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Non-Prime Loan Program – 580 Credit Score

Bank Statement Non-Prime Loan Program

Our Non-Prime Mortgage Lender Programs feature Alt Doc and Full Doc options, catering to credit scores starting at 580. With varying documentation requirements and LTV ratios, borrowers can access up to $5,000,000 in maximum loan amounts across different property types, including investment properties and owner-occupied residences. With credit scores as low as 580, our programs offer accessibility and flexibility.

Our Non-Prime Mortgage Lenders

Offer programs tailored to meet the unique needs of borrowers across the credit spectrum is available. As a s/e borrower, don’t expect to be asked to sign a 4506-c form because they’re not required; for and non-qm loan we offer.

For streamlined documentation, explore our Non-Prime Lite Doc Programs, requiring minimal documentation history. Benefit from options such as 2-month bank statements or one-year tax returns, with credit score requirements starting at 620.

Non-Prime Mortgage Lender Programs and Highlights

Non-Prime – Alt Doc (Form 4506-C Not Required) and Full Doc (Form 4506-C is Required)

580 Middle Credit Score

Credit Score Model 2, 4 or 5

90% LTV up to Maximum Loan Amount – $4,000,000

One Day After Foreclosure Finalization Date

Non-Prime Lite Doc Programs

1 Year Documentation History or Less | Form 4506-T – Not Required

2 Months Bank Statements: 620 Middle Credit Score (model 2, 4 or 5) – 90% LTV up to $3,000,000

Maximum Loan Amount

One Year Tax Return: 620 Middle Credit Score (model 2, 4 or 5) – 90% LTV up to $3,000,000 Maximum Loan Amount

WVOE (written verification of employment): 640 Middle Credit Score (model 2, 4 or 5) – 85% LTV up to $4,000,000 Maximum Loan Amount

Non-Prime Alternative Doc Programs

2 Year Documentation History | Form 4506-T – Not Required

24 Months Bank Statements: 600 Middle Credit Score (model 2, 4 or 5) – 90% LTV to $3,500,000 Maximum Loan Amount

Non-Prime No Doc Programs

Investment Property Programs

DSCR (debt service coverage ratio): 620 Middle Credit Score (model 2, 4 or 5) – 85%% LTV (rate and term) and 80% LTV (cash out refinance) up to $5,000,000 Maximum Loan Amount

Foreign National Investors: Any Credit Score/Credit Score Not Required – 80% LTV to $3,500,000

Maximum Loan Amount | Tax Returns Not Required

Non-Prime No Doc (No Ratio) Programs

No Income Documentation

Purchase or Refinance with Cash Out: 740 Middle Credit Score (model 2, 4 or 5) – 70% LTV to $2,500,000

Maximum Loan Amount | Owner Occupied/ Primary Residence

Foreign National: 600 Middle Credit Score (model 2, 4 or 5) – 90% LTV to $3,500,000 Maximum Loan

Amount | No Tax Returns Not Required | Form No 4506-T Not Required

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Lending

Non-Qualified Lenders

Unconventional Lenders