Unconventional Mortgages (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

Unconventional Mortgages - A Wealth of Information Resource & Service: (800) 718-8906


Jumbo Non-QM – Bank Statements or 1099 Only

New Jumbo Guidelines with Loan Amounts to $10,000,000

Most Non-QM lenders require a 600 minimum credit score to qualify for 85% LTV Cash Out for refinance loans and 15% down payment purchase loan.

* Loan amounts >$2,000,000 – 2 Appraisals Required. One Appraisal Required to $2,000,000

* Self-Employed Borrowers and Non-QM Lenders

Non-QM lenders are designed Self-Employed borrowers.

Bank Statement Pre-Underwrite

The Pre-Underwrite Department can process/analyze (some lenders 1-, 2-, 3-, 6-, 12-, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, and disclosures.

Bank Statement Service

We can pre-underwrite your bank statements for you before the Underwriter sees them, to ensure we get the right Conditional Loan Approval (CLA).

1. Your Loan Officer analyzes the bank statements (and any Asset Depletion potential to supplement total income).

After your Loan Officer reviews the statements:

Loan Officer will either have questions for you regarding the statements; deposits, Income deposits, transfers to get clarity on how you run your business in terms of how you utilize your bank accounts in anticipation of any questions the lender rep (Wholesale Account Executive) will have for the loan officer before Underwriter Submission. To ensure a smooth loan, the lender rep will bring them to the actual underwriter along with a lender specific criterion, Income Worksheet, etc.

2. Submit pre-underwritten straight to underwriting along with standard documentation for Initial Submission

If you have Multiple Streams of Income and you process payment, funds/revenue (for whatever reason) differently depending on method of payment.

Loan Purpose | Minimum Credit Score | Maximum LTV

* Purchase Transactions – Minimum Credit Score: 660 Minimum Credit Score to 90% LTV

* Refinance Transactions (Rate/Term) – Minimum Credit Score: 660 to Maximum LTV to 90%

* Refinance Transactions (Cash Out) – Minimum Credit Score: 660 to Maximum to 85% LTV

Refinance Cash Out OK to be used for Reserves Requirement

Liquid Assets / Reserves (Months) Requirements

Reserve guidelines are favorable at 6 months. Additional reserves not required for additional REO.

Full Stock(s) value, bonds, and Vested Retirement.

No additional reserves needed for additional Real Estate Owned (REO), financed or not. Primary residence – No Limit on Financed Properties. Purchase, 90% LTV on Owner-Occupied, including Cash Out Refinance.

Underwriter Guides and Highlights

First Time Homebuyer (FTHB) – Yes to 80% LTV

Non-Occupant Co-Borrowers – Yes – Primary Borrower Debt-to-Income Ratio (DTI) cannot exceed 45%

Interest Only also Available

No Price-Add for 2-Units, 4-Units and Vacation/Second Homes

Lender also offers DSCR, where you qualify based on rental property, no tax returns or income required and will allow title in an LLC and can-do multiple loans for one borrower.

Current turn time in Underwriting – 24 Hours

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Hard Money Loans

Investor Loans

Investment Property Loans