Is your client looking to access the equity in their home without impacting their primary mortgage interest rate?

Hometown Equity Mortgage has you covered.
Introducing

theSECOND

A stand alone equity second that allows homeowners to access the equity in their homes without losing their low interest rate firsts.

Loan Amounts up to $550k
FICOs starting at 660
O/O Full Doc max 80% CLTV
O/O Bank Statements max 80% CLTV
N/O/O Full Doc max up to 80% CLTV
N/O/O Bank Statement max up to 75% CLTV
Max DTI up to 50%
No Assets required
Now doing 2-4 units
O/O: Use original appraisal within 12 months and Appraisal Review or New appraisal with AVM is required
N/O: Use original appraisal within 12 months and Appraisal Review or New 2055 appraisal and appraisal review
Combined Liens up to $2.5MM
Now Allowing 1^st lien to have I/O features (Max DTI 45%)

NOW ALLOWING “Alt Doc”
NOW ALLOWING 1- & 2-year documentation options for all doc types, including Personal Bank Statements, Business Bank Statements, and 1099 documentation options.
Approved in more states
Maximum loan amount up to $500K
Minimum loan amount to $75K
Cash Out up to $500K
Minimum FICO lowered to 680
2^nd homes allowed to 80%
Investment transactions allowed to 75%
Maximum DTI increased to 50% for LTVs ≤ 80%
AVMs now allowed for loan amounts ≤ $250K