Deep Haven Asset Qualifier

	Near Prime	Foreign National
Credit
Max LTV	OO 95% NOO 85%	75%
FICO	620+	N/A
Loam Amount
Minimum	$ 100,000	$ 100,000
Maximum	$ 3,000,000	$ 1,500,000
Debt Ratios
Max DTI	50%	50%/N/A
Enhanced DTI (to 50%)	√	N/A
Enhanced DTI (to 55%)	√ (Not allowed for NOO)	N/A
Income Documentation
Full Doc	√	√
Asset Depletion	√	√
24 Month