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

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)
- Total post-closing assets must meet the sum of the below:
- 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