Non-QM Loan Programs
Lending for today’s borrower
.png)
Non-QM Loan Program Types
Find the Right Program for Your Deal
Standard Doc
Min 620 FICO – Up to 90% LTV
- No tradeline requirement w/ 3 credit scores
- Non-perm up to 90% LTV
- DTI up to 55%
- Unlimited cash-in-hand
- Cash-out used for reserves
- SFR, condotels, condos, studios, 2-4
- Loan amounts up to $4m
- Loan amounts up to $5m for preferred brokers
Bank Statements
Min 620 FICO – Up to 90% LTV
- No tradeline requirement w/ 3 credit scores
- 50% standard expense
- Min 10% expense with accountant letter
- Non-perm up to 90% LTV
- Unlimited cash-in-hand
- SFR, condotels, condos, studios, 2-4
- Loan amounts up to $4m
- Loan amounts up to $5m for preferred brokers
Profit & Loss Only
Min 660 FICO – Up to 80% LTV
- No tradeline requirement w/ 3 credit scores
- No bank statements
- Non-perm up to 80% LTV
- Unlimited cash-in-hand
- Cash-out used for reserves
- SFR, condotels, condos, studios, 2-4
- Loan amounts up to $3m
- CPA, EA, CTEC, PTIN
Asset Utilization
Min 640 FICO – Up to 85% LTV
- No tradeline requirement w/ 3 credit scores
- Non-perm up to 80% LTV
- Unlimited cash-in-hand
- SFR, condotels, condos, studios, 2-4
- Loan amounts up to $3.5m
- Loan amounts up to $5m for preferred brokers
- 100% of checking, savings, money market
- 70% of stocks, bonds, mutual funds
DSCR Loans (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
- 2 months reserves
- Cash-out used for reserves
- AIR DNA & STR income accepted
- Loan amounts up to $5m for preferred brokers
- Rural up to 20 acres allowed
Foreign National
No FICO or 680 – Up to 80% LTV
- Bank statement and P&L up to 80% LTV
- DSCR ≥ 1 up to 75% LTV
- No deposit sourcing
- No credit reference letters
- No asset seasoning in US account
- No visa
- Loan amounts up to $2m
- No 3rd party primary address verification
1099 Only
Min 620 FICO – Up to 90% LTV
- No tradeline requirement w/ 3 credit scores
- 12/24 month average minus expense ratio
- Non-perm up to 80% LTV
- Unlimited cash-in-hand
- 3 months cash-out seasoning allowed
- Cash-out used for reserves
- Loan amounts up to $4m
- Loan amounts up to $5m for preferred brokers
DSCR (5–8 units & 2–8 mixed use)
Min 700 FICO – Up to 75% LTV
- No deposit sourcing
- Min DSCR of 1
- No tradeline requirement w/ 3 credit scores
- $1m cash in hand
- Cash-out up to 65% LTV
- Commercial space <50% allowed
- Loan amounts up to $2m
- Non perms up to 75% LTV
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
WVOE Only
Min 660 FICO – Up to 80% 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 $3m
- 2 months bank statements required
Closed End Second
Min 660 FICO – Up to 90% CLTV
- Cash-out used for reserves
- Loan amounts up to $500k
- Loan amounts up to $750k case by case
- Combined loan amount up to $5m
- Standard doc, bank statements, P&L, WVOE, & 1099 income types
- Primary, second homes, and investment
- AVM only for loan amounts <$400k
- Non-permanent residents allowed
Type of Deal
Before choosing a program, it helps to start with how the property will be used. Most deals fall into one of two categories: owner-occupied or business-purpose.
For Owner-Occupied Properties
For borrowers purchasing or refinancing a primary or second home.
Standard Doc | Bank Statements | P&L Only | WVOE Only | 1099 Only | Asset Utilization | Seconds
For Investment and Business-Purpose Deals
For investor deals where the property is used for rental income or business purposes.
Standard Doc | Bank Statements | P&L Only | 1099 Only | Asset Utilization | DSCR | Foreign Income | Seconds
