Closed-end second mortgages are gaining momentum as homeowners look for ways to access equity without disturbing low-rate first liens.
Rather than refinancing, many borrowers are choosing to leverage the value they’ve built, fueling a notable resurgence in home equity lending.
Market data shows that closed-end second originations reached their highest level since 2008, with more than 557,000 loans funded and approximately $31.6 billion in total volume during the first three quarters of 2025. On a dollar basis, that represents 10% annual growth, underscoring a clear shift in borrower behavior.
Why Closed-End Seconds Matter More Than Ever for Brokers
With traditional refinance volume remaining constrained, brokers are increasingly encountering borrowers who want access to equity but refuse to give up favorable first-lien terms. Closed-end seconds offer a timely solution, allowing brokers to continue solving real financing needs even when a refinance no longer makes sense.
This demand opens the door to a wide range of use cases, including:
– Homeowners funding renovations or major life expenses
Borrowers consolidating high-interest consumer debt
– Real estate investors leveraging existing equity to expand portfolios
– Clients seeking liquidity without disrupting low-rate first mortgages
By expanding their offerings to include closed-end seconds, brokers can protect their pipelines, deepen client relationships, and deliver flexible, value-driven solutions that align with how borrowers are making decisions in today’s rate environment.
Dominion Financial Wholesale’s Closed-End Second Solution
Dominion Financial Wholesale offers closed-end second mortgages designed to help brokers capitalize on this growing demand while delivering flexible options to their clients.
Key product highlights include:
– Up to 90% maximum CLTV
– Available for owner-occupied, second homes, and investment properties
– First mortgage may be held with another lender
– Purchase, rate/term refinance, and cash-out refinance options
Supported by Dominion Financial Wholesale’s lending expertise and broker-first approach, our closed-end second program gives you the confidence to solve more scenarios and keep deals moving.
Partner With Dominion Financial Wholesale
Closed-end seconds are no longer a secondary conversation; they’re becoming a primary strategy in today’s market.
With demand at post-crisis highs, now is the time to expand your offerings and meet borrowers where they are. Partner with Dominion Financial Wholesale to close more, protect your pipeline, and grow your business.
