STAND ALONE CLOSED-END SECOND MORTGAGE

Put up to $500K in your borrower’s hands

Help your borrowers maintain their low interest-rates while accessing quick cash with a Stand Alone Closed-End Second.

  • Loan amounts from $75K to $500K

  • Stand Alone Closed-End Second up to 90% CLTV

  • Qualify with 1- or 2-years Full-Doc, Bank Statements, and 1099

  • No reserve required

  • Primary, Second Home and Investment

  • FICOs from 680

  • US Citizens and Permanent Residents

  • Major derogatory credit seasoned for 48 months

  • SFR, PUD, Condos

  • MI, TX and UT ineligible

CLOSED-END LOAN-TO-VALUES

  • 90% CLTV Full Doc

  • 85% CLTV Bank Statements, 1099

  • 80% CLTV for Second Homes

  • 75% CLTV for Investment properties

WHO ARE YOUR IDEAL CANDIDATES FOR THIS PROGRAM? 

  1. Borrowers with a current low interest-rate who need additional funds.

  2. Borrowers who need a loan up to $500K

  3. Borrowers who need to use alternative docs to qualify

  4. Borrowers looking for a high Loan-to-Value amount

QUESTIONS ABOUT THIS PRODUCT? CONTACT SALES AT JMAC