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Matrix: Nonprime First Mortgages
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Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: matrixfeedback@scotsmanguide.com.
This matrix should be used to find detailed criteria for first mortgages that do not meet Qualified Mortgage standards.
Please consult the Nonprime Niches matrix for other program/product information or unusual property/loan characteristics.
LEGEND: P=Purchase; R=Rate and Term Refi; C=Cash-Out Refi; O=Owner-Occupied; V=Vacation Home; N=Non-Owner-Occupied; BK=Bankruptcy; FC=Foreclosure;
SS=Short Sale; SE=Self-Employed; VA=Verified Assets; AD=Asset Depletion; I/O=Interest Only; F=Fixed Interest Rate; A=Adjustable Rate Mortage (ARM); B=Both
All parameters on each line are used in combination
with one another — each line represents a specific
loan scenario or credit grade
PROGRAM NAME COMMEN TS
O
V
N
P
R
C FICO FICO $K $K LTV% LTV% SE
FULL
DOC BK
#
30s VA FC
#
Days AD SS
#
Months
OCC PURP
FICO/LTV LOAN AMOUNT CREDIT
MON THS
SINCE
MTG LATES
#
UNI TS DTI CLTV ARM TERMS
#
YRS
I/O
Fixed,
ARM,
Both
RATE
FundLoans AZ CA CO FL OR TX WA
760-994-4014 ctanael@fundloans.com www.fundloans.com
Montage OVN PRC 1-4 Y Y Y Y 36 36 36 1 640 70 10000 680 75 10000 60 75 10 A 5, 7, 10 Exceptionbased,human U/W
Icon OV PRC 1-4 Y Y Y Y 0 0 0 1 680 85 3000 580 75 1500 50 85 7 B 5, 7
Spectrum N PRC 1-4 Y Y Y Y 12 12 0 1 660 80 2500 540 70 1000 0 80 7 B 5, 7
Montage: super-jumbo loans from $500K to $10M, non-QM, down to 640 FICO. Icon: bank statement program, loans from $500K to $3M, foreclosures, short sales & BKs OK, down to 580 FICO. Spectrum: loans from $500K
to $2M, foreclosures, short sales & BKs OK, down to 580 FICO.
GreenBox Loans Inc. AZ CA CO CT DE FL GA ID IL LA MD MI MS NC NJ OK OR PA TX WA
800-919-1086 wholesaleinfo@greenboxloans.com www.greenboxloans.com
1 DayOut Foreclosure OVN PRC 1-4 Y Y Y 12 500 70 750 580 80 750 50 80 B 7/1 No foreclosure or SS seasoning
Nonprime OVN PRC 1-4 Y Y Y 12 24 24 500 70 1000 680 90 1000 50 90 B 7/1 24-m fr housing event/12-m BK
24-Mo Bank Statement OVN PRC 1-4 Y Y 36 36 36 660 80 1000 740 90 650 50 90 10 B 7/1 24-months, no MI, 70% cash-out
24-Mo BS Nonprime OVN PRC 1-4 Y Y 12 24 24 580 80 750 600 80 1000 50 80 B 7/1 24-months bank statements
Foreign National VN PRC 1-4 Y Y Y 84 84 84 65 2000 70 1000 50 70 10 B 7/1 Traditional income doc
Investment N PRC 1-4 Y 24 24 24 640 70 1000 700 75 1000 10 B 5/1 NOO no reserves, no ratios
Investment Income N PRC 1-4 Y Y 36 36 36 620 65 650 700 75 650 10 B 5/1 Qualify on rental income
Foreign National INV N PRC 1-4 Y 24 24 24 70 1000 65 2000 10 B 5/1 FN inv. no reserves, no ratios
Fund more loans through our proprietary programs and guidelines! Nonprime loans up to $2M, minimum 500 credit score. Up to 90% LTV, up to 50% DTI.
LoanStream AZ CA CO DC FL GA IL IN KY LA MA MD MI MN NJ NM NV OH OK OR TX UT WA WI
800-760-1833 ezqual@lswholesale.com www.lswholesale.com
SIVA O PRC 1 Y Y 84 84 84 0 30 25 700 70 1000 700 60 2000 43 70 A 5/1; 7/1 Ask about other SIVA loans
Alt-DocLoan OVNPRC 1-4 Y Y Y Y 1 1 1 1 30 12 600 65 2000 680 85 2000 50 85 10 B 5/1;7/1 Nonprimeisback
Blended Income OVN PRC 1-4 Y Y Y Y 24 24 24 0 30 25 600 65 2000 680 85 2000 50 85 10 B 5/1;7/1 12-Month BKstmts.light-doc
No-Doc N PRC 1-4 Y Y 24 24 24 0 30 25 640 70 2000 700 75 2000 0 75 10 A 3/1;5/1;7/1 Cash-outfornon-owners
Non-QMJumbo OVN PRC 1-4 Y Y Y Y 24 24 24 0 30 25 680 85 2000 50 80 B 5/1;7/1 Alt-docjumbo
Foreign National VN PRC 1-4 Y Y Y 24 24 24 0 30 25 680 75 1000 50 75 10 B 3/1;5/1;7/1 Foreign National Program
Prime Jumbo O PR 1 Y 84 84 84 0 30 48 720 90 1500 43 90 F Special high LTV jumbo
OCMBC, Inc. dba LoanStream NMLS No. 2125
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