Modern Non-QM
Lending for today’s borrower
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Program Types
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
Bank statements
Min 620 FICO – Up to 90% LTV
- No tradeline requirement w/ 3 credit scores
- Business or personal
- 50% standard expense
- Min 10% expense with accountant letter
- Non-perm up to 90% LTV
- Unlimited cash-in-hand
- 3 month cash-out seasoning allowed
- Cash-out used for reserves
- SFR, condotels, condos, studios, 2-4
- Loan amounts up to $4m
Profit & loss 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
- 3 months cash-out seasoning allowed
- 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
- Cash-out used for reserves
- SFR, condotels, condos, studios, 2-4
- Loan amounts up to $4m
- 100% of checking, savings, money market
- 70% of stocks, bonds, mutual funds
- Divide by 84
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
- Unlimited cash in hand ≤65% LTV
- SFR, condos, 2-4 up to 80% LTV
- Condotels and studios up to 75% LTV
- 2 months reserves
- 3 months cash out seasoning
- Cash-out used for reserves
- AIR DNA & STR income accepted
- Loan amounts up to $3.5m
- Unlimited 30 days lates allowed
- Vacant properties allowed
- 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 DSCR ratio up to 65% LTV
- 6 months reserves
- No deposit sourcing
- No credit reference letters
- No asset seasoning in US account
- No visa
- Loan amounts up to $2m
- Condotels, studios, condos, 2-4 up to 70% LTV
- ITIN borrowers allowed
- No 3rd party primary address verification
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
- 3 months cash-out seasoning allowed
- Cash-out used for reserves
- SFR, condotels, condos, studios, 2-4
- Loan amounts up to $4m
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
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
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
