Income types

Closed-end second mortgages.

Borrowers who want cash from their equity without touching a good first mortgage, on a primary, second home, or investment property.
Programs and matricesGuidelines PDF(opens in a new tab)Get pricing

2 cakes take closed-end second.

Search ranges: 680 score, 80% CLTV, $1,000,000. Programs within these separate ranges come first. Check the matrix to confirm the combination.

What the file needs.

Read the published guidelines for the documentation rules and program requirements.

Read the guidelines (PDF, opens in a new tab)

Check a scenario.

Enter your credit score, LTV or CLTV, and loan amount to find programs to review. Confirm your exact combination in the matrix.

Income or loan type

CLTV includes the first mortgage and the new second lien, divided by the property value.

1 program to review

These programs meet separate published ranges. Score, LTV and loan amount limits may not apply together. Check the matrix for your exact combination, purpose and property.

  • Funnel Cake660+ · 90% CLTV · $1MOpen matrix PDF

Try a different search

Price it with an AEClosed-end second: every cake

Confirm eligibility with the matrix and guidelines before quoting or submitting a file.

Other ways to document income

Have one of these files?

Talk it through with an account executive at (833) 717-0401 before you submit, or apply to become a partner and submit in TPO Connect.

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