modern
Non-qm
Lending for today's borrower.
Owner Occupied
Standard Doc | Bank Statements | P&L Only | WVOE Only | 1099 Only | Asset Utilization | Seconds
Business Purpose
Standard Doc | Bank Statements | P&L Only | 1099 Only | Asset Utilization | DSCR | Foreign Income | Seconds
Standard DOC
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• DTI up to 55%
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
• 1 Day Credit Event Seasoning
Bank Statements
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• Business or personal
• 50% standard expense
• 10% expense with accountant letter
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
• 1 Day Credit Event Seasoning
P&L Only
Min 660 FICO - Up to 85% LTV
• No tradeline requirement w/ 3 credit scores
• No bank statements
• 12 or 24 months accepted
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $3m
• CPA, EA, CTEC, or PTIN
WVOE Only
Min 660 FICO - Up to 85% LTV
• No tradeline requirement w/ 3 credit scores
• No tax return, W2, or paystubs
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
1099 Only
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• 1 or 2 years - 1099 or transcripts
• 12/24 month average minus expense ratio
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
Asset Utilization
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
• 100% of checking, savings, & money market
• 70% of stocks, bonds, mutual funds
• Divide by 84
dscr (1-4 Units)
Min 620 FICO - Up to 80% LTV
• No deposit sourcing
• No minimum DSCR Ratio up to 75% LTV
• No tradeline requirement w/ 3 credit scores
• Unlimited cash in hand ≤65% LTV
• $1,000,000 cash in hand >65% LTV
• SFR, Condotels, Condos, 2-4 up to 80% LTV
• 2 months reserves
• Cash-out used for reserves
• AIR DNA income accepted
• Loan amounts up to $3.5m
• Unlimited 30 days lates allowed.
• Vacant properties allowed
• Rural properties up to 20 acres allowed
dscr (5-8 units res. & 2-8 Mixed Use)
Min 660 FICO - Up to 75% LTV
• No deposit sourcing.
• Min DSCR of 1
• No tradeline requirement w/ 3 credit scores
• $1,000,000 cash in hand
• Cash out up to 70% LTV
• Commercial space <50% allowed
• Loan amounts up to $2,000,000
• Foreign Nat and Non-Perm accepted
Cross collateral
Min 660 FICO - Up to 70% LTV
• No deposit sourcing.
• Min DSCR of 1.2
• No tradeline requirement w/ 3 credit scores
• Unlimited cash in hand
• Minimum Per Property Balance $50k
• Minimum of 3 properties
• Maximum of 25 properties
• Cash out up to 65% LTV
Foreign National
Min 680 FICO - Up to 75% LTV
• DSCR ≥ 1 up to 75% LTV
• No DSCR Ratio up to 65% LTV
• Loan amounts up to $1.5m
• 6 months reserves
• No deposit sourcing
• No credit reference letters
• No asset seasoning in US account
• No visa
• SFR, Condotels (70% LTV), Condos (70% LTV), 2-4 (70% LTV)
Closed end seconds
Min 680 FICO - Up to 90% LTV
• Cash-out used for reserves
• Loan amounts up to $500k
• Unlimited Combined Loan Amount
• Standard Doc, Bank Statements, 1099
• Primary, Second Homes, and Investment
• AVM only for Loan Amounts <$250k