At Independent Home Finance Inc., we specialize in second mortgages designed to help Sacramento homeowners and investors unlock the equity in their properties. Whether you’re in Midtown, Land Park, or Natomas, our tailored second mortgage solutions provide fast, flexible access to funds without affecting your first mortgage.
Why Choose a Sacramento Second Mortgage?
Sacramento’s growing real estate market and high demand for rental properties make second mortgages an excellent way to leverage your property’s value. Our second mortgages are ideal for those looking to:
- Fund property improvements, like adding an ADU or upgrading historic homes.
- Expand their business or purchase additional properties in Sacramento’s thriving market.
- Access quick cash for urgent financial needs or energy-efficient upgrades.
Key Benefits of a Second Mortgage
Quick Access to Cash
Funding is available within two to 4 weeks.
Low Documentation
We focus on the property’s value rather than extensive income verification.
Nationwide Coverage
Our services are available in CA, CO, TX, and throughout the U.S.
A second mortgage from Independent Home Finance Inc. provides fast, flexible access to your property’s equity for business or investment needs, without impacting your primary mortgage.
Second Mortgage Options in Sacramento
We offer three versatile second mortgage solutions to meet your specific needs:
1. Hard Money/Private Second Mortgage
- Loan Purpose: Business purposes for non-owner-occupied properties nationwide and owner-occupied properties in California.
- Terms: 12-192 months with interest-only payments.
- Property Types: Multi-unit, commercial, single-family, condos, townhomes, and investment properties.
- Closing Time: 3-10 business days for rapid access to funds.
2. 30-Year Fixed Rate Second Mortgage
- Loan Purpose: A consumer-purpose loan for debt consolidation, home improvement, or other personal financial needs.
- Terms: 5-30 year terms.
- Property Types: Single-family homes, multi-units, condos, and townhomes for both primary and investment purposes.
- Closing Time: 21-30 days.
3. Reverse Mortgage Second Lien
- Eligibility: Homeowners aged 66+ with a minimum 680 FICO score.
- Loan Purpose: Ideal for home improvements, debt consolidation, or stabilizing retirement income.
- Terms: 30 years.
- Property Types: Single-family homes, condos, and townhomes as a primary residence.
- Closing Time: 21-30 days.
Why Sacramento Homeowners Choose Us
Sacramento’s unique blend of historic charm and modern development creates ample opportunities for leveraging home equity. Here’s why clients from East Sacramento to South Natomas trust Independent Home Finance Inc.:
- Local Expertise: We understand the unique needs of Sacramento residents and investors.
- Customized Solutions: Tailored options to fit your financial goals.
- Proven Track Record: Decades of experience serving clients across California.
Common Second Mortgage Questions:
How Does a Second Mortgage Work in Sacramento?
Second mortgages are a simple and efficient way to access your home’s equity. Here’s how the process works:
- Application: Provide details about your property’s value and existing mortgage.
- Evaluation: We assess your property’s equity and determine the loan-to-value ratio.
- Approval & Funding: Receive a lump sum, typically within 10-30 days.
These loans hold a second lien position, meaning they’re subordinate to your first mortgage.
Business Purpose vs. Consumer Purpose Second Mortgages
Business Purpose:
For Sacramento investors and business owners looking to:
- Expand a business.
- Acquire or renovate investment properties.
Consumer Purpose:
For homeowners seeking:
- Debt consolidation.
- Property improvements, like energy-efficient upgrades or ADU construction.
Key Requirements for Sacramento Second Mortgages
- Existing First Mortgage: An active mortgage must already exist on the property.
- Property Equity: We lend up to 90% of the loan-to-value ratio based on your property’s equity.
- Appraised Value: We use AVM, BPO, or professional appraisals to determine value.
Final Thoughts: Is a Sacramento Second Mortgage Right for You?
If you’re looking for a fast, flexible way to access your property’s equity, a second mortgage with Independent Home Finance Inc. is an excellent option. With tailored solutions for Sacramento homeowners and investors, we’ll help you unlock your property’s potential.
Ready to Get Started?
Complete the form below to get a quick response and speak with a loan specialist in Sacramento today!
How much do you qualify for?
For Regular Information Follow Us On Social Media!
