Closed End Second Lien Mortgage Program from Verus

With our Closed End Second Lien Mortgage Program, your borrowers can access the equity in their homes without impacting the interest rate on their primary mortgages.


  • Maximum loan amount $500,000
  • Maximum CLTV of 90%
  • Minimum credit score 680
  • Standard and alternative income documentation (12 & 24 months)
  • Occupancy – primary residence, second home & investment
  • Simultaneous & stand-alone transactions

Are your borrowers looking to access a significant amount of money? If they have ample equity in their home, a Closed End Second Lien Mortgage could be a suitable solution. Offer your borrowers a product to cover substantial expenses such as major repairs, tuition, home renovations, debt consolidation, and other financial needs.

Closed-end financing means the borrower will receive the entire loan amount in one lump sum. They will be locked into a set loan term, with monthly payments required for the duration of that term. Verus’ Closed End Second Lien Mortgages are well-suited for borrowers who plan to reside in their home for an extended duration.


Benefits to Your Borrower:

  • Quickly receives money
  • Funds can be utilized for various financial needs
  • Fixed interest rate
  • Fixed monthly payment
  • Lower interest rate than credit cards

Our Programs

Our non-QM programs break through the barriers that keep creditworthy borrowers from the financing they need, through proven processes and common-sense underwriting.