Matrix: Nonprime Niches
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A & D Mortgage
754-209-0300
www.admortgage.com
max.slyusarchuk@admortgage.com
100K 10M 9055PRCYYYYYYY U YYY 10 YYYYY YYYYY
CA CO FL GA MN NJ PA TX VA Direct non-QM portfolio investor & underwriter. P&L only or 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, recent housing events,1year of tax returns only, foreign national, bank statement, no-doc.
Now offering automated underwriting and pricing at warpspeedunderwriter.com!
ALTLOAN
833-258-5626
www.altloan.com
sales@altloan.com
150K 2M 75 0 PRC Y Y Y 20 Y Y Y Y Y Y Y
NATIONWIDE except: DE FL IA ID KS ND NV SD VT WA No doc 1-4 unit investment property (no DTI, DSCR or lease required).
Real-time pricing & eligibility engine, 24-hour prequals and money-backed turn-time guarantees.
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 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 committedto the re-emergence of subprime.
Please call one of our friendly wholesale reps and let us earn your “A” paper fallout business!
Carrington Mortgage Services LLC
866-453-2400
www.carringtonwholesale.com
wholesalecontact@carringtonms.com
100K 1.5M 85 55 PRC Y Y Y 5 Y Y Y Y
NATION WIDE except: AK MA ND NY WV Minimum 500 credit score. Bank statement program available. BK, FC, SS, DIL ok. ARM & fixed programs available.
Citadel Servicing Corp.
949-900-6630
www.citadelservicing.com
sales@citadelservicing.com
75K 5M 90 50PRC YYYYYY 20 YYYYYY 25 YY YYYYY
NATION WIDE except: AK 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 $5M.
Deephaven Mortgage
704-625-2647
www.deephavenmortgage.com
jmcmillan@deephavenmortgage.com
100K 2.5M 90 55 PRC Y Y Y Y Y Y U Y Y Y Y Y Y
NATIONWIDE except: AK HI MA MO NY WV As a wholesale lender we offer expanded prime, near prime, nonprime and investment property products with
loans up to $2.5M and 90% LTV. Additional restrictions may apply.
Equity Cap Fund Advisors
866-897-6966
www.equitycapfundadvisors.com
info@equitycapfundadvisors.com
20K5M10060PRCYYYY YYU Y Y Y YYY Y
NATIONWIDEexcept: AK AL IA ID IL LA MD MI MN MT ND NE RI SC SD VT WY We provide stated, cross-collateral unlimitedamount of properties
(blanket loans) bridge loans for investors on non-owner residential and commercial real estate only.
The Nonprime Niches describes
mortgages for borrowers and property
types that cannot meet Qualified
Mortgage (QM) standards. This matrix
assumes 1-4 unit residential properties.
Maximums may not apply to all borrower,
property or loan types.
1 Minimum loan amount ($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 T YPES LOAN CHARACTERISTICS
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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