gapUnavailable

No comparison

These are dated national benchmarks, not an investor loan quote or savings prediction. The mortgage survey largely reflects conventional loans, not Non-QM pricing.

Protect the rate you already have.

Compare refinancing the whole balance against adding only the equity you need. The answer depends on your actual first rate, new terms and fees.

Compare my payments Market context

Sources: FRED DGS10 and FRED MORTGAGE30US. Published observations may lag market trading; illustrative context only, not a credit offer.

Dual-track qualification calculator

Model your standalone second lien against the live guideline matrix — DSCR rental cash flow or 12-month bank statements. Results update as you type.

Property type

Investment property (non-owner-occupied)

Credit score (FICO tier)

Estimated property value$600,000

Existing 1st mortgage balance$250,000

Current 1st lien CLTV: 42%

Total 12-month personal or business deposits$480,000

Expense factor50%

50% is standard for business accounts. Use 0% for personal accounts.

Other monthly personal debt obligations$1,200

Auto loans, credit cards, student loans, and your existing 1st mortgage payment.

Estimated standalone 2nd lien

$200,000

Max permissible CLTV

75%

Interest-only payment

$1,646/mo

Qualifying income

$20,000/mo

Debt-to-income

14%

Eligible for Desktop AVM (skip full appraisal)

Payment shown at a 9.875% placeholder rate. 5-Year Interest-Only Draw / 30-Year Maturity / 25-Year Amortization. 75% CLTV — Investor bank statement, 720+ FICO, loan ≤ $500k.

Automated valuation (AVM) may be available, subject to property and desk review.

Loan sizes $50,000 – $1,000,000 · $0 origination & broker fees

Estimates only, based on the published guideline matrix and a placeholder interest-only rate. Final terms depend on FICO, CLTV, valuation, and index pricing. Not a commitment to lend. Proprietary qualification model — output is for your own scenario only and may not be reproduced or redistributed.

Built for rental portfolios