Matrix: Nonprime Niches
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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 Greenboxthinks outside the box with a common-senseapproachin
helping qualified borrowers obtain the financing they need.
HomeXpress Mortgage Corp.
714-598-1430
www.homexmortgage.com
marketing@homexmortgage.com
100K 2M 90 50 PRC Y Y Y Y Y 20 Y Y 25 Y Y Y Y Y Y Y
AZ CA CO CT DC FL GA ID IL MD NC NJ NV OH OR PA SC TX UT WA Credit scores starting at 500. Short-term rental program.
Alternative documentation programs. Lease options treated as refi. No DSCR program.
LoanStream
800-760-1833
www.lswholesale.com
ezqual@lswholesale.com
150K 2M 75 0 PRC Y Y Y U Y Y Y Y Y Y
AZ CA CO DC FL GA IL IN KY LA MA MD MN MT NC NJ NM NV OK OR TX UT WA WI Special investor programs with no-doc I/O options.
No income, no assets and no post-close reserve requirements. OCMBC Inc. dba LoanStream NMLS No. 2125
Mortgage Assurance Inc.
770-238-1565 x112
www.maibroker.com
kevin@maibroker.com
75K 2M 90 43 PRC Y Y 10 Y 10 Y
AL CO CT FL GA IL IN KY LA MD ME MN NC NH PA SC TN TX VA WA Trusted since1997, multipleinvestorsallow usto shopour rates.
Call or e-mail for more info on our ECOP product.
Sprout Mortgage
866-707-8800
sproutmortgage.com
info@sproutmortgage.com
75K 4M 90 59PRC YYYYYY U YY 10 Y Y YYYYY
NATION WIDE except: HI MA MO N Y U T VA Sprout Mortgage/Recovco Mortgage Management blazes the NP trail with LPC, rates starting in the 4%s,
no ratio NOOs, bank statement loans, N-W condos and loan sizes to $4M.
The Nonprime Niches describes
mortgages for borrowers and property
types that cannot meet Qualified
Mortgage (QM) standards. This matrix
assumes 1-4 unit residential properties.
Maximums may not apply to all borrower,
property or loan types.
1 Minimum loan amount ($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 PROPERT Y 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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AY
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AY
D
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AY
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AY
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