NonQmProgram – CR Equity

Non QM Program

Take a look for yourself, we promise you won’t be disappointed

Asset Qualifier

For those sitting stacks of cash looking to push their savings to work

Option 1 | Mortgage Only
Total post-closing assets must meet 125% of the outstanding mortgage debt for which the Applicant has personal liability, including the proposed mortgage(s) on the subject property.

Option 2 | Simplified
Total post-closing assets must meet 120% of the proposed mortgage(s) on the subject property plus 30% of all other outstanding debt (mortgage and consumer).

Option 3 | Traditional
Total post-closing assets must meet the sum of the below:

100% of loan amount
60 months of total debt service (do not include subject property’s PITIA or PITIA on rented properties with documented rental income)
60 months of net rental losses on rental properties (do not include subject property’s PITIA)
Loan amounts up to $4.0MM
Non-Warrantable Condos allowed
No income documentation necessary
Credit scores as low as 600
Recent credit events allowed
All occupancy types allowed
7/6 and 10/6 ARM, 30, and 40 FRM (40-year term IO only)
Multiple financed properties allowed

Bank Statement Qualifier

For those who are self-employed and looking to own a home

Personal and Business Bank Statements allowed
3-month, 12 month and 24-month Bank Statement options
Max LTV up to 90% (purchase only)
2nd Home and Investment properties up to 80% LTV
Loan amounts up to $4MM
Non-Warrantable Condos allowed
DTI up to 55%
Credit scores down to 600
Recent Credit Events Allowed
7/6 and 10/6 ARM, 30, and 40 FRM (40-year term IO only)
Multiple financed properties allowed

Full Doc Qualifier

For those who file income the traditional way looking to expand their loan qualifications.

DTI up to 55%
Credit scores down to 600
Recent credit events allowed
All occupancy types allowed
7/6 and 10/6 ARM, 30, and 40 FRM (40 year term IO only)
Multiple financed properties allowed
Max LTV up to 90% (purchase only)
Non-Warrantable Condos allowed
Loan amounts up to $4MM

Gig Qualifier

For those independent contractors & freelance workers that are paid like a business owner, but may not own a business.

Multiple 1099 qualification options
- Apply a 25% expense factor to all eligible gross receipts.
- Profit and Loss Statement
- CPA Letter for Expense Ratio
DTI up to 55%
Credit scores as low as 600
Recent credit events allowed
All occupancy types allowed
7/6 and 10/6 ARM, 30, and 40 FRM (40-year term IO only)
Multiple financed properties allowed
Loan amounts up to $4MM

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