2nd

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

NonQM 2nd Highlights

  • Min Score 660
  • CLTVs to 90%
  • No Reserve Requirement
  • Loan Amounts to $750,000
  • Primary, 2nd Home & NOO Accepted
  • Combined loan amounts to $5 million
  • Full Doc, 1099, and Bank Statement Options
  • 1-4 Family Home
  • Fixed Rate, Fully Am, – 10, 15, 20 & 30 year
  • DSCR Product available with a factor of 1.00 or greater (Experienced Investors only)
  • AVM and Property Condition Inspection option instead of a Full Appraisal on loan amounts </= $400,000 and non-HMPL loans

Premier NonQM 2nd Highlights

  • Superior Pricing for well qualified Full Doc borrowers
  • Loan amounts to $500,000
  • Up to 80% CLTV
  • 700 Minimum FICO
  • Bank Statement Product available
  • Expanded DTI to 50%
  • AVM and Property Condition Inspection option instead of a Full Appraisal on loan amounts </= $250,000 and non-HPML loans

Resources

Click Here for Custom White Label Flyers

NonQM 2nd Matrix

Premier NonQM 2nd Matrix