Stand Alone 2nd Lien Funding

2ND LIEN MORTGAGE FUNDING

Do you have Equity in your property? Would you like to take some cash out without interfering with your 1st mortgage loan? If you had your 1st mortgage loan for some time, you may have an awesome rate so no need to refinance your 1st just to get a higher rate.

 

Applying for a 2nd lien Equity loan with PhoneOps is extremely easy. PhoneOps 2nd Lien Loan Program is designed for:

OO properties

(Only in FL)

NOO properties

(Nationwide)

Mix-Use Properties

(Case by Case)

1 to 4 Units

Condos & Townhomes

PUDS

If you fall into one of the above, then our program is great for you.

 

PHONEOPS 2ND LIEN LOAN PROGRAM IS AVAILABLE IN ALL 50 STATES!

 

Guidelines: 

This program has standard guidelines. View below:

Loan Amounts:

$50k to $500K

Amortization:

30 Year Fixed

Rate:

9% to 18%

Minimum FICO:

660 for OO

680 for NOO

Max LTV:

Up to 85% for OO

Up to 75% for NOO

Pre Payment Penalty:

Up to 5yrs

No PPP Option

Appraisal:

Needed

Reserves:

0mos to 12 mos

Funding:

As soon as 10 days

Minimum Requirements:

* Must be able to show proof of income

* Application Fee $295 WAIVED

* A Tri-Merge Credit Report fee of $57

* A valid Driver’s License or State ID

* Must have a Checking Account

* A Social Security number

2nd Lien Mortgage Loan Application

©2005-2019 PhoneOps Funding, LLC NMLS# 1491394

©2005-2023 PhoneOps Funding, LLC NMLS# 1491394