What is it?
DirectLenderMatch classifies Non-QM Second Mortgage under the financing form “Junior mortgage.” Its typical use in this directory is: Second lien for borrowers outside agency standards.
How does it work?
The structure is generally evaluated, supported, or secured using the following basis: Home equity + alternative underwriting. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.
What can it be used for?
Second lien for borrowers outside agency standards.
What backs or supports it?
Home equity + alternative underwriting.
Why does this structure exist?
This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.
Important considerations
Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.
Is this actually a loan?
Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.
Verified lenders or providers
Direct / platform lender
Figure Lending
Use only if DLM defines this page broadly enough to include nontraditional second-lien home-equity products.
Figure's HELOC is a junior-lien home-equity product.
Official evidence page →Last verified: 2026-08-23
Direct/wholesale mortgage lender
Luxury Mortgage Corp.
Luxury Mortgage's current pricing tool includes second-lien Simple Seconds.
Official evidence page →Last verified: 2026-08-23
Direct mortgage lender
Total Quality Lending
TQL's current guidelines include investor DSCR second mortgages and non-agency second mortgages.
Official evidence page →Last verified: 2026-08-23
Related financing structures
Bank Portfolio Mortgage
Loan held on lender balance sheet outside agency execution
Asset Depletion Mortgage
Asset-rich borrowers with limited conventional income
Bank Statement Mortgage
Self-employed borrowers qualifying from bank statements
Hard-Money Residential Real-Estate Loan
Fast/private financing when conventional underwriting does not fit
ITIN Mortgage
Borrowers without SSN who have eligible ITIN profile
Private-Money Residential Mortgage
Private lender mortgage outside institutional channels