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.
theSECOND
- Loan Amounts up to $550k
- 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%
- 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 $2.5MM
- No Assets required
- Now Allowing 1st lien to have I/O features (Max DTI 45%)
theSECOND+
- Approved in more states
- Maximum loan amount up to $500K
- Minimum loan amount to $75K
- No cap on combined loan amounts
- Cash Out up to $500K
- Minimum FICO lowered to 680
- 2nd homes allowed to 80%
- Investment transactions allowed to 75%
- Maximum DTI increased to 50% for LTVs ≤ 80%
- AVMs now allowed for loan amounts ≤ $250K