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100% Second Mortgage
Nationwide offers premium 100% second mortgages and fixed rate refinance loans with no equity needed. We provide nearly 100 options with our 2nd mortgage products, but the 100% second mortgage has become one of the most popular subordinate liens in years. Whether you need to refinance adjustable rate credit card debt, take cash out for financing home improvements, or refinance a variable rate credit line, we offer 100% loans with competitive interest rates.
As the interest rates rise, people like the flexibility of taking a second loan out and accessing cash up to the appraised value of your home. The 100% 2nd mortgage and refinance products offer low competitive rates, and with the Fed on a rate hiking rampage, it may be a good idea to lock into a 100% fixed interest rate amortization schedule.
Fixed rate & variable rate second mortgage loans up to 100% combined loan to value.
First Time home-buyers OK! Credit Rating: Good/Fair or Excellent. Key qualifiers: residual income, credit score, and full documentation.
- 100% Second Mortgages - Fixed Rate
- 100% Home Equity Line of Credit - Variable Rate
- 100% Stated Income 2nd Mortgage
- 100% Stated Value Second Mortgage
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Lock into a fixed rate with 100% second mortgages! |
| Do I need to pay mortgage insurance when taking out a 100% second mortgage? |
| No mortgage insurance or PMI is ever required with our second mortgages. Whether you are borrowing 100 or 125%, we will not require you to add mortgage insurance. |
100% Second Mortgage Loans |
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Fixed Rate Low Monthly Payments |
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No Equity Required! |
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Loans to 100% of home value |
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Cash Out for Debt Consolidation |
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Save Thousands of Dollars a Year |
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Refinance Loans for All Types of Credit |
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Consolidate all of your Bills into One Low monthly Payment. |
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Combine 1st & 2nd Mortgage together |
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No Income Verification |
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1st time Homebuyer Programs |
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More Popular Second Mortgage Loans to Consider: |
Please view the popular 2nd mortgage products below. If you need more information, Please select the loan that interests you most. To get more details click the relevant link below to get more information and helpful advice. |
| 125% Second Mortgage |
90% 2nd Mortgages |
2nd Mortgage Rates |
| 80% Prime Rate Loans |
105% 2nd Mortgages |
115% CLTV |
*2nd mortgage approvals are subject to submitting an application to Nationwide Mortgage Loan Company. The essential conditions for approvals are underwriting qualifications such as: verification of income, employment, assets and other information like obtaining an acceptable property. |
Should I Finance a Second Home for Investment Purposes with a
Fixed or Adjustable Rate Mortgage? |
If you do not have the cash to put down on a second home, but have equity in your primary residence or other property you could utilize it in purchasing your investment property through a home equity loan or 2nd mortgage, and refinancing your current mortgage. Twenty-eight percent of investors with an investment property mortgage used their primary residences to procure down payment funds and you may be able to do the same. If you have not taken advantage of the lower rates since you purchased your primary residence, mortgage financing is something you should consider immediately while the rates are still low even if you are not looking at an investment. |
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