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Loan Programs for Every Scenario

From Non-QM to Conventional, the program lineup offers all the products you need to serve all your clients.

Closed End Second Loans

Fixed-rate second lien financing without disrupting the first.

M1TPO's Closed End Second gives brokers a clean, fully-amortizing second-lien option for borrowers who need to access equity without refinancing a low-rate first. Available across primary residence, second home, and investment property, with unlimited cash-out eligibility.

$50K–$500K Loan Amounts10–30 Year FixedUp to 85% CLTVUnlimited Cash-Out680 Min FICOInvestment & 2nd Home OK
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Closed End Second (CES) Matrix

Program Highlights

  • Loan amounts from $50,000 to $500,000
  • Up to 85% CLTV on owner-occupied (740 FICO, $50k–$250k)
  • Available on primary residence, second home, and investment property
  • Unlimited cash-out eligibility
  • 680 minimum FICO

Quick Specs

Loan Amount$50,000 – $500,000
Min FICO680
Max CLTV85% (owner-occupied, $50k–$250k, 740 FICO)
OccupancyPrimary, Second Home, Investment
Max DTI50% Primary / 45% 2nd Home & Investor (or DU/LP)
Payment History0x30x12
Housing Event Seasoning4+ years
Interest OnlyNot eligible
Cash-OutUnlimited

Best Fit For

  • Borrowers needing equity access who don't want to refinance a low-rate first lien
  • Cash-out scenarios for renovations, debt consolidation, education, or major life events
  • Investor and second-home borrowers tapping equity without touching the first
  • Borrowers who prefer the predictability of a fully-amortizing fixed payment

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