Non-QM Closed-End Second: Unlock Your Equity Without Refinancing

Blog posted On April 02, 2026

Here’s a thought: what if you could utilize your equity WITHOUT refinancing? For self-employed earners (small business owners, real estate investors, etc.), we now offer two options through our Non-QM Closed-End Second programs: Non-QM Edge and Non-QM Advantage. Through them, borrowers can tap into their home equity with a standalone second lien and withdraw a one-time lump sum. This repayment provides a fixed interest rate, allowing homeowners predictability with their monthly payments.

NEW! Non-QM Edge Closed-End Second (CES)

Non-QM Edge CES offers flexible income documentation options to help homeowners and real estate investors leverage equity without refinancing their first lien.

• Flexible Income Documentation:
  • Full Doc & Bank Statement: Perfect for small business owners and non-traditional earners
  • DSCR Options: Allows real estate investors to tap into equity without traditional income verification. This could provide a way to leverage investment properties to make updates, or cover expenses, etc.
• Max CLTV:
  • Full Doc/Express: 90%
  • Bank Statement: 85%
  • DSCR: 75%
• Max Loan Amount:
  • Full Doc/Express: $750,000
  • Bank Statement: $750,000
  • DSCR: $350,000
• Minimum Credit Score:
  • Full Doc/Express: 680
  • Bank Statement: 720
  • DSCR: 700
• Primary, second homes, and investment properties

NEW! Non-QM Advantage CES

This program is ideal for borrowers who want to leverage equity for cash needs while maintaining their existing first mortgage and benefiting from a fixed monthly payment.

• Max CLTV: 85%
• Max Loan Amount: $500,000
• Requirements:
  • Full Doc/Express
    • Loan amounts up to $500,000
    • Minimum credit score: 680
  • Bank Statement (12 or 24 months)
    • Loan amounts up to $500,000
    • Minimum credit score: 700
  • Note: No DSCR option
• Primary and second homes

Why Non-QM Closed-End Second?

• Access home equity without disturbing your first mortgage
• One-time lump sum payout
• Fixed-rate, predictable monthly payments
• Designed for self-employed borrowers

Self-employed home buyers, are you ready to tap into your home equity? Save the effort of refinancing and withdraw what you need, when you need it. Ready to dive deeper and discover if these Non-QM options are right for you? Reach out to learn more!

This product may have higher interest rates, more points, or more fees than other products requiring documentation.