Deephaven Mortgage

Year of the second mortgage comeback: Why it matters and why it’s not going away anytime soon 

The second-lien market is entering a new growth cycle, and Deephaven is helping lead the conversation. With projections exceeding $60 billion in originations for 2025, second liens have moved from a niche product to a mainstream financing tool for both homeowners and investors. U.S. homeowners collectively hold $35 trillion in home equity, and roughly 85% are locked into first-lien rates below 5%, creating strong demand for alternatives to traditional refinancing.