COMMON SENSE NON-QM
Solutions for Every Scenario
Twelve ways to qualify a borrower
who doesn't fit the agency box.
Bank Statement
PRIME PLUS / PRIME / EXPANDED / EQUITY
MIN FICO 620
90% MAX LTV
Bank statement loan for self-employed borrowers, No tax returns required.
• Loan amounts up to $3.5 million
• 12-month bank statement history required
• Blend business and personal bank accounts
• No limit on accounts​
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Alt-Doc 2nd Lien
EQUITY - ACCESS, ADVANTAGE, DSCR
MIN FICO 660
90% MAX LTV
Pull equity with a standalone second lien without touching the first.
• Loan amounts up to $750,000
• Standalone second, first lien stays in place
• No reserves and no cash to close required
• Full doc, bank statement, P&L or DSCR
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PRIME Loan Program
Our Prime Loan Program is for borrowers with strong financial profiles who may have non-traditional income streams. This program is aggressively priced and offers flexibility beyond standard documentation requirements.
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Key features include:
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Loan Amounts: Up to $3 million.
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FICO Scores: Starting from 660.
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Documentation Options:
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Full Doc: Traditional documentation like W-2s and tax returns.
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Alt Doc/Bank Statements/P&L: Alternative documentation for self-employed individuals and those with non-traditional income.
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DSCR (Debt Service Coverage Ratio): Qualify based on the cash flow of the investment property rather than personal income.
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PRIME PLUS Loan Program
The Prime PLUS Loan Program is an enhanced solution for high-value properties and borrowers seeking more flexible terms. This program builds on the Prime loan offerings with higher loan limits and specialized features for Asset Depletion.
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Key features include:
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Loan Amounts: Up to $4 million.
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Asset Depletion: 36-month depletion factor, No Minimum Asset Value, and Cash out transactions okay.
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Stackable Income: Combine W2, Bank Statements(Business and/or Personal) and Asset Depletion on one 1003.
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DSCR for Investors: An option is available for investment properties, allowing a DSCR as low as 0.75. AirBnB/VRBO/STR rentals accepted.
EXPANDED Loan Program
Our Expanded Loan Program is designed for borrowers who do not meet the strict guidelines of a conventional mortgage due to a recent credit event or other unique circumstances. These loans provide a second chance for borrowers with sufficient assets and income to qualify.
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Key features include:
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Credit Flexibility: More lenient credit history requirements, accepting borrowers with recent bankruptcies or foreclosures.
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Alternative Documentation: Utilizes alternative income verification methods, such as bank statements or asset depletion.
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Wider FICO range with options down to 620.
EQUITY Loan Program
The Equity Loan Program allows you to tap into your home's equity to secure cash through a non-QM 2nd lien, allowing borrowers to leave their current low-rate 1st mortgage untouched.
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Key features of our home equity offerings include:
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Loan Amounts: Up to $1 million.
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AVM is used for loan amounts below $400,000.
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Alternative documentation accepted: Bank Statements(12 months) and P&L options.
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15 year, 20 year, 25 year or 30 year options available.
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Interest-only options.
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Max DTI up to 50%.
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DSCR options - up to $500,000 loan amounts, Min. DSCR of 1.0, eligible borrowers include Natural Persons; Corporations; LLC Entities.