Matrix: Nonprime Niches
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5th Street Capital
200K 5M 9050PRCYYY YYY U YYY Y 40 Y Y YYYYY
AZ CA CO FL GA IL NC NV OR SC TX UT WA We take the guess work out of prime jumbo fallout, Alt-A and Non-QM loan products for our clients.
A & D Mortgage
100K 10M 9055PRCYYYYYYY U YYY 10 YYYYY YYYYY
CA CO FL GA NJ NY PA TX VA P&L only, WVOE only, 2m bank statement, no income investment, foreign national, assets utilization, commercial.
55% DTI, 90% LTV, No seasoning on BK,FC,SS. Up to $5M.
ACC Mortgage Inc.
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 Since 1999, we have been doing the deals other lenders can't.
I TIN, recent housing events, 1 year of tax returns only, foreign national, bank statement, no-doc.
Access Financial Group LLC
25K 500K 9045 PR YYY YYY U Y Y 40 YYY Y YYYYY
CO Direct lender since 1991. Owner occupied, investor, fix and flip, 2nd mtg. Up to 90% LTV.
ITIN, foreign national, no credit, prev BK/foreclosure, self employed.
150K 2M 75 0 PRC Y Y Y 20 Y Y Y Y Y Y Y
NATION WIDE except: DE FL IA ID KS ND NV SD V T 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
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
75K 3M 95 50 PRC Y Y Y Y Y U Y Y 10 Y Y Y Y
NATIONWIDE except: AK HI ID MA ND NY OK V T Credit scores starting at 500. Bank statement program for self-employed borrowers.
Up to 95% LTV, up to 50% DTI. No seasoning on short sale, bankruptcy or foreclosure.
Athas Capital Group
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 is committed to 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
100K 1.5M 85 55 PRC Y Y Y 5 Y Y Y Y
NATION WIDE except: AK MA ND N Y WV Minimum 500 credit score. Bank statement program available. BK, FC, SS, DIL OK. ARM & fixed programs available.
Citadel Servicing Corp.
75K 5M 90 50PRCYYYYYY 20 YYYYYY 25 YY YYYYY
NATIONWIDE 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.
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, non-prime and investment property products with
loans up to $3M and 90% LTV. Additional restrictions may apply.
Equity Cap Fund Advisors
20K5M10060PRCYYYY YYU Y Y Y YYY Y
NATIONWIDE except: AK AL IA ID IL LA MD MI MN MT ND NE RI SC SD VT WY We provide stated, cross-collateral unlimitedamount of properties
(blanket loans) bridge loans for investors on non-owner residential and commercial real estate only.
The Nonprime Niches describes
mortgages for borrowers and property
types that cannot meet Qualified
Mortgage (QM) standards. This matrix
assumes 1-4 unit residential properties.
Maximums may not apply to all borrower,
property or loan types.
1 Minimum loan amount ($K)
2 Maximum loan amount ($K)
3 Maximum LTV%
4 Maximum DTI%
R=rate & term refi;
LOAN LIMITS CREDIT AND BORROWERS PROPERTY TYPES LOAN CHARAC TERISTICS
13 Max. of financed properties allowed;
14 Non-warrantable condominiums
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;
21 Vacant land
22 Zoned other than residential
6 Alt-doc (bank
7 Asset depletion
9 Stated income/
10 Foreign nationals,
11 Foreign nationals,
12 Property in probate, heirs
23 Balloon loan offered
24 Business-purpose loans
25 Cross-collateral (blanket loans)
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