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Matrix: Nonprime First Mortgages
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A & D Mortgage CA CO FL MN NJ PA TX VA
305-760-7007 sales@admortgage.com admortgage.com
Bank Statement OVN PRC 1-4 Y Y Y Y 0 0 0 120 560 90 3000 55 10 B 5/1, 7/1 100% of deposits - no taxes 5
ForeignNational VN PRC 1-4 Y Y Y Y 0 0 0 120 75 10000 50 5 B 3/1,5/1,7/1 CPA-letters@ 5.5orno-income@ 7
Super Prime OV PRC 1-4 Y Y Y Y 24 24 24 1 620 90 3500 55 10 B 5/1,7/1 Fullnon-QM@ 4. 75
Non-Prime OVNPRC 1-4 Y Y Y Y 0 0 0 120 500 85 2500 55 5 B 5/1,7/1 Easynon-prime@ 5. 5
No Income VN PRC 1-4 Y 0 0 0 60 600 75 3000 5 B 3/1, 7/1 No income required 6. 5
No Income - Low Doc VN PRC 1-4 0 0 0 500 72 10000 5 F 5Y IO Balloon Best for 8 days closings 7. 99
Direct portfolio investor & underwriter. P&L qualification or personal bank statements, no-income options for investment, low-rate foreign nationals. Web-based LOS and pricing.
ACC Mortgage Inc. AZ CA CO CT DC DE FL GA IL MD NC NJ NV PA SC TX VA WA
877-349-0501 prequalsubmissions@accmortgage.com weapproveloans.com
2nd Chance O PR 1-4 Y Y Y Y 1 1 1 500 90 2000 50 80 B 3/1, 5/1, 10/1 Rates start at 5.75%
Stated Income N PRC 1-4 Y Y Y 1 1 1 500 75 2000 80 B 3/1, 5/1, 10/1 Rates start at 7.5%
Foreign National O PRC 1-4 Y Y Y 1 1 1 500 80 750 80 B 3/1, 5/1, 10/1 Rates start at 7.99%
Traditional B&C O R 1-4 Y Y 1 1 1 500 75 1000 43 80 F Rates start at 7.99%
ITIN O PR 1-4 Y Y Y 1 1 1 500 80 1000 43 80 F Rates start at 7.75%
InheritedProperty O R 1-4 Y Y Y Y 1 1 1 500 80 1000 43 80 F Ratesstartat7.99%
We have been lending continually in the subprime world since 1999. We know how to close loans that others turn down. We offer solutions, not just loans. Now offering automated underwriting and pricing at
warpspeedunderwriter.com!
Amerifund Home Mortgage NATIONWIDE
212-922-9555 info@amerifund.us www.amerifundalternativeloans.com
Jumbo Alt-Doc OVN PRC 1-4 Y Y Y Y 0 0 0 600 70 20000 650 80 20000 100 80 10 B 5/1, 7/1, 10/1 Int. only, rates start at 6%
SoftMoney OVNPRC 1-4 Y Y Y Y 0 0 0 600 70 20000 650 80 20000 100 80 10 B 5/1,7/1, 10/1 Noseasoning.Alt-doc
ForeignNational OVNPRC 1-4 Y Y Y Y 0 0 0 600 70 20000 650 80 20000 100 80 10 B 5/1,7/1, 10/1 Upto80%LTV
JumboMultifamily OVNPRC 1-4 Y Y Y Y 0 0 0 600 70 20000 650 80 20000 100 80 10 B 5/1,7/1, 10/1 Alternativeincomeallowed
JumboCo-op OVNPRC 1-4 Y Y Y Y 0 0 0 600 70 20000 650 75 20000 100 75 10 B 5/1,7/1, 10/1 Alternativeincomeallowed
BlendedIncome OVNPRC 1-4 Y Y Y Y 0 0 0 600 70 20000 650 80 20000 100 80 10 B 5/1,7/1, 10/1 Non-traditionalincomeOK
Super-Jumbo-Expanded non-traditional mortgages; 1-4 family, multifamily, condo & co-op. Primary, second home & investment first-lien. Loan amounts $500K-$20M. Rates start at 6%, interest only, 30-yr terms.
Angel Oak Mortgage Solutions NATIONWIDE except: AK HI ID MA ME MO MT ND NE NH NY SD VT WV WY
855-539-4910 info@angeloakms.com www.angeloakms.com
Nonprime OVN PRC 1-4 Y Y Y 0 0 0 500 70 1000 640 90 1000 50 85 B NoseasoningFC/SS/BK
Port.Select OVN PRC 1-4 Y Y Y Y 24 24 24 620 80 2000 680 90 1500 50 90 10 B LTV/CLTVto90%
Bank Statement OVN PRC 1 Y Y 24 24 24 620 80 2000 740 90 2000 45 10 B Alt-doc - no tax returns
Foreign National N PRC 1-4 Y Y Y 75 750 50 B Up to 75% LTV
Inv. Cash Flow N PRC 1-4 24 24 24 660 75 1000 B Based on subj. prop. cash flow
Minimum 500 credit score, up to 90% LTV/CLTV, up to 50% DTI. No seasoning on short sale, bankruptcy or foreclosure. Loans to $2.5M+. 24-month bank statement program for self-employed borrowers.
No income program for investment properties.
This matrix should be used to find detailed criteria for first mortgages that do not meet Qualified Mortgage standards.
Please consult the Nonprime Niches matrix for other program/product information or unusual property/loan characteristics.
LEGEND: P=Purchase; R=Rate and Term Refi; C=Cash-Out Refi; O=Owner-Occupied; V=Vacation Home; N=Non-Owner-Occupied; BK=Bankruptcy; FC=Foreclosure;
SS=Short Sale; SE=Self-Employed; VA=Verified Assets; AD=Asset Depletion; I/O=Interest Only; F=Fixed Interest Rate; A=Adjustable Rate Mortage (ARM); B=Both
All parameters on each line are used in combination
with one another — each line represents a specific
loan scenario or credit grade
PROGRAM NAME COMMEN TS
O
V
N
P
R
C FICO FICO $K $K LTV% LTV% SE
FULL
DOC BK
#
30s VA FC
#
Days AD SS
#
Months
OCC PURP
FICO/LTV LOAN AMOUNT CREDIT
MON THS
SINCE
MTG LATES
#
UNI TS DTI CLTV ARM TERMS
#
YRS
I/O
Fixed,
ARM,
Both
RATE
D
I
S
P
L
A Y
D
I
S
P
L
A Y
D
I
S
P
L
A Y
D
I
S
P
L
A Y
