ALL NON-QM PROGRAMS 1 OF 2:
Platinum Non-QM Jumbo Home Loans
Credit scores starting at 660
Up to 95% LTV, No MI
Non-QM Platinum Jumbo mortgage program is a competitively priced product for borrowers who just miss qualifying under Prime Jumbo guidelines. Stop losing deals because other lenders only offer Prime Jumbo. Our non-QM Platinum Jumbo loan allows our clients to help more Jumbo borrowers.
Your borrower may not be Prime – but they could be Platinum!
Loans up to $3 million, Minimum loan of $250,000
Four years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Owner-occupied, second homes, and non-owner occupied
Purchase and cash-out or rate-term refinance
Full doc only
40 year fixed interest only available
One year tax return program
Non-warrantable condos allowed
Portfolio Select Non-QM Jumbo Home Loans
Credit scores starting at 600
Up to 90% LTV with no MI
Credit worthy borrowers who have recovered from credit events no longer have to wait seven years to purchase or refinance! Our full doc Portfolio Select mortgage loan allows just one year seasoning for foreclosure, short sale, deed-in-lieu and just two years seasoning for bankruptcy. Capture more business and help those borrowers shut out of Agency guidelines. This full doc loan solution helps more borrowers achieve their financial goals through a home purchase or refinance.
Loans up to $2.5 million
One year seasoning for foreclosure, short sale or deed-in-lieu
Two years seasoning for bankruptcy
Purchase and cash-out or rate-term refinance
Owner-occupied, second homes, and investment properties
Up to 50% DTI
Gift funds allowed
40 year fixed interest only available
Non-warrantable condos allowed
Asset Qualifier Non-QM Jumbo Home Loans
Credit scores starting at 700
Up to 75% LTV
Asset Qualifier loan product is for borrower’s to qualify using their liquid assets. We do not require employment, income or DTI to justify ability-to-repay. We qualify based on required assets that meet seasoning requirements. We have helped retirees, underserved self-employed, divorced with no income, and other borrowers with required seasoned assets to purchase or refinance. This easy to close loan is another solution helping borrowers with their home loan needs who could not under Agency guidelines.
Loans up to $3 million, Minimum loan of $250,000
No employment, no income, no DTI
Rates are 30-year fixed
Five years seasoning foreclosure, short sale or bankruptcy
Primary residence, purchase or refinance
Interest only program available
Non-warrantable condos allowed
All assets must be sourced and seasoned for a minimum of six months
Required assets: Loan amount, recurring monthly debt multiplied by 60 months, funds to close and six months reserves
Borrowers must have at least $500,000 in post-closing assets.
Prime Jumbo Non-QM Home Loans
Credit scores starting at 660
Up to 90% LTV, No MI
Prime Jumbo mortgage product is a competitively priced loan option for borrowers purchasing homes outside of conforming limits. Borrowers who cannot qualify under GSE guidelines now have more options with us. Those who miss Prime Jumbo qualifications can quickly be moved to our Platinum Jumbo product which is also a competitively priced option. Our Jumbo program helps you save more deals!
Loan amounts to $3 million (minimum $1 over conforming limits)
Seven years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Owner-occupied, second homes, and non-owner occupied
Purchase and cash-out or rate-term refinance
DTI up to 43%
Agency Mortgage Conventional Non-QM Home Loans
Credit scores starting at 660
Up to 95% LTV/CLTV, with MI
Loans up to conforming limits (high balance case by case)
Owner-occupied, second homes, investment
Competitive pricing with quick turn times
Self Employed Bank Statement Jumbo Home Loans
Credit scores starting at 600
Up to 90% LTV, No MI
Bank Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business. Self-employed borrowers represent an underserved market in the mortgage industry. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.
Loans up to $3 million with a minimum of $150,000
12 or 24 months business or personal bank statements
Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Rates are 30-year fixed
Two years self-employed required
Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements
Purchase and cash-out or rate-term refinance
Owner-occupied, second homes, and non-owner occupied
1099 option available
40 year fixed interest only available
Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)
Non-warrantable condos allowed
1099 Income Loans
Credit scores starting at 600
Up to 90% LTV, No MI
Our 1099 income loan option is for underserved self-employed borrowers who are 1099 workers. Many freelancers, contractors, gig economy workers or other self-employed borrowers who file using W-9s cannot qualify for a mortgage under Agency guidelines.
These underserved borrowers can use 1099 earning statements in lieu of tax returns to qualify for a mortgage. Our 1099 Income loan is an alternative loan solution that helps many self-employed 1099 earners achieve homeownership.
Maximum LTV 90% with 700 score
Maximum LTV 80% with 640 score
Loans up to $3 million, Minimum loan of $150,000
No tax returns are required
Most recent one or two years 1099 plus year to date earning statement allowed
Year to date earnings are verified from earning statement, paystubs, or bank statements
1099s must be from a single employer
Borrower must be self-employed working for the same employer for two years
Owner-occupied, second homes, and non-owner occupied
Purchase and cash-out or rate-term refinance
Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Non-warrantable condos allowed
