Non-QM Mortgage Program
A closed-end second lien loan option that supports various income documentation types or DSCR qualification for cash-out needs.
Underwriting at a glance
- Minimum FICO
- -
- Max LTV (purchase / rate-term)
- 85%
- Max LTV (cash-out)
- -
- Loan amount
- ? - $1,000,000
- Documentation
- 12mo-bank-stmt, 24mo-bank-stmt, p-and-l, 1099-only, dscr-only, asset-depletion, full-doc, alt-doc
- States
- most states
Highlights
- •Supports various income documentation types
- •DSCR options available for second liens
- •Designed for closed-end lien cash-out needs
- •Cash-out without refinancing the first mortgage
- •Up to 85% Max CLTV
- •Multiple income documentation options including bank statements and P&L
- •DSCR qualification available with minimum 1.00 ratio
- •Available on primary, second homes, and investment properties
- •DSCR qualification available with a 1.00 ratio
- •Multiple income documentation options available
- •Second lien position
- •Qualified using cash flow alone
- •No income required
- •AVM confidence factor lowered to 90%
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 5/15/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.125%
6.164% APR
FHA
5.500%
5.531% APR
VA
5.500%
5.530% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.