Non-QM Mortgage Program
A non-QM loan program for condotel properties, offering flexible financing options for purchase, rate-term, and cash-out transactions for both primary residences and investment properties.
Underwriting at a glance
- Minimum FICO
- -
- Max LTV (purchase / rate-term)
- 85%
- Max LTV (cash-out)
- 65%
- Loan amount
- -
- Documentation
- dscr-only
- States
- most states
Highlights
- •Up to 75% LTV for DSCR purchase
- •70% LTV for rate and term refinance
- •65% LTV for cash-out refinance
- •85% LTV for owner occupied and second home
- •Minimum 500 square feet required
- •Full kitchen required
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 5/10/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
5.875%
5.906% APR
FHA
5.375%
5.405% APR
VA
5.375%
5.402% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.