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Key Highlights
The Benefits
Keep Your First Mortgage
Access equity without refinancing.
No Personal Income Required
Qualify using rental cash flow.
Preserve Your Low Rate
Maintain your existing first mortgage.
What's Required
Investment Property
Property must generate rental income.
Available Equity
Sufficient equity is typically required.
DSCR Qualification
Property cash flow must qualify.
The Ins & Outs
How it Works
A 2nd Lien DSCR loan allows real estate investors to access the equity in an eligible investment property without replacing their existing first mortgage. Instead of qualifying with personal income, these programs use the property's cash flow to determine eligibility.
Whether you're expanding your portfolio, renovating properties, or consolidating investment debt, a 2nd Lien DSCR loan can provide flexible financing while preserving your current first mortgage.
Example Scenario
An investor owns a rental property with a low-interest first mortgage and significant equity. Rather than refinancing into today's higher rates, they use a 2nd Lien DSCR loan to access equity for the purchase of another investment property.
What is a 2nd Lien DSCR loan?
A 2nd Lien DSCR loan allows eligible investors to borrow against the equity in an investment property while keeping their existing first mortgage in place.
How do I qualify?
Qualification is primarily based on the property's debt service coverage ratio (DSCR) rather than your personal income.
Can I keep my current mortgage?
Yes. A 2nd Lien DSCR loan is designed to leave your existing first mortgage unchanged.
What can I use the funds for?
Many investors use the proceeds to purchase additional properties, renovate rentals, or access capital for other investment purposes.
How much can I borrow?
Loan amounts depend on the property's value, available equity, rental income, and the lender's guidelines.
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