Non-Qualified Mortgage Lenders

Home Loan Options and Lender Resource

We feel that our innovative product knowledge and superior lender resource speaks to the quality of service we provide to our borrowers. Lender solutions for borrowers outside of traditional guidelines with our exclusive products for borrowers outside of Agency guideline box. Near Prime "near miss" and Near Prime Jumbo and Super Jumbo lenders with responsible underwriting and due diligence is done inhouse which makes for quick closings.

Unconventional Lenders

Our Unconventional Lenders provide access to nontraditional lenders, Non-QM lenders, loan products, and niche loan programs. Solutions for borrowers outside of traditional guidelines with our new 1099 option for 2022 to help qualify more borrowers. Unconventional Mortgage lenders cater to the Self-Employed Borrowers and borrowers with complicated tax returns, i.e., Self-Employed borrowers, Business Executives, entrepreneurs. We deliver Non-QM lenders, Non-Prime lenders, Portfolio lenders, Foreign National lenders, Investor program lenders.

95% LTV jumbo no mortgage insurance purchase at 660 FICO and cash out 24-hour turn times in underwriting with no overlays, manufactured homes, W2 only programs with no traditional guideline overlays on gift funds. Equity qualifying, and Profit and Loss (P&L) programs.

QM Lenders and Non-QM Mortgages

Non-qm includes 12 and 24 personal or business bank statements using up to 100% of deposits as income, interest only including 40-year amortization with 10-year interest-only. Then re-cast, 30-yr amortization. Non warrantable condos with no investor concentration, one year out of bankruptcy and short sale two, years out of foreclosure. A product for a seasoned real estate investor owning up to twenty investment properties

Reduced Doc Self-Employed - 620 Credit Score

Borrower' income in nontraditional methods 12 months personal and or business bank account statements, P&L Only. Alternative income and employment documentation programs, the lender will require a signed 4506-C, only executed should the loan go into default. Non-Prime, No Doc, Lite Doc, Reduced Doc, Bank Statement Lenders, 1099 Only option is designed for Borrowers who receive one or more 1099 's per year and can be combined with other types of full doc income. Form 1040 Only, and One Year Tax Returns, etc.

Investors | DSCR - 580 Credit Score

Real Estate Investor Debt-Service-Coverage Ratio (DSCR) programs with alternative income documentation and employment history like the No Doc loans, etc.

Correspondent Lenders

For favorable pricing and superior service, we have inhouse Correspondent Lenders with exceptional turn times. Conforming loans (minimal to no guideline over-lays with 60% DTI and reserves waivers) to Portfolio Qualified Mortgage lenders that offer a-paper, 

Asset Depletion

Lenders who allow for Asset Depletion to supplement income to qualify open up multiple qualifying methods for borrowers who have more assets than income: Asset Depletion converts borrower's assets to income. Assets must cover loan amount, down payment, reserves, and 5 years of current monthly obligations

Portfolio Mortgage Lenders

A portfolio mortgage lender can be completely different than any other lender. All loan approvals underwritten in-house seldomly require investor signature. A portfolio lender will identify a market niche and in-turn develop a portfolio of Qualified or Non-Qualified loan products specific and unique to the under-served market demographic with either a Qualified Mortgage (QM) loan program or a Non-Qualified Mortgage (Non-QM) loan program. Special Conforming loans with minimal to no guideline over-lays such as a 60% DTI and reserve waivers.

Customized Financing Solutions

Manual underwriting allows the lender to look at each borrower as an individual, into a reasonable mortgage. Because these lenders will service the loan often for the life of the loan, they make their own rules and in the world of mortgage lending, that means their own underwriter guidelines. Fast closings in 30 days or less and pre-approvals done within 48 hours of complete submission.

Non-Prime Lenders

Underwriting Guideline exceptions and requirements are based on credit scores, Debt to Income ratio, equity position/loan to value ratio, occupancy, property type, and various variables and loan characteristics such as "credit event" seasoning.

"Benefit to Borrow" (tangible benefits):

·         Documentation type, Credit Depth and Seasoning, Borrower employment and business seasoning, Liquid asset sources, purchase seasoning.

·         Property Acquisition for Self-Employed and Agency Fall-out

·         Interest Rate Deduction

·         Credit Card Debt Consolidation

·         Disposable Income Increase

·         Fixed Rate or Term Extension Rate and Term Refinance

·         Cash Out Refinance for Business Expansion

Self-Employed Income Documentation

·         1099 Only (one year and two history verification)

·         Asset Depletion loans (all qualifying as a stand-alone income or to supplement)

·         One to Six Month Bank Statement Programs (1 month through 6 months)

·         P&L Only

Self-Employed Verification of Employment (VOE) Options

·         Borrower Prepared P&L

·         CPA or equivalent

·         Accountant/Tax Professional

Lite Doc and Reduced Doc Programs

·         1 Year Tax Return - 1 Year

·         Reduced Doc for W-2 for Wage Earning borrowers

Jumbo and Super Jumbo Loan Amounts

·         $300,000 to $30,000,00

·         Cash Out Limit - $15,000,000

Below are Underwriting Feature Guidelines

·         1 Year VVOE Verbal Verification of Employment for W-2 Wage Earners

·         1 Year Tax Return Calculation Allowed for Self-Employed Borrowers - 75% LTV

·         LTV's up to 85% allowed. We will allow a second lien over 85% CLTV – Combined Loan-to-Value from another lender on a Case-by-Case basis

·         LLC Closings Allowed Including Cash-Out.

