Available Home Equity Loans / Second Mortgage Loans
We offer the following 2nd mortgages on California residential SFR properties:
Traditional 2nd Loans / Lines of Credit — Purchase and Refinance COMBO loans
Our bank-issued 2nd loans are affiliated with our Super Jumbo Loans.
- Our 2nd mortgages are paired with our Purchase Money 1st, or Refinance 1st loans only — we do not offer “stand alone” 2nd mortgages unless hard money (see below)
- Combined loan amounts to 85% Loan-to-Value
- Maximum $500,000 second mortgage
- Minimum 700 qualifying credit score — some loans scenarios require 720 or 740 scores — call.
- Full income documentation required
- Not available for investment property purchase or refinance
Hard Money 2nd Loans / Lines of Credit
- 2nd mortgage loans and lines of credit from 55% to 65% combined lien amount of the value of your home (LTV is case-by-case)
- Interest rates range from 9.95% to 11.99%
- Points and fees typical for hard money loans
- Maximum $1,000,000 ($1 million) second mortgages (minimum $20,000 loan amount)
- No minimum qualifying credit score
- Reasonable proof of repayment ability required.
- Equity line 1st lien mortgages OK
- Primary, second / vacation / investment, and 2 – 4 unit residential property ok