A Closed-End Second Mortgage allows qualified homeowners and real estate investors to access the equity in their property without refinancing their existing first mortgage.
Whether you need funds for home improvements, debt consolidation, investments, or other financial goals, Vision One Mortgage offers flexible second mortgage solutions — including Conventional, Non-QM, and DSCR options.
Traditional income documentation doesn't work for every borrower.
Our Non-QM Closed-End Second Mortgage programs provide additional qualification options for borrowers who may not fit traditional lending guidelines.
Program options may include:
Real estate investors may be able to access equity in an investment property without relying on traditional personal income documentation.
Witha DSCR Closed-End Second Mortgage, qualification is based primarily on the property's rental income and cash flow.
Funds from a Closed-End Second Mortgage can be used for a variety of purposes, including:
If you have a favorable rate on your existing first mortgage, refinancing the entire balance may not make sense.
A Closed-End Second Mortgage can provide access to your available equity while allowing you to keep your existing first mortgage in place.
Our mortgage professionals can help you compare your options and determine which second mortgage program may fit your needs.
All loan programs are subject to borrower and property qualification, underwriting approval, program availability, and applicable lending guidelines. Rates, terms, loan amounts, combined loan-to-value limits, credit requirements, income documentation requirements, reserve requirements, and other program guidelines are subject to change without notice. DSCR and Non-QM programs may have additional eligibility requirements and restrictions. This is not a commitment to lend.