·         No Cash Out Limits. Unlimited Cash-Out/Cash in Hand up to $5,000,000 maximum loan amount and title seasoning is not requirements

·         Non-Occupant Co-Borrower Allowed on Rate/Term Refinance

·         Cash Out Refi, Second Homes, and purchase transactions with true blended ratios

o    Cash Out qualifies as reserve requirements or added to the asset depletion calculator

·         Cross Collateral and Bridge Financing

·         Departing Residence Solutions - Exclude Departing Residence Housing Expense to be Sold / Not yet in Contract to make it easier to DTI Qualify

·         Pledged Asset Lending

·         Business funds allowed for down payment and reserves

·         Gift funds allowed for down payment and reserves, even on investment properties

·         Investor-friendly underwriting (abbreviated schedule e calculations for 5 + properties)

·         Boarder and VRBO / Airbnb income allowed

·         Vesting in entities different trust situations, privacy mortgages

·         Combine all our programs

Asset Depletion and Debt-to-Income (DTI) Flexibility

·         Restricted Stock Units. Stock option income. RSU's, Stock Options, Stock Grants may be used as income and the vested stock can be used as an asset.

·         Exclude the PITI on a primary residence listed for sale with 25% equity.

·         Removal of alimony AND child support from the income vs. adding as liability.

Eligible Property Types:

·         Non-Warrantable Condos, Condotels, Co-ops

Eligible Borrowers:

·         Foreign Nationals and Work Visa Borrowers with no US Credit or Tax Returns - No credit - OK

·         Visa's - Work and Student visas, EAD

Available Terms:

·         ARM and Fixed Rates Available

·         Interest-Only Available on 40 Year Fixed

 

 

Top level Non-QM lender for Prime, Non-Prime Portfolio Product

"Non-QM Tips & Tricks" on Bank statements, 1099 Only and K-1 Only. Tax Returns, Transcripts - Not Required

Top 5 Rated Non-QM lender in the United States

Income Doc Types Available

Bank Statement Programs: 1 Month, 2 Months, 3 Months, 6 Months, 12 Months, and 14 Months

12 Months Personal Bank Statement Program - 100% deposit utilization. Multiple bank accounts from both personal and business accounts with credit scores down to 620 to 80% LTV and 660 to 90% LTV. Interest-Only with a 30 year 40 year terms available. 

Qualifying Income is the Lower of the Following Two Options

Borrower Prepared P&L Statement should be supported with business bank statements. Can "gross up" P&L 115%. 

Expense Factor 15% to 85% depending realistic numbers based on business scope including industry, service/product/manufacturing, B2B, B2C, etc. CPA, Tax Professional or Business Associate Prepared P&L

Additional Income Deposited

W2's wage earner full doc income, 1099 sole proprietor business, rental income, distribution payment (unseasoned OK), asset utilization, social security, child support, alimony, Airbnb, side business. Transfers from other accounts must be sourced and not seasoned

True DSCR

No Ratio - 80% LTV. ADU Income OK. 620 Credit Score. Gift Funds

No employment or REO conditions, 75% LTV to $$4,000,000, 70% to $4,500,000 and /65% LTV to 4 $5,000,000

Asset Depletion Options

Eligible Reserves

Cash Out can be used for reserve requirement

Bitcoin now accepted as liquid assets for qualifying purposes, down payment, closing costs - OK

First Time Homebuyers (FTHB) - OK

First Time investors Available - Jumbo Loans to 90% LTV

Terms

30 and 40 Year Fixed and Interest Only Options on Fixed Rates

 

 

  Mortgage Pre-Qualification Form - No Credit Check   

Unique Mortgage Service

We can pre-qualify you without pulling your credit; we can research your "loan scenario" with an extensive number of lenders (Prime, Non-Prime, Portfolio) and loan programs (qualified and non-qualified) including niche programs to meet a specific requirement(s)

We feel our service is unique in that we can prequalify, pre-approve (pre-approval letter) and price loans without processing a full application and without pulling credit. It's important that you be properly pre-qualified before anything else.

Conventional and Unconventional Lenders

We also have all of the conventional lenders and loan programs, Fannie Mae, Freddie Mac, FHA and VA, all agency programs. What makes our agency lenders unconventional is the absence of individual lender guideline overlays. We also have manual underwriting available.

Conditional Loan Approval (CLA)

Are you in the market for a mortgage or are you in the market for the right mortgage? We speak to individuals every day that are online researching loan programs. We offer a full spectrum of loan programs. Please let us know how we can help you. It may be the thing that separates you from the right mortgage is the wrong loan officer.

Extraordinary Service

Extraordinary service is about providing the right loan program to fit your particular needs quick turn-times, and flexibility. Check back often as we are always updating our loan programs as this industry continues to evolve.

Portfolio Mortgage Lenders

A portfolio mortgage lender can be completely different than any other lender. All loan approvals are underwritten in-house seldomly require investor signature. A portfolio lender will identify a market niche and in-turn develop a portfolio of Qualified or Non-Qualified loan products specific and unique to the under-served market demographic with either a Qualified Mortgage (QM) loan program or a Non-Qualified Mortgage (Non-QM) loan program.

True Portfolio Lenders and Customized Financing Solutions

Manual underwriting allows the lender to look at each borrower as an individual, into a reasonable mortgage. Because these lenders will service the loan often for the life of the loan, they make their own rules and in the world of mortgage lending, that means their own underwriter guidelines. Fast Closing   xxxxxxxx  Fast closings in 30 days or less and pre-approvals done within 48 hours of complete submission.

QM, Non-QM, and Non-Prime Lenders

Underwriting Guideline exceptions and requirements are based on credit scores, Debt to Income ratio, equity position/loan to value ratio, occupancy, property type, and various variables and loan characteristics such as "credit event" seasoning.

Benefit to Borrow (tangible benefits):

  • Documentation type, Credit Depth and Seasoning, Borrower employment and business seasoning, Liquid asset sources, purchase seasoning.
  • Property Acquisition for Self-Employed and Agency Fall-out
  • Interest Rate Deduction
  • Credit Card Debt Consolidation
  • Disposable Income Increase
  • Fixed Rate or Term Extension Rate and Term Refinance
  • Cash Out Refinance for Business Expansion

Self-Employed Income Documentation Programs

  • 1099 Only (one year and two history verification)
  • Asset Depletion loans (all qualifying as a stand-alone income or to supplement)
  • One to Six Month Bank Statement Programs (1 month through 6 months)
  • P&L Only

Self-Employed Verification of Employment (VOE) Options

  • Borrower Prepared P&L
  • CPA or equivalent
  • Accountant/Tax Professional

Lite Doc and Reduced Doc Programs

  • 1 Year Tax Return - 1 Year
  • Reduced Doc for W-2 for Wage Earning borrowers

Jumbo and Super Jumbo Loan Amounts

  • $300,000 to $30,000,00
  • Cash Out Limit - $16,500,000

Below are Underwriting Feature Guidelines

  • 1 Year VVOE Verbal Verification of Employment for W-2 Wage Earners
  • 1 Year Tax Return Calculation Allowed for Self-Employed Borrowers - 75% LTV
  • LTV's up to 85% allowed. We will allow a 2nd lien over 85% CLTV – Combined Loan-to-Value from another lender on a Case-by-Case basis
  • LLC Closings Allowed Including Cash-Out.
  • No Cash Out Limits. Unlimited Cash-Out/Cash in Hand up to $4,000,000 Max Loan Amount and No Title Seasoning Requirements
  • Non-Occupant Co-Borrower Allowed on Rate/Term Refinance
  • Cash out refi, second homes, and purchases with true blended ratios
    • Cash out can be counted towards reserves or added to the asset depletion calculator
  • Cross Collateral and Bridge Financing
  • Departing Residence Solutions - Exclude Departing Residence Housing Expense to be Sold / Not yet in Contract to make it easier to DTI Qualify
  • Pledged Asset Lending
  • Business funds allowed for down payment and reserves
  • Gift funds allowed for down payment and reserves, even on investment properties
  • Investor-friendly underwriting (abbreviated schedule e calculations for 5 + properties)
  • Boarder and VRBO / Airbnb income allowed
  • Vesting in entities, many different trust situations, privacy mortgages
  • Combine all of our programs

Asset Depletion and Debt-to-Income (DTI) Flexibility

  • Restricted Stock Units. Stock option income. RSU's, Stock Options, Stock Grants may be used as income and the vested stock can be used as an asset.
  • Exclude the PITI on a primary residence listed for sale with 25% equity.
  • Removal of alimony AND child support from the income vs. adding as liability.

Eligible Property Types

  • Non-Warrantable Condos, Condotels, Co-ops

Eligible Borrowers

  • Foreign Nationals and Work Visa Borrowers with no US Credit or Tax Returns - No credit - OK
  • Visa's - Work and Student visas, EAD

Available Terms

  • ARM and Fixed Rates Available
  • Interest-Only Available on 40 Year Fixed
  Mortgage Pre-Qualification Form - No Credit Check