Access Your Property’s Equity Easily!

If you have equity in your property and want to take some cash out without refinancing your 1st mortgage, the Eclipse Funding 2nd Lien Loan Program is ideal for you. This program allows you to maintain your favorable rate on your 1st mortgage while leveraging your property’s equity.

Designed for:

Owner-Occupied (OO) properties (Only in FL)
Non-Owner Occupied (NOO) properties (Nationwide)
Mixed-Use Properties (Case by Case)
1 to 4 Units
Condos & Townhomes
Planned Unit Developments (PUDs)

Nationwide Availability:

The Eclipse Funding 2nd Lien Loan Program is available in all 50 states!

Program Guidelines:

Loan Amounts: $50,000 to $500,000
Amortization:30-Year Fixed
Interest Rate: 9% to 18%
Minimum FICO:
- 660 for Owner-Occupied (OO)
- 680 for Non-Owner Occupied (NOO)
Maximum LTV:
- Up to 85% for OO
- Up to 75% for NOO
Prepayment Penalty: Up to 5 years (No PPP Option available)
Appraisal: Needed
Reserves: 0 to 12 months
Funding Time: As soon as 10 days

Minimum Requirements:

Must be able to show proof of income
Application Fee $295 WAIVED
A Tri-Merge Credit Report fee of $57
A valid Driver’s License or State ID
Must have a Checking Account
A Social Security number-

Stand-Alone 2nd Lien – Checklist

2yrs Recent Personal Tax Returns (all pages)
3 months Recent Bank Statements (all pages)
CD Contact Form (download from our website)
Disclosures (It will be emailed to you)
Driver’s license or State ID. (Must be color for verification purposes)
HOA (if any)
Mortgage Statement
Personal Financial Statement (download from our website)
Property Insurance
Real Estate Tax
Social Security card

Here are the steps moving forward

Subject Property Address in Subject Line when sending back the documents.
Budget of project, purchase price, or Loan Amount.
After Repair Value if Fix and Flip or Current Value if DSCR / Refinance
Down Payment -Bank Statement or Statement for down payment if applicable.
Check your credit scores here:/ send or upload a copy of the report and all scores.
Please send me a copy of your credit report with scores and the attached documents.
Please see the attached loan application, credit authorization and all documents needed to move forward.

Send all documents on checklist to:info@myfundingmentor.com