FULL DOCUMENTATION
Full Doc Non-QM Loan
Clean W-2s, clean returns, and a high loan amount or high-DTI file the agencies won't take. Castor's full doc Non-QM loan program documents income the ordinary way on Prime PLUS and carries it to $3.5 million at a 50% DTI.
What Is a Full Doc Non-QM Mortgage?
Castor Financial's full doc Non-QM loan program qualifies borrowers on W-2s or tax returns with loan amounts to $3.5 million, a maximum DTI of 50%, and a minimum FICO of 620. The Expanded program accepts a single year of W-2s or tax returns rather than the two years agency lending requires.
Why Brokers
Choose Castor
For Full Doc Loans
Loan Size Agencies Can't Touch
PRIME PLUS
Documented income takes the file to $3.5 million with DTI to 50%.
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One Year of Returns is Enough
EXPANDED
A single year of W-2s or tax returns satisfies full documentation, which matters for a borrower who changed structure, changed jobs or only recently started filing the way they earn.
Blend Income Sources
PRIME PLUS
Multiple bank statement streams, asset depletion and standard W-2 income can all be combined on the same application when the borrower's picture is more complicated than one document.
Clean Docs, Recent Credit Event
EXPANDED
Full documentation still works for a borrower carrying a bankruptcy, foreclosure or short sale seasoned as little as 24 months.
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Program Names | Loan Amount | Min FICO | Max LTV | Occupancy |
|---|---|---|---|---|
Prime PLUS | $3,500,000 | 660 | 90% | Primary, Second, Investment |
Prime | $3,000,000 | 660 | 85% | Primary, Second, Investment |
Expanded | $2,000,000 | 620 | 80% | Primary, Second, Investment |