Don't Get Denied Again!

NON QM Products:

Community Mortgage (No income loan)

· Income documentation not required

· Income not stated

· DTI not calculated

· Credit underwritten based on LTV, FICO, and liquidity

· Primary residence and second homes

· Asset seasoning 30 days

· Loan amounts up to $3 million

· LTV up to 80% purchase/rate-and-term

· LTV up to 70% cash-out

· FICO beginning at 640

· Debt consolidation = rate/term

DSCR (Investor loan)

· DSCR ≥ 100% or DSCR ≥ 50% - < 100%

· Loan amounts up to $3.5 million

· Short-term rentals permitted

· Non-warrantable condos permitted

· Vest in LLC

· Asset seasoning 30 days (no gifts)

· LTV up to 75% for purchase

· LTV up to 65% for cash-out

· FICO beginning at 680

· Interest-only financing available (not available in Texas)

· Foreclosure/short sale/deed-in-lieu seasoning: 36 months

· Bankruptcy seasoning: 24 months

· All files require 1007, 216, or 1025 (for 2-4 units) to determine current market rents

· Maximum financed properties: 20

Alt Doc:

· Bank statement - 1st page only

· Loan amounts up to $4 million

· Max cash in-hand $2 million on cash-out

· Asset seasoning: 1 month

· LTV up to 80% for purchase/rate-and-term

· LTV up to 75% for cash-out

· DTI up to 50%*

· Available for primary residence or second home

· Interest-only payments available

· FICO scores as low as 660

Flexible Qualification Methods

1099 only
W-2 only
One-year tax return
12-month bank statement
Asset Qualifier
*Restrictions apply to DTI over 43%