Closed-End Second Mortgage

State Restrictions:
Primary Residence/Second home properties are eligible in the following states: AL, AR, AZ, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, KS, KY, LA, MD, ME, MI*, MN, MO, MS, NC, NE, NH, NM, NV, OH, OK, OR, PA, RI, SC, TX, VA, WA, WI. Investment properties are eligible in the following states: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI*, MN, MO, MS, NC, NE, NH, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WI. Investment properties do not require broker to be licensed for Wholesale loans in the following states: AL, AR, CO, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MO, MS, NH, NM, NY, OH, OK, PA, RI, SC, TN, TX, VA, WA, WI. Investment properties do not require sellers to be licensed for Non-Delegated loans in the following states: AL, AR, CO, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MO, MS, NE, NH, NM, NY, OH, OK, PA, RI, SC, TN, TX, VA, WA, WI. *MI requires broker state license for subordinate liens. This guide does not constitute legal advice and brokers and sellers are responsible for ensuring that they are properly licensed.