Standard Non-QM Products

• Option 1 – 60 months
  •  Minimum Eligible Assets required are the lessor of $1,000,000 or 150% of the loan amount
  • Qualifying income based upon Total Assets Eligible for Depletion, less down payment, less out of pocket closing costs, less required reserves, divided by 60.
  • Maximum DTI 43%.
• Option 2 – 84 months
  • No Minimum Eligible Assets amount is required.
  • Qualifying income based upon Total Assets Eligible for Depletion, less down payment, less out of pocket closing costs, less required reserves, divided by 84.
  • Maximum DTI 43%

Eligible asset sources

• Checking
• Savings
• Money Market Accounts
• Stocks
• Bonds
• Mutual Funds
• Retirement Assets.

• Personal and Business Bank Statements allowed
• 12 month and 24 month Bank Statement options
• Max LTV (purchase only)
  • Up to 90% on Non QHEM Plus
  • Up to 85% on standard Non QHEM
• 2nd Home and Investment properties up to 80% LTV
• Loan amounts up to $4MM
• Non-Warrantable Condos allowed
• DTI up to 55%
• Credit scores down to 620
• Recent Credit Events Allowed
• 7/6 and 10/6 ARM, 30, and 40 yr I/O option not fixed
• Multiple financed properties allowed

• DTI up to 55%
• Credit scores down to 620
• Recent credit events allowed
• All occupancy types allowed
• 7/6 and 10/6 ARM, 30, and 40 yr I/O option not fixed
• Multiple financed properties allowed
• Max LTV (purchase only)
• Up to 90% on Non QHEM Plus
• Up to 85% on standard Non QHEM
• Non-Warrantable Condos allowed
• Loan amounts up to $4MM