Certified Funding : 2nd Lien Specialists
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Sample Rates for Home Equity Loans
For 700+ scores on the lowest scoring borrower and a max debt ratio of 45%. Other underwriting factors may apply. Second liens only. Minimum loan amount $10,000. Closed End fixed rate loans only (no lines of credit). Rates and fees are subject to change.

15 Year
Rate
20 Year or
30/15 Balloon Rate
Up to 90% CLTV
Max loan amount $300K
5.25%5.50%
90.1 to 95% CLTV
Max loan amount $250K
5.99%6.25%
95.01 to 100% CLTV
Max loan amount $250K
6.99%7.25%
Add 0.5% to rate for credit scores of 660-699
Add 0.5% to rate for a previous bankruptcy (must be discharged a minimum of 5 years)

Examples
The payment on a $75,000 2nd lien with a 15 year fixed rate loan at 5.25% and a 90% CLTV is $602.91. The Annual Percentage Rate is 5.3842%.

The payment on a $75,000 2nd lien with a 20 year fixed rate loan at 6.25% and a 95% CLTV is $548.20. The Annual Percentage Rate is 6.3601%.

The payment on a $75,000 2nd lien with a 30/15 fixed rate balloon loan at 7.25% and a 100% CLTV is $511.63. The Annual Percentage Rate is 7.355%. The balloon payment after 179 payments would be $56,559.51

Home Equity Loan Application »
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Phone: 800.747.7998
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