Non-QM Mortgage Program

A Non-QM cash-out refinance program that allows borrowers to refinance immediately after purchase without a waiting period, applicable to both primary and investment properties.

Underwriting at a glance

Minimum FICO
-
Max LTV (purchase / rate-term)
80%
Max LTV (cash-out)
80%
Loan amount
-
Documentation
-
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, MS, MT, NC, NE, NH, NM, OH, OK, OR, PA, SC, SD, TN, TX, UT, WA, WI, WV, WY

Highlights

  • Refinance immediately after purchase with no waiting period
  • Use lesser of appraised value or purchase price plus documented improvements
  • Title in LLC or Corp allowed for business purpose loans
  • Available for primary or investment properties
  • Max LTV up to 80%
  • Primary or investment properties eligible
  • Title in LLC or Corp OK for business purpose
  • Borrower must be original purchaser of subject property

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 8/25/2026. 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.