The 2nd lien loan program is tailored for those seeking flexible financing solutions. It allows your borrowers to tap into up to 85% CLTV, with loan amounts ranging from $125K to $500K. Whether they’re eyeing a new purchase or considering a cash-out, this program has them covered. It’s versatile, catering to both owner-occupied and second homes. Plus, with a minimum FICO of 680, it focuses on the primary wage earner’s middle score for qualification. And to add a cherry on top, the program offers the choice of full documentation or alternative docs like bank statements and 1099s. Your borrowers can confidently step forward, knowing mortgage lates won’t hold them back.
Need a Flex Second Lien loan scenario review
If you have a client scenario that you would like our team to review, please use our simple prequal submission form.
Offer your clients even more financing options by becoming an NQM Funding, LLC-approved broker. You’ll gain access to our competitive loan packages, flexible programs, and top-quality support service to ensure that your clients are getting the best deal, every time.
This information is intended for the exclusive use of licensed real estate and mortgage lending professionals in accordance with all laws and regulations. Distribution to the general public is prohibited. Rates and programs are subject to change without notice.
Texas Residents: Consumers wishing to file a complaint against a mortgage company or residential mortgage loan originator licensed in Texas should send a completed complaint form to the Department of Savings and Mortgage Lending (SML): 2601 N. Lamar Blvd., Suite 201, Austin, Texas 78705; Tel: 1-877-276-5550. Information and forms are available on SML's website: sml.texas.gov
Regulated by the Illinois Department of Financial & Professional Regulation - Illinois Residential Mortgage License # MB.6761251
100 W. Randolph, 9th Floor, Chicago IL 60601 - 1(888) 473-4858 - https://idfpr.illinois.gov
State of Illinois community reinvestment notice - The Department of Financial and Professional Regulation (Department) evaluates our performances in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.
Arizona Mortgage Banker License # 1004354
Delaware Lender License # 027932
MA Mortgage Broker License MC75597 | MA Mortgage Lender License MC75597
