theLender is proud to introduce our new
Non QM Program Series
We have always set out to make a huge impact for our partners so they can grow their business but this time we really outdid ourselves. Our NON-QM products are truly a work of art and we believe it offers everything needed in the current NON-QM space and then some. Combine that with our state of the art technology and everyone wins. Take a look for yourself, we promise you won’t be disappointed.
Asset Qualifier:
For those sitting stacks of cash lookingto push their savings to work
- Minimum Eligible Assets required is the lower of $1,000,000 or 150% of the loan balance.
- Qualifying income based upon Total Assets Eligible for Depletion, less down payment, less out of pocket closing costs, less required reserves, divided by 84.
- Maximum DTI 43%. Rental Income
- Rental properties are calculated based on 75% of lease less PITIA to determine impact on debt service.
Bank Statement Qualifier:
For those who are self-employed and looking to own a home
- Personal and Business Bank Statements allowed
- 12 month and 24 month Bank Statement options
- Max LTV (purchase only)
- Up to 90% on Non QHEM Plus
- Up to 85% on standard Non QHEM
- 2nd Home and Investment properties up to 80% LTV
- Loan amounts up to $4MM
- Non-Warrantable Condos allowed
- DTI up to 55%
- Credit scores down to 600
- Recent Credit Events Allowed
- 7/6 and 10/6 ARM, 30, and 40 yr I/O option not fixed
- Multiple financed properties allowed
1 Page Bank Statement
Results without all the BS (Bank Statements, that is!)
- Page 1 of the Business Bank Statement reflecting the company on the P&L
- Qualify off the P&L only: nothing more, nothing less 12 or 24 month P&L OK
- Purchase LTV’s up to 90%
- Cash-Out LTV’s up to 80%
- Loan Amounts up to $4MM
- DTI up to 50%
- 50% business ownership required
Full Doc Qualifier:
For those who file income the traditional way looking to expand their loan qualifications
- DTI up to 55%
- Credit scores down to 600
- Recent credit events allowed
- All occupancy types allowed
- 7/6 and 10/6 ARM, 30, and 40 yr I/O option not fixed
- Multiple financed properties allowed
- Max LTV (purchase only)
- Up to 90% on Non QHEM Plus
- Up to 85% on standard Non QHEM
- Non-Warrantable Condos allowed
- Loan amounts up to $4MM
Gig Qualifier:
For those independent contractors & freelance workers that are paid like a business owner, but may not own a business
- Multiple 1099 qualification options
- Apply a 25% expense factor to all eligible gross receipts.
- Profit and Loss Statement
- CPA Letter for Expense Ratio
- DTI up to 55%
- Credit scores as low as 600
- Recent credit events allowed
- All occupancy types allowed
- 7/6 and 10/6 ARM, 30, and 40 FRM
- Multiple financed properties allowed
- Loan amounts up to $4MM
Foreign National:
For Foreign Nationals looking to purchase or refinance a second home.
- Foreign or US credit with 680+ FICO allowed
- 2nd home and Investment properties only
- Standard 2 years income docs for wage earner or self employed
- Asset Utilization allowed
- 50% DTI allowed
- Purchase – Up to 75% LTV
- Rate/Term and Cash-out Refinances – Up to 70% LTV
- Loan Amounts up to $2,000,000
- First-time Homebuyers allowed
- Unleased Properties allowed
- Condotel’s allowed
- Up to 20 acres allowed
NonQM Premier:
Take advantage of our newest NonQM program
which gives better rates than ever before.
Introducing
- Min Fico 700
- Max LTV 80%
- Max Loan Amount $2mm
- Available doc types
- Full doc – 1 & 2 year
- 12 & 24 bank statement – Business & Personal
- WVOE
- 1099
- No P&L or Asset Utilization
- Unlimited Cash-Out to max LTV’s
