$1,000,000 to $1,500,000
1.5 years
10% - 12%
Loan Type Commercial Loan, Second Mortgage
Property Type Gas Station, Mixed use, Multi Family, Retail
Delaware Second Mortgage Lenders
Below is a list of 9 Lenders that offer second mortgage in Delaware. Interest Rates vary on a case-by-case basis but are typically offered from 6% to 12%. In addition, these lenders provide loans amounts from $75,000 and $50,000,000.
Top 10 Cities to Get a Second Mortgage in Delaware: A Comprehensive Guide
Securing a second mortgage can provide homeowners in Delaware with valuable financial flexibility, enabling them to pursue home improvements, debt consolidation, or other significant investments. With its mix of historic towns, coastal communities, and vibrant urban centers, Delaware offers numerous opportunities for accessing home equity and obtaining favorable loan terms. In this guide, we’ll explore the top 10 cities in Delaware where homeowners can find advantageous conditions for obtaining a second mortgage.
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Wilmington:
As the largest city in Delaware, Wilmington boasts a diverse economy and a competitive real estate market. Homeowners here have access to a variety of lenders offering competitive interest rates and flexible loan options for second mortgages. With its proximity to major East Coast cities and cultural attractions, Wilmington presents an attractive option for borrowers seeking to tap into their home equity.
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Dover:
As the capital of Delaware, Dover offers a blend of historic charm and modern amenities. The city’s stable housing market and competitive interest rates make it an appealing destination for homeowners considering a second mortgage. Whether it’s financing a home renovation project or consolidating debt, borrowers in Dover can find favorable loan terms to suit their needs.
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Newark:
Home to the University of Delaware, Newark boasts a lively college town atmosphere and a strong housing market. The city’s stable economy and competitive interest rates make it an attractive option for homeowners seeking a second mortgage. With its vibrant downtown area and recreational amenities, Newark provides favorable conditions for leveraging home equity.
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Middletown:
Located in New Castle County, Middletown offers a mix of suburban charm and convenient access to urban centers. The city’s stable housing market and competitive interest rates make it an appealing destination for homeowners considering a second mortgage. Whether it’s financing a home expansion or funding a college education, borrowers in Middletown can find suitable loan solutions to meet their needs.
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Bear:
Situated in northern Delaware, Bear offers a range of housing options and easy access to major transportation routes. The city’s affordable housing market and competitive interest rates make it an attractive destination for homeowners seeking a second mortgage. Whether it’s financing a vacation home or funding a home improvement project, borrowers in Bear can find suitable loan solutions to meet their needs.
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Rehoboth Beach:
Known for its pristine beaches and vibrant boardwalk, Rehoboth Beach is a popular destination for tourists and homeowners alike. Despite its seasonal fluctuations, homeowners in Rehoboth Beach benefit fro
$250,000 to $2,500,000
3 months, 1 year, 20 year, 30 Years
6%
1
Loan Type Bridge Loan, Commercial Loan, Construction Loan, Hard Money Loan, SBA Loan, Second Mortgage
Property Type Assisted Living, Automotive, Commercial, Gas Station, Hotel, Industrial, Land Entitled, Medical Office, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Student Housing, Warehouse
$2,000,000 to $40,000,000
2 years, 3 years, 5 years
7.5% - 10%
Loan Type Bridge Loan, Hard Money Loan, Second Mortgage
Property Type 2-4 Units, Industrial, Medical Facility, Mixed use, Mobile Home Park, Multi Family, Office, Retail, SFR, Student Housing
10620
#01794434
Boca Raton,
$1,000,000 to $10,000,000
2 years, 3 years
8%
1 - 2%
Loan Type Bridge Loan, Hard Money Loan, Rehab Loan, Second Mortgage
Property Type 2-4 Units, Industrial, Mixed use, Multi Family, Office, Retail, Self-Storage, SFR
$3,000,000 to $50,000,000
3 years
9%
Loan Type Bridge Loan, Hard Money Loan, Second Mortgage
Property Type Condo, Hotel, Industrial, Land Entitled, Land Non-Entitled, Mobile Home Park, Multi Family, Office, Retail, Self-Storage, Special-Use
$500,000 to $30,000,000
1.5 years
8% - 9%
1 - 1%
Loan Type Bridge Loan, Hard Money Loan, Second Mortgage
Property Type 2-4 Units, Hotel, Land Entitled, Medical Facility, Office, Retail, SFR, Special-Use
$75,000 to $3,000,000
1 year, 6 years, 10 years, 20 year, 30 yrs
3 or less% - 8%
3%
Loan Type Bridge Loan, Hard Money Loan, Second Mortgage
Property Type 2-4 Units, SFR
886336
$150,000 to $50,000,000
2 years
Loan Type Bridge Loan, Commercial Loan, Rehab Loan, Second Mortgage
Property Type Automotive, Car Wash, Church, Condo, Gas Station, Hotel, Industrial, Land Entitled, Mixed use, Multi Family, Office, Place of Worship, Retail, Shopping Center, Strip Center
$1,000,000 to $50,000,000
1 year, 2 years, 5 years
Loan Type Bridge Loan, Rehab Loan, Second Mortgage
Property Type 2-4 Units, Hotel, Mixed use, Office, Retail, SFR