Non-QM Mortgage Program

A zero-down financing program that allows for up to 101.5% LTV to include closing costs, with no income cap and no requirement for first-time homebuyers.

Underwriting at a glance

Minimum FICO
600+
Max LTV (purchase / rate-term)
101.5%
Max LTV (cash-out)
-
Loan amount
? - $1,250,000
Documentation
full-doc
States
AZ, CA, GA, IL, MA, MO, RI, NJ, VA, AK, AL, AR, CO, CT, DC, DE, FL, HI, IA, ID, IN, KS, KY, LA, MD, ME, MI, MN, MS, MT, NC, ND, NE, NH, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, WA, WI, WV, WY

Highlights

  • 101.5% LTV option to include closing costs
  • No income cap
  • First-time homebuyer not required
  • Decisions made in-house
  • 101.5% financing option to include closing costs
  • Not limited to first-time homebuyers
  • Not limited to first time homebuyers
  • Up to 2 units allowed
  • Min FICO 620
  • Loans up to $1.25M

Want to see if you qualify?

Tell us about your scenario - we'll come back with current pricing and exact guidelines.

Program guidelines and rates can change at any time without notice. Last confirmed 8/21/2026. Not a commitment to lend.

Today's mortgage rates

Conventional

6.250%

6.288% APR

FHA

5.750%

5.780% APR

VA

5.750%

5.780% APR

Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.

Have a term sheet or loan estimate?

Upload a competing offer. We'll show you what we can save you.

Backed by a $2,000 Best Price Guarantee. Terms

Not ready to apply?

No pressure. Reach out with your scenario and we'll get back to you with a same-day response.

Jennifer Kirby

Rate Direct is run by Jennifer Kirby. Every loan is originated personally through Loan Factory Inc. Every email, text, and call comes from us directly, and we never sell your information.

NMLS# 2672337 Loan Factory Inc., NMLS# 320841

jennifer@ratedirect.netjennifer.kirby@loanfactory.com

Backed by Loan Factory's $2,000 Best Price Guarantee

Find a lower rate elsewhere? We'll beat it or pay you $2,000. Send your competing Loan Estimate and we'll return a side-by-side comparison the same day.