Matrix: Nonprime Niches
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ACC Mortgage Inc.
877-349-0501
weapproveloans.com
prequalsubmissions@accmortgage.com
100K 1M 80 50 PC YYYYYYY 20 YYY 100 YYYY YYYY
AZ CA CO CT DC DE FL GA IL MD NC NJ NV PA SC TX VA WA ITIN, recent housingevents,1year oftaxreturnsonly, foreignnational, bank statement,
no-doc. Now offering automated underwriting and pricing at warpspeedunderwriter.com!
Amerifund Home Mortgage
212-922-9555
www.amerifundalternativeloans.com
info@amerifund.us
500K 20M 80100PRCYYYYYYY U YYY YYYY YYYYY
NATIONWIDE Super-Jumbo-Expanded non-traditional mortgages; 1-4 family, multifamily, condo & co-op.
Primary, second home & investment first-lien. Loan amounts $500K-$20M.
Angel Oak Mortgage
Solutions
855-539-4910
www.angeloakms.com
info@angeloakms.com
75K 2M 90 50 PRC Y Y Y Y U Y 10 Y Y Y Y Y
NATIONWIDE except: AK HI ID MA ME MO MT ND NE NH NY OK SD VT WV WY Credit scoresstarting at500. Bank statement programfor
self-employed borrowers. Up to 90% LTV, up to 50% DTI. No seasoning on short sale, bankruptcy or foreclosure.
Athas Capital Group
877-877-1477
www.athascapital.com
todd@athascapital.com
50K 3M 8055PRCYYYYYYY U YY Y U Y Y YYYYY
NATIONWIDE except: AK AR DC DE IA IN MI MN ND NV OH PA RI SD VT Athas Capital Group iscommitted to the re-emergence ofsubprime.
Please call one of our friendly wholesale reps and let us earn your “A” paper fallout business!
Caliber Home Loans
www.caliberportfoliolending.com
100K 2.5M 90 50 PRC Y Y U Y Y U Y Y Y Y
NATIONWIDE except: MA ME NY Caliber’s portfolio lending products offer more options for your borrowers - including non-warrantable condos and condotels!
E-mail: portfoliolendinginfo@caliberhomeloans.com
Cherrywood Commercial LLC
800-819-4199
www.cherrywood.com
info@cherrywood.com
75K 2M 70 PRCY YY U Y Y Y YY Y Y
NATIONWIDE except: AK DE ID MI MN ND SD UT VT Cherrywood Commercial focuses exclusively on investment properties. Contact us for financing on
single-family homes, condos, town homes and 2-4 unit buildings.
Citadel Servicing Corp.
949-900-6630
www.citadelservicing.com
sales@citadelservicing.com
75K 3M 90 50PRCYYYYYY 20 YYYYY 25 YY YYYYYY
NATIONWIDE except: AK CT HI IA MA MO MS ND NM N Y OH RI SD WV Up to 90% LTV, 500 FICO, no seasoning on short sales, foreclosures or bankruptcy.
50% DTI, no reserves, 24-month bank statements, personal or business! Loans to $3M.
Equity Cap Fund Advisors
866-897-6966
www.equitycapfundadvisors.com
info@equitycapfundadvisors.com
20K3M10060PRCYYYY YYU Y Y Y YYY Y
NATIONWIDE except: AZ DC IL IN LA MD NV We provide equity participation bridge loans for investors on residential real estate only for fix-n-flip, add value
& ground-up construction. Up to 90%+ LTC/70% ARV.
First National Bank of America
800-400-5451
www.fnba.com/mortgagebrokers
resbrokers@fnba.com
25K 6M 8055PRCYYY YY U Y YYYY U YY YY YYY
NATIONWIDE except: CA No seasoning on bankruptcy or foreclosure. DTI up to 55%; LTV up to 80%. Bank statement program for self-employed borrowers.
Loans up to $6M.
FMC Lending
888-297-4440
www.fundmortgagecapital.com
jp@fundmortgagecapital.com
25K 4M 80 PRCYYYYYYY 30 YYYYYY 275 YYYYY YYYYY
CA A subprime-direct lender. Fund owner & non-owner max 80% LTV. Stated & no-doc, no FICO programs. 1st & 2nd loans.
Residential, apartment & commercial. Rates start at 7.99%.
FundLoans
760-388-5888
www.fundloans.com
info@fundloans.com
500K 10M 9060PRCYYYYYY U YYY Y YY YYY Y
AZ CA CO FL OR TX WA We fund “make-sense” loans when traditional channels will not & make exceptions based on compensating factors.
GreenBox Loans Inc.
800-919-1086
www.greenboxloans.com
wholesaleinfo@greenboxloans.com
75K 2M 90 50PRCYYYYYY U Y Y Y YYYYY
AZ CA CO CT DE FL GA ID IL LA MD MI MS NC NJ OK OR PA TX WA Greenbox thinks outside the box with a common-sense approach in helping
qualified borrowers obtain the financing they need.
The Nonprime Niches describes
mortgages for borrowers and property
types that cannot meet Qualified
Mortgage (QM) standards. This matrix
assumes 1-4 unit residential properties.
Maximums may not apply to all borrower,
property or loan types.
1 Minimum loan
amount ($K)
2 Maximum loan
amount ($K)
3 Maximum LTV%
4 Maximum DTI%
5 Purpose:
P=purchase;
R=rate & term refi;
C=cash-out refi.
LOAN LIMITS CREDIT AND BORROWERS PROPERTY TYPES LOAN CHARAC TERISTICS
13 Max. of financed properties allowed;
U=unlimited
14 Non-warrantable condominiums
15 Condotels
16 Mixed-use
17 Mobile/manufactured homes post 1976
18 Mobile/manufactured homes pre 1976
19 Few comps: berm, log, modern
20 Max. of acres for rural and/or on acreage;
U=unlimited
21 Vacant land
22 Zoned other than residential
6 Alt-doc (bank
statements)
7 Asset depletion
8 Self-employed
9 Stated income/
verified assets
10 Foreign nationals,
owner-occupied
11 Foreign nationals,
non-owner-occupied
12 Property in
probate, heirs
23 Balloon loan offered
24 Business-purpose loans
25 Cross-collateral (blanket loans)
26 HELOC
27 Hybrid ARM
28 Interest only
29 No-seasoning refinance
30 No prepayment penalty
31 OK: foreclosure, bankruptcy,
short sale, NOD, NOS
32 Second mortgages/trust deeds
LENDERNAME 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
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