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Second Mortgage

Fall in love with your home all over again

Let your home help you pay for the improvements, additions or renovations you want to make to it and see just how sweet your home sweet home can be.

Renovate + transform

Get that chef’s kitchen or spa-like bathroom you fell in love with on Pinterest. Make your home more energy-efficient by adding solar panels or upgrading your windows. Add a garage, finish the basement or finally get around to doing that list of projects you’ve had in your back pocket. Our fixed rate Second Mortgage makes it easy and affordable to tackle major home improvement projects.

Add “live happier” to your monthly budget

A Second Mortgage lets you use your home’s equity as collateral for a loan. A Second Mortgage gives you one lump sum payout up front and offers a fixed rate with a predictable monthly repayment plan. It’s a great solution for funding major home improvement projects like additions and renovations, although you could use the money for other purposes like paying off debt.

What to expect after you apply:

We want you to feel prepared as you navigate this application process. Download this checklist to learn about what you'll need to have on-hand once you've hit "submit".

  • Terms up to 15 years
  • Minimum loan amount $10,000; maximum loan amount $500,000
  • Fixed rate based on loan-to-value ratio and term financed
  • No pre-payment penalties
  • Primary residence or second homes only (no condos or investment properties)
  • Addition Financial will pay up to $1,000 in closing costs*

*If the loan does not close, the borrower will be responsible for the cost of the appraisal. Borrower agrees to keep loan with Addition Financial for 36 months or borrower will repay closing costs paid by Addition Financial.

Why Addition Financial?

24/7 Convenience

Manage your account completely online.

Easy to Find

Convenient locations + shared branches nationwide.


Payment protection products are available at your request.

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Use the value in your home to increase your home’s value

Home improvements not only make your home more enjoyable for you, they also increase the market value of your home. So why not pay for those improvements by borrowing against the value your home already has? It’s easy to do with a Second Mortgage.
  1. 1
    Review eligibility

    Anyone who lives, works, worships or attends school in 24 select counties may join. View our "Become a Member" page for full eligibility.

  2. 2
    Complete loan application

    When you’re ready, complete the online application or visit your branch to apply in person.

  3. 3
    Get your loan

    Start your next project.

Get your learn on

Think of us as your personal financial guru, partner and coach for wherever life’s journey takes you. To help you live your best life, we offer money management tools, financial literacy seminars and expert advice that’s easy to understand. Start making every moment (and every penny) count.