Second Mortgage

Loan Program

Second Mortgage

At Fundrock Capital, a leading mortgage lender, we offer second mortgages, unlocking the equity in your home for various needs. Whether it’s for home improvements, debt consolidation, or education expenses, our solutions are flexible and tailored to your unique financial requirements. We provide competitive interest rates, flexible repayment terms, and no prepayment penalties, allowing you to pay off your loan early without extra fees. With loan amounts up to $500,000 and DTI up to 50%, our options cater to owner-occupied homes, second homes, investment properties, and Foreign Nationals. Contact us today to leverage the equity in your home with our mortgage products and start tapping into your home’s financial potential.

LOAN CRITERIA

Collateral

Non-Owner Occupied Single-Family Properties; Condos; Townhomes

Term:

12 – 24 Months

Loan Amount:

$100k* – $2M *Based on Max Loan Amount

Minimum Property Value:

$150k** **As-Completed Value

Rates:

Starting at 10.99%

Minimum FICO:

650

New Construction
Loan Program Typical Leverages

ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS

TIER 1

Completed 10 or More Ground Up Construction Projects

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 75% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 80% of the As-Is Value

Up to 75% of the As-Is Value

Up to 80% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 75% ARV

TOTAL LOAN-TO-COST

Up to 75% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 72.5% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 72.5% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 75% ARV

TOTAL LOAN-TO-COST

Up to 75% ARV

TIER 2

Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 75% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 75% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 70% ARV

TOTAL LOAN-TO-COST

Up to 70% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 72.5% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 72.5% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 70% ARV

TOTAL LOAN-TO-COST

Up to 70% ARV

TIER 3

Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 70% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 72.5% of the As-Is Value

Up to 70% of the As-Is Value

Up to 72.5% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 67.5% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 67.5% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

TIER 4

New Customer

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 70% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 70% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 65% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 65% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

At least one borrower or guarantor must have the number of qualifying pieces of experience as dictated above or equivalent experience in the past three (3) years and at least one (1) year in the business of acquiring real estate for investment purposes or renovating real estate.

Second Mortgage

Second Mortgage

LOAN CRITERIA

LOAN CRITERIA

Collateral

Term:

Loan Amount:

Minimum Property Value:

Rates:

Minimum FICO:

New Construction Loan Program Typical Leverages

TIER 1

PURCHASE

PURCHASE

REFINANCE

REFINANCE

TIER 2

PURCHASE

PURCHASE

REFINANCE

REFINANCE

TIER 3

PURCHASE

PURCHASE

REFINANCE

REFINANCE

TIER 4

PURCHASE

PURCHASE

REFINANCE

REFINANCE

READY TO GET STARTED?

New Construction
Loan Program Typical Leverages