Programs
Closed-End Second (Owner Occupied)

Closed-End Second (Owner Occupied)

Min. FICO 660
Max CLTV up to 90%
Max DTI 50%

Program Overview:

Legions Capital’s primary equity-retention tool. This product allows homeowners to access a fixed-rate lump sum for debt consolidation or renovations while keeping their existing low-rate first mortgage intact.

Broker Advantage:

  • Protect Your First: Keep your low 3% or 4% primary mortgage and pull up to $750,000 in cash.
  • Leverage: Maximize home value with CLTVs up to 90%.
  • Lump-Sum Funding: Predictive, fixed monthly payments with entire loan amount at closing.
  • Retain Your Rate: Strategic alternative to cash-out refi when current interest rate is too valuable to lose.

Highlights:

  • FICO: Minimum 660 required.
  • CLTV: Up to 90%.
  • Ratios: 50% DTI cap.
  • Loan Amounts: $50,000 to $750,000.
  • Reserves: None required on stand-alone transactions.
  • Documentation: Full Doc, Bank Statement, and WVOE options available.

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DSCR FAQ

Are investment properties eligible?

Yes. This program is designed for investment properties.

Can DSCR be used?

Yes. DSCR qualification is available.

What loan amounts are available?

$50,000 to $750,000.

What documentation options exist?

Full Doc, Bank Statement, WVOE, P&L, or DSCR.

What is the maximum CLTV?

Up to 80% CLTV.

Exlpore more Closed-End Second (Owner Occupied) Loan Programs

Closed-End Second (Non-Owner Occupied)

Min. FICO 660
Max CLTV up to 80%
  • Loan amounts from $50,000 to $750,000
  • Full Doc, Bank Statement, WVOE, P&L Only, and DSCR (min DSCR 1.00)
  • Max combined lien balance up to $5,000,000

Closed-End Second (Second home)

Min. FICO 660
Max CLTV up to 85%
  • Loan amounts from $50,000 to $750,000
  • Full Doc, Bank Statement, WVOE, and P&L Only available
  • Max combined lien balance up to $3,000,000

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Weekdays 8 am to 9 pm EST
(833) 553-0505
21800 Burbank Blvd Suite
#100, Woodland Hills, CA 91367
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Legions Capital, Inc. is an Equal Housing Lender. NMLS ID #1553947. 21800 Burbank Boulevard, Suite 100, Woodland Hills, CA 91367. 833-553-0505. State Licensing: Legions Capital, Inc. is licensed by: AZ #BK-2008712 “Arizona Mortgage Banker License”; CA #60DBO-64540 “Licensed by the Department of Financial Protection and Innovation under the California Financing Law”; CO “Mortgage Company Registration”; CT #ML-1553947 “Mortgage Lender License”; FL #MLD2349 "Mortgage Lender Servicer License"; GA #1553947 “Mortgage Lender License/Registration”; MI #FL0026913 “1st Mortgage Broker/Lender Registrar”; OR #1553947 “Mortgage Lending License”; PA #116958 "Mortgage Lender License"; SC-BFI #MLS-1553947 “Mortgage Lender/Servicer License”; TN #1553947 ”Mortgage License”; TX-SML “Mortgage Banker Registration”; WA #CL-1553947 “Washington Consumer Loan Company License”; WI #1553947BR “Mortgage Banker License”. Verify our licenses at: www.nmlsconsumeraccess.org. Texas Consumers: Click here to view the Texas Consumer Complaint & Recovery Fund Notice. Availability: Loan approval and rates are dependent upon applicant’s credit, collateral, financial history, and program availability at time of origination. Programs and rates are subject to change without notice and may or may not be available at the time of loan commitment or lock-in.
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