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AVM's for Second Mortgages
Nationwide Mortgage Loans offers free AVM's for a limited time for borrowers seeking 125% second mortgages with qualified credit scores. AVM stands for "Automated Value Module." This is a very popular 2nd mortgage program for 1st time homebuyers seeking cash out.
Most borrowers like AVM's because it speeds up the loan process because no formal appraisal is required. AVM's consider comparable sales in the neighborhood just like the URAR appraisals do.
Get a quick quote from our experienced loan officers, who specialize in automated second mortgage loans.
If you are considering utilizing the equity in your home, we suggest taking a moment out to get a free assessment from the 2nd mortgage experts at Nationwide.
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What is your home equity worth? |
As interest rates for first mortgages begin to rise, now may be the time to get a 2nd mortgage to pay off your adjustable rate equity line of credit or simply to consolidate any high rate credit card debt into a simple interest loan with a fixed rate.
Second Mortgage Program - AVM |
2nd Loan Purpose |
Debt Consolidation Home Improvement Cash Out |
Primary Residence, Owner Occupied
Full Documentation and No Income Documentation
Single Family Residence 1-4 unit Condo unlimited stories |
Credit Score |
Maximum Loan
Amount |
CLTV |
DTI |
(720+) |
$150,000 |
125% |
50% |
$250,000 |
100% |
50% |
| $300,000 |
90% |
45% |
| (680-719) |
$150,000 |
125% |
50% |
| $200,000 |
100% |
45% |
| $300,000 |
80% |
45% |
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| Resource Tools |
ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit?
Find the best loan in your state
Call for Free Loan Consultation
1-877-212-9478
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