Purchase
Purchase Non-QM Mortgage Programs
When using a NonQM Mortgage means that the loan does not qualify for conventional or FHA financing. There are many reasons why a loan can use a NON-QM mortgage product. From avoiding PMI at 90 LTV or using a 12-month bank statement program for those not qualifying with current income structure, or even if the credit score is below conventional reach, non-QM loans are the only path to obtaining mortgage financing.
Bank Statement Loans
- 12 or 24 month; business or personal
- Up to 90% LTV
- Variable expense factor used, resulting in more qualifying income
DSCR/Investor Loans
- Up to 85% LTV
- Interest Only options, helping more borrowers qualify
- Table Funding available
Condo Loans
- Up to 90% LTV with a 700 FICO score (not available on non-warrantable or condotels)
- Up to 75% LTV non-warrantable condos
- Up to 75% LTV condotels
- Loan amounts up to $4,000,000
Foreign National Loans
- Up to 75% LTV
- Loan amounts up to $2,000,000
- SFR. 2-4 unit, and condos
Asset Qualifier & Asset Income Lift Loans
- Up to 80% LTV
- Utilize borrower’s assets to qualify
- Can be combined w/other income such as W2 and bank statements
Bridge Star Loans
- Our Bridge Star Loan will pay off the existing loan and provide cash required for the down payment on your new home
1099 Loans
- No tax returns required
- 10% expense factor used
- First Time Homebuyers welcomed
No Minimum DSCR
- Up to 75% LTV
- 2-4 unit and condos allowed
- Minimum loan amount $150,000
1 Year P&L Product
- Up to 80% LTV on purchase
- Minimum 700 FICO score
