Down Payment Assistance for Non-QM Loans
Help borrowers buy more and pay less.
Series 1
Lendz DPA
About program
We help cover up to 50% of the down payment on non-QM loans so your clients can qualify with less cash and more buying power.
Key features
- 10% minimum down
- Max 80% LTV
- Primary SFR only
- 700+ FICO
- 43% max DTI
- No secondary financing or gift funds
- One borrower must have permanent residency
- Series 1: Bank Statement or Standard Doc
Required to Disclose
Credit report
(cannot be older than 60 days) - must be merged into the LOS.
Borrowers' ID
(passport or driver's license).
Purchase contract
(if applicable)
Complete loan application
(including income & employment)
Submission form completed
12/24 months of bank statements
(all months, all pages)
12/24 months of standard doc
(all months, all pages)
Required to Underwrite
(in addition to above)
Credit report
(cannot be older than 60 days) - must be merged into the LOS.
Borrowers' ID
(passport or driver's license).
Purchase contract
(if applicable)
Complete loan application
(including income & employment)
Submission form completed
12/24 months of bank statements
(all months, all pages)
12/24 months of standard doc
(all months, all pages)
FAQ
How much down payment assistance can my clients receive?
With the DPA Program, your clients can access up to 50% of the required down payment on non-QM loans. This benefit allows you to structure deals with lower upfront costs, up to 20% lower monthly payments, and the ability for your clients to buy up to 25% more home without stretching their budget.
Which clients are eligible for the DPA Program?
The program is designed for borrowers with a minimum 700 FICO score, financing up to 80% LTV on primary residence single-family homes. You can submit either bank statement or full documentation loans, with a maximum 43% DTI, and it’s available nationwide, giving you broad flexibility to place loans.
How does the repayment work for my clients?
There’s no repayment required unless the property is sold or refinanced. With no lien and no secondary financing or gift funds needed, you can present a simple, competitive option that enhances your borrowers’ purchasing power and differentiates your offerings.
Other programs
Standard doc
- 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
- 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
- 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
- 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)
- 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
- 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
- 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)
- 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
- 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
- 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
- Cash-out used for reserves
- Loan amounts up to $500k
- 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 <$250k
- Non-permanent residents allowed
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