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.

Resources

 
 
View Non QHEM & Non QHEM Plus Matrix

Asset
Qualifier:

For those sitting stacks of cash looking to push their savings to work

Bank Statement Qualifier:

For those who are self-employed and looking to own a home

Full Doc
Qualifier:

For those who file income the traditional way looking to expand their loan qualifications

Gig
Qualifier:

For those independent contractors & freelance workers that are paid like a business owner, but may not own a business

  • Option 1 | Mortgage Only
    • Total post-closing assets must meet 125% of the outstanding mortgage debt for which the Applicant has personal liability, including the proposed mortgage(s) on the subject property.
  • Option 2 | Simplified
    • Total post-closing assets must meet 120% of the proposed mortgage(s) on the subject property plus 30% of all other outstanding debt (mortgage and consumer).
  • Option 3 | Traditional
    • Total post-closing assets must meet the sum of the below:
      • 100% of loan amount
      • 60 months of total debt service (do not include subject property’s PITIA or PITIA on rented properties with documented rental income)
      • 60 months of net rental losses on rental properties (do not include subject property’s PITIA)
  • Loan amounts up to $4MM
  • Non-Warrantable Condos allowed
  • No income documentation necessary
  • Credit scores as low as 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
  • Personal and Business Bank Statements allowed
  • 3 month, 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
  • 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
  • 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