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Guidelines
Matrix
Sellers Guide

NonQM Advantage

A Non-QM loan, or a non-qualified mortgage, is a type of mortgage loan that allows you to qualify based on alternative methods, instead of the traditional income verification required for most loans. Common examples include bank statements or using your assets as collateral.

Titanium

  • 3 months of bank statements
  • NonQM rates starting in the 2’s
  • Single year tax return and P&L or single year W2 & pay stub
  • $3 Mil. Loan amount on all fixed rate products

Non Agency

  • 90% LTV to $2 Mil.
  • 2-4 Unit properties up to 80% LTV
  • FICO down to 620
  • Interest only available

Investor

  • Recently removed reserve requirements.
  • Loan amount up to $3 Mil.
  • Cash out on non warrantable condos allowed
  • Products allowed: 30Y Fixed, 5/1 ARM, 7/1 ARM

Jumbo Advantage

A jumbo loan is a mortgage that exceeds the conforming loan limit set by the FHFA for a given area. The most common conforming loan limit for 2021 is $510,400, which means any mortgage that’s larger than that is a jumbo loan. Loans above these limits cannot be backed by government entities Fannie Mae and Freddie Mac.

ARM

  • Cash out up to 65%
  • DTI down to 43%
  • Products allowed: 15Y Fixed, 5/6, 7/6, and 10/6
  • First time home buyers up to $1M in loan amount

Fixed

  • FICO down to 700
  • DTI down to 43%
  • Eligible property: single-family, attached, warrantable condos, 2-4 units

Agency Advantage

FHA mortgages are federally insured mortgages designed to help qualified borrowers buy a home with less money down and lower credit. VA mortgages are government insured mortgages for active or veteran military service members and their spouses.

Fannie Mae

Ginnie Mae