What Is A 2nd Position Mortgage Loan | Valor Lending Group
Are you buying a new investment property?
Do you plan on buying a new investment property and need to pull cash out of other real estate owned for the down payment?
Are you going to need cash out from a current property owned to pay off a business purpose?
Do you need cash out from a current investment property to improve that investment property?
Valor Lending Group can fund your HARD MONEY 2ND POSITION MORTGAGE LOAN up to $10MM in as little as 7-10 days often times without an appraisal.
Valor is happy to announce that we are currently licensed in California, Arizona and NOW FLORIDA! We are excited for the opportunity to serve up EVERY loan in the book to the beautiful sunshine state and look forward to raising the bar in mortgage loan financing!
2nd Position Mortgage Loan Options have become one of the most requested programs to date.
At Valor Lending Group we take great PRIDE in the service we provide. We have a vested interest in satisfying your needs, since we rely on referrals and your repeat business.
2nd Position Loan Options:
- 2nd Position HELOC (Home Equity Line of Credit)
- Requires 2 years tax returns with a MAX DTI of 50%
- Up to 90% CLTV on owner occupied primary residence
- Typically 10 year draw period and 10 year pay back period on a 30 year amortization
- ONLY make payments on the balance drawn upon (like a big credit card)
- Close Ended 2nd Position (Owner Occupied and Investment)
- Qualify with 2 years tax returns OR 12-24 month bank statements for self-employed individuals
- Up to 90% CLTV on owner occupied and primary residence
- MAX DTI of 50%
- DSCR available up to 70% CLTV (no tax returns and no DTI calculated)
- Loan funded in one lump sum
- 2nd Position Business Purpose (Short Term Hard Money)
- 65% MAX CLTV behind a 1st TD bank loan
- Loan funded in one lump sum
- Short-Term Interest Only Loan up to 12-24 months
- No Prepayment Penalty
- 2nd Position Consumer Bridge (Owner Occupied ONLY)
- Departing residence required – leverage available equity in departing residence for down payment on your new primary residence while your departing residence sells
- 65% MAX CLTV behind a 1st TD bank loan
- Loan funded in one lump sum
- Short-Term Interest Only Loan for 11 months
- No Prepayment Penalty
No appraisal subject to lender discretion on a case by case basis
Needs for Quote (email Will the following):
- Property Address:
- Purchase Price (for Purchase):
- Property “as is” Value:
- Current Balance (for Refinance):
- Total Monthly Rents (confirm if long term or short term Airbnb leases):
- Monthly Taxes and Insurance:
- Approx. Credit Score:
- Vesting in and Entity or Individual name:
Other Programs Available
- Hard Money Loans
- Fix and Flip Loans
- Commercial Loans
- Save your Deal | We Save Deals
Recently Funded | Valor Lending Group
$1,044,550 Loan amount | Hard Money Bridge Loan | Purchase | 65% LTV | Murrieta, CA
$1,900,000 Loan amount | Full Doc Jumbo Loan | Cash Out Refi | 31% LTV | Mirage, CA
$1,430,000 Loan amount | 24 Month Bank Statement Loan | Purchase | 65% LTV | Phoenix, AZ
$2,625,000 Loan amount | Ground up Construction Loan | Purchase | 65% LTV | Malibu, CA
$1,905,000 Loan amount | Fix and Flip Loan | Purchase | 90/100 LTV | Palos Verde, CA
$2,645,000 Loan amount | Ground up Spec Construction Loan | Purchase | 65% LTV | Palm Springs, CA
$712,500 Loan amount | DSCR Loan | Cash Out Refi | 75%LTV | 70% LTV
$4,013,750 Loan amount | Full Doc Jumbo Loan | Rate& Term Refi | 75% LTV | Newport Beach, CA
$592,500 Loan amount | DSCR Loan | Purchase | 75% LTV | Seattle, WA
$1,950,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 70% LTV | Berkeley, CA
$3,100,000 Loan amount | 12 Month Bank Statement Loan | Purchase | 43% LTV | Coronado, CA
$1,790,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | Berkeley, CA
$1,008,000 Loan amount | Full Doc Jumbo Loan | Purchase| 80% LTV | Anaheim, CA
$1,740,000 Loan amount | Hard Money 2nd Position Bridge Loan | Cash Out Refi | 61% CLTV | Berkeley, CA
$4,775,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 62% LTV
$505,000 Loan amount | Full Doc FNMA Loan | Purchase | 85% LTV | Ventura, CA
$2,100,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 51% LTV | S. Carolina
And many more.
We do them all, so give me a call!
We are NEVER too busy for your referrals!
WE SAVE DEALS!
TRUST US TODAY!
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans
- High Balance Conforming aka Super Conforming
- Jumbo’s to $10 Million / 10% down Jumbo to $1.5mm
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
**Rates and terms subject to change without notice
We are never too busy for your referrals!
For the most up to date mortgage news visit: Mortgage News Daily
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