Matrix: Nonprime Niches
Post your loan: ScotsmanGuide.com/LoanPost Search matrix: ScotsmanGuide.com/NonprimeNiches
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.
Tell lenders you found them in Scotsman Guide
A & D Mortgage
305-760-7007
www.admortgage.com
sales@admortgage.com
100K 10M 9055PRCYYYYYYY U YYY 10 YYYYY YYYYY
CA CO FL MN NJ PA TX VA Direct portfolio investor & underwriter. P&L qualification or personal bank statements, no-income options for investment,
low-rate foreign nationals. Web-based LOS & pricing.
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, recenthousing events,1year oftaxreturnsonly, foreign national, bank statement,
no-doc. Now offering automated underwriting and pricing at warpspeedunderwriter.com!
Amerifund Home Mortgage LLC
212-922-9555
www.amerifundalternativeloans.com
info@amerifund.us
500K 20M 80100PRCYYYYYYY U YYY YYYY YYYYY
NATION WIDE 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 3M 90 50 PRC Y Y Y Y U Y 10 Y Y Y Y
NATIONWIDE except: AK HI ID MA MO MT ND NH NY OK SD VT WV WY Credit scores starting at 500. Bank statement program for 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
NATIONWIDEexcept: AK AR DC DE IA IN MI MN ND NV OH PA RI SD VT Athas Capital Groupis committed tothe 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 3M 90 50 PRC 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
Citadel Servicing Corp.
949-900-6630
www.citadelservicing.com
sales@citadelservicing.com
75K 3M 90 50PRC YYYYYY 20 YYYYY 25 YY YYYYY
NATION WIDE except: AK C T HI IA MA MO MS ND NM NY OH SD WV Up to 90% LTV, 500 FICO, no seasoning on short sales, foreclosures or bankruptcy.
50% DTI, no reserves, 1-month bank statements, personal or business! Loans to $3M.
Equity Cap Fund Advisors
866-897-6966
www.equitycapfundadvisors.com
info@equitycapfundadvisors.com
20K5M10060PRCYYYY YYU Y Y Y YYY Y
NATIONWIDEexcept: AK AL IA ID IL LA MD MI MN MT ND NE RI SC SD VT WY Weprovide stated, cross-collateral unlimited amount of properties
(blanket loans) bridge loans for investors on non-owner residential and commercial real estate only.
Excelerate Capital
949-656-3047
www.ec-tpo.com
badams@exceleratecapital.com
200K 2M 85 50 PRC Y Y Y Y Y 20 Y Y Y Y Y Y
CA CO OR TX A leader in non-QM lending. We offer a wide range of solutions for a variety of borrowers.
First National Bank of America
800-400-5451
www.fnba.com/mortgagebrokers
resbrokers@fnba.com
25K 6M 8555PRCYYY YY U Y YYYY U YY YY YYY
NATIONWIDE except: CA No seasoning on bankruptcy or foreclosure. DTI up to 55%; LTV up to 85%. Bank statement program for self-employed borrowers.
Loans up to $6M.
FMC Lending
888-297-4440
www.fundmortgagecapital.com
jp@fundmortgagecapital.com
25K 4M 80 PRC YYYYYYY 30 YYYYYY 275 YYYYY YYYYY
CA A subprime-direct lender. Fund owner & non-owner max 80% LTV. Stated & no-doc, no FICO programs.
1st & 2nd loans. Residential, apartment & commercial. Rates start at 7.99%.
FundLoans
760-388-5888
www.fundloans.com
info@fundloans.com
500K 10M 9060PRCYYYYYY U YYY Y YY YYY Y
AZ CA CO FL OR TX WA We fund “make-sense” loans when traditional channels will not & make exceptions based on compensating factors.
GreenBox Loans Inc.
800-919-1086
www.greenboxloans.com
wholesaleinfo@greenboxloans.com
150K 2.5M 90 55PRC YYYYYY U Y Y Y YYYYY
AZ CA CO CT DE FL GA ID IL LA MD MI MS NC NJ OH OK OR PA TX VA WA Greenbox thinks outside the box witha common-sense approach in
helping qualified borrowers obtain the financing they need.
The Nonprime Niches describes
mortgages for borrowers and property
types that cannot meet Qualified
Mortgage (QM) standards. This matrix
assumes 1-4 unit residential properties.
Maximums may not apply to all borrower,
property or loan types.
1 Minimum loan amount ($K)
2 Maximum loanamount ($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
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
