Non-Prime Mortgages

Non-Prime Mortgage Lending offers a diverse spectrum of mortgage options, our non-prime mortgage products cater to borrowers with varying credit profiles and financial circumstances. With our Full Doc option, applicants with a minimum FICO score of 560 can access financing, while those opting for Bank Statements need a minimum FICO score of 600.

Non-Prime and Unique Income Documentation

Non-prime alternative income and employment documentation starts with a 600 credit score. 580 credit score with compensating factors. Find out what you qualify for without a credit check with our comprehensive short application.

We understand the complexities of income documentation, hence why we accept 1099 income only and offer flexibility with Written Verification of Employment (WVOE) and P&L statements, even if unaudited and provided by tax (not sourced) preparers.

Flexible Loan Program Guidelines

Our commitment to flexibility extends beyond income verification. With our Asset-Based approach, we evaluate borrowers’ ability to repay without being limited to a “Debt-to-Income” (DTI) ratio. Additionally, we consider Asset Utilization and offer loan amounts ranging up to $5,000,000, with larger amounts considered on a case-by-case basis. We specialize in financing properties that may not meet traditional lending criteria, including Condotels, Non-Warrantable Condos, Short-Term Rentals, Adult Care Facilities, Rural properties, and Manufactured or Modular homes classified as real property.

Recent Credit Life Events

Furthermore, our non-prime mortgage products accommodate borrowers with recent credit events such as Short Sale, Deed in Lieu, Modification, Bankruptcy, or Foreclosure, with acceptable occurrences within specific timeframes. Additionally, we provide options for Interest-Only payments with both 5/30-year and 10/40-year terms. With a focus on meeting diverse borrower needs, our non-prime mortgages offer flexibility, accessibility, and tailored solutions for a wide range of applicants

Non-Prime Mortgages – Do You Qualify

Regarding credit, typically, non-prime lender guidelines allow for derogatory credit like one day after “major credit event” such as a bankruptcy, foreclosure, short sale, deed-in-lieu, mortgage lates (up to 1×60 days late) in the previous 18 months and lower credit scores down to 520 for both conventional and unconventional, Non-Qualified mortgage loans.