Why investors use a second instead of a refinance
Your first mortgage stays untouched
A true standalone second lien. No refinance, no resetting a low first-lien rate, no cash-out on the primary note.
$0 origination & broker fees
No origination points and no broker fee on any file. You pay third-party costs only.
Investor properties only
Rentals and investment properties held personally or in an LLC. We do not do first mortgages or owner-occupied homes.
$50,000 to $1,000,000
Size the draw to the deal — small equity pulls or seven-figure portfolio moves.
Underwriting rules
The same guideline matrix the calculator runs on. Meet one of the two income tracks and stay inside your CLTV band.
Combined loan-to-value
- Up to 75% CLTV at 720+ FICO through $500,000
- Up to 70% CLTV at 700–719 FICO through $500,000
- Up to 65% CLTV from $500,001 to $1,000,000
DSCR rental track
- 1.10x minimum coverage on gross market rent
- 720+ FICO required
- 70% CLTV maximum through $500,000
- No tax returns and no personal DTI calculation
12-month bank statement track
- 700 minimum FICO
- Personal or business deposits, 12 months
- 50% expense factor on business accounts, 0% on personal
- DTI capped at 50%
Property & structure
- Investment and rental properties only
- Personal name or LLC vesting accepted
- AVM valuation where eligible
- Interest-only payments during the 5-year draw
Guidelines are summarized for estimating and subject to full underwriting, valuation and index pricing at lock. Not a commitment to lend.
Get pre-qualified
Send your property value, first-lien balance, credit tier and income basis. You get sizing and a next step back — no credit pull to start, and no fees to find out.
- Same-day sizing on most files
- No origination or broker fees
- LLC vesting welcome
- AVM valuation where eligible
Second mortgage questions
More answers on the second mortgage FAQ, the investment property HELOC guide and the Investor Academy.