Black Diamond CES
Tap what you’ve earned, without giving up your first.
- Loans up to $1,000,000 with a minimum of $100,000
- Cash-out or rate-term refinance
Owner-occupied, second homes, and investment properties - Full doc (2 years’ tax returns and YTD P&L, or 2 years W-2’s with YTD pay stubs for non-self-employed)
- Rates are 30-year fixed, 20-year fixed, 15-year, or 10-year fixed
- Can never have had a foreclosure, short sale, modification, or deed-in-lieu; 60 months’ seasoning from bankruptcy required
Up to 50% DTI
Min FICO
680
()
Max LTV
85%
(Min 740 FICO)
Rockstar Wholesale’s Stand-Alone Second Mortgage program. These loans enable borrowers to tap into their home’s equity while retaining their first mortgage. With this product, borrowers receive a lump-sum payment and there are no restrictions on how borrowers can use the funds.