Our Full Doc Non-QM loans are a perfect solution for small business owners, investors, or other self-employed individuals who believe they may not qualify for a traditional agency loan.
Program features
Loan amounts up to $4 million
DTI up to 55%
Max cash-in-hand $500,000 for CLTV >65%, $1,000,000 for CLTV ≤65% to ≥55%, no max cash-in-hand limitation for CLTV <55%
Condos up to 90% CLTV, condotels up to 75% CLTV, NY up to 90% CLTV
30 & 40-year fixed, 5/6 & 7/6 ARM
Why choose our 1Y or 2Y Full Doc Non-QM?
ITIN allowed
1 year credit event allowed
Temporary rate buydowns available
Program details
Loan amounts up to $4 million
DTI up to 55% on owner-occupied
Min. 3 months of reserves
Min. FICO 620 or no score
Up to 90% СLTV purchase / Up to 80% СLTV cash-out
Owner-occupied, second home, and investment properties
Max cash-in-hand $500,000 for CLTV >65%, $1,000,000 for CLTV ≤65% to ≥55%, no max cash-in-hand limitation for CLTV <55%
2 or 1 year traditional full documentation income
Gift funds are allowed (borrower contribution required under 80% CLTV: OO – 0%, Inv – 20%; over 80% CLTV: OO – 5%, Inv – NA) for down payment, closing costs, and reserves
Mortgage history: 0x30x12 and 0x90x24 for Super Prime, 0x60x12 for Prime
Min. 12 months out of credit event
Eligible property types: SFR, townhomes, condo warrantable/non-warrantable, condotel, 2-4 units (not available for 2nd home), PUD, SFR rural, manufactured housing, short-term rentals, leasehold
Eligible terms: 30 & 40-year fixed, 5/6 & 7/6 ARM
120 months of I/O period, 240/360 months of amortization, qualified at amortized PITIA payment after I/O period, IO product not allowed in IL
Eligible citizenship: US citizenship, Permanent & Non-Permanent Resident, ITIN
Eligible borrowers: Individuals, LLCs/Corp without a hit
