Loan Products

Non-QM

Jumbo Loans

A Non-QM (Non-Qualified Mortgage) loan is a mortgage product that does not strictly conform to traditional lending guidelines, offering more flexible underwriting standards for borrowers with unique income situations or credit profiles, such as Jumbo, Bank Statement, and Investor Flex DSCR loans.

n/a

FICO

620+ FICO and must be LPA Accept and meet Home Possible guidelines

n/a

LTV%

Minimum LTV 95%, maximum 97% w/ 3% down payment assistance up to $15,000

03 Follows Home Possible®

Qualifying income limited to 80% or less of Area Median Income (AMI)

Other Key Features

3% down payment assistance up to $15,000
Repayable second lien
Eligible on primary purchases only