You’re likely eligible with meaningful equity (CLTV under ~80–85%), solid credit, verifiable income, and an eligible property. Primary homes get the best pricing; second homes and rentals are possible with select lenders.
Borrower factors
Lenders assess credit, income stability, and DTI. Strong equity can offset a borderline factor, and the fixed structure makes qualifying straightforward once value is confirmed.
Property factors
Primary residences get the widest options; second homes and investment properties qualify with fewer lenders at lower CLTV. Condos and 2–4 units are generally eligible.
Frequently asked questions
Can self-employed borrowers qualify?
Yes — some lenders accept bank-statement documentation. We match you to one that reads self-employed income fairly.
Will it change my first mortgage?
No. It’s a separate second lien, so your existing first mortgage and its rate remain untouched.
Is there a minimum loan amount?
Lenders set minimums (often $25k–$50k). We’ll confirm which lenders fit your target amount.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.