I am wondering if it is possible to take a second mortgage out on my home if my credit score is very low? I am current on the mortgage and I have owned the house for 5 years. We now want to rent it out for extra income but it needs a bit of work done first. This is mainly what the money would be for. Also, right now I am overseas deployed in Kosovo and don't have much access to a phone to call the states but here and there. Is it possible to apply for a second mortgage online?
Thank you for posting your question in the Community. USAA does not currently offer a second mortgage, or home equity, product to our members. Depending on the amount of funds needed, you may consider a personal from USAA. We recommend review loan options on usaa.com. You can reach out via Member Community for any additional questions as well. Thank you. -Gus