No Equity Second Mortgage Loans

No Equity Second Mortgage Loans allow you to take cash out of your home when you have not owned your home, long enough for it to appreciate or if you live in a geographical region where homes do not appreciate significantly.

APPLY Now - 1 minute! No Credit Check and No SSN required to match you to a loan! Credit scores of 600 & above, qualify.

 
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A No Equity Second Mortgage Loan can take the form of a No Equity Home Equity Loan or a No Equity HELOC (Home Equity Line of Credit). Clients can get between $30,000 to $100,000 after completion of a no equity second mortgage loan transaction.


A No Equity Loan is sometimes referred to as any of the following: No Equity HELOC Loan, No Equity Second Mortgage Loan, 125% LTV Mortgage Loan or No Equity Home Equity Loan.

No Equity Home Equity Line of Credit Loans, No Equity HELOC Loans, No Equity Second Mortgage Loans, 125% LTV Mortgage Loans, No Equity Home Equity Loans offered in all 50 states including: Alabama (AL) Alaska (AK) Arizona (AZ) Arkansas (AR) California (CA) Colorado (CO) Connecticut (CT) Delaware (DE) Florida (FL) Georgia (GA) Hawaii (HI) Idaho (ID) Illinois (IL) Indiana (IN) Iowa(IA) Kansas (KS) Kentucky (KY) Louisiana (LA) Maine (ME) Maryland (MD) Massachusetts (MA) Michigan (MI) Mississippi (MS) Missouri (MO) Montana (MT) Nebraska (NE) Nevada (NV) New Hampshire (NH) New Jersey (NJ) New Mexico (NM) New York(NY) North Carolina (NC) North Dakota (ND) Ohio (OH) Oklahoma (OK) Oregon (OR) Pennsylvania (PA) Rhode Island (RI) South Carolina (SC) South Dakota (SD) Tennessee (TN) Texas (TX) Utah (UT) Vermont (VT) Virginia (VA) Washington (WA) West Virginia (WV) Wisconsin (WI) Wyoming (WY) New York (NY) Los Angeles (LA) Chicago Baltimore Washington D.C. (DC) Los Vegas Philadelphia Boston New Orleans Los Angeles Seattle Miami Tampa Arizona Memphis Charlotte Dallas Minneapolis Tulsa Cincinatti Las Vegas Detriot Pittsburgh Charlotte Oakland Austin Denver Phoenix San Diego Sacramento Raleigh Portland

No Equity Second Mortgage Loan Qualifications

Applicants with a FICO credit score of 650 or above are preferred applicants for No Equity Second Mortgage Loans. This ensures that the loan application is processed smoothly and quickly.

If you have bad credit or a low credit score below 600 - Click Here to get a home equity loan or HELOC - 1 minute application.

Interest Rates
15 Year & 30 Year Fixed Interest Rates retain the same principal and interest over their lifetime. They usually have slightly higher interest rates than Adjustable Rate Mortgage (ARM).

Conforming VS. Jumbo Loans: A conforming loan is a mortgage below $417,000. They tend to have lower interest rates than non-conforming loans or "Jumbo Loans" (loans above $417,000.)

Adjustable Rate Mortage (ARM) Adjustable rate loans (e.g. 5/1 ARM, 7/1 ARM) have the same interest rate & principal for a period of time and then they adjust. For example, a 5/1 ARM will have same interest rate for 5 years and then adjust yearly. They have lower interest rates than fixed mortgage loans. They are best suited to consumers, who plan to sell their homes in 3, 5 or 7 years.