- Bank Statements can be used for income qualifying!
- Ideal for self-employed borrowers
- Loan amounts up to $2,500,000
- Investment Properties can qualify based on Debt Service Coverage Ratio (DSCR) of 1% (break-even or cash flowing rental income)
- Recent Derogatory Credit Events allowed within past year
- Credit scores as low as 580 FICO allowed
- Interest-Only payment option available up to 80% LTV/CLTV
- Available for Primary, 2nd Home, and Investment property transactions
- Purchases and Rate/Term refinances allowed up to 95% LTV
- Cash-Out refinances allowed up to 85% LTV
Contact Dave Kevelighan for Non-QM loan scenarios & pricing today!
Learn more about how a Non-QM loan works here.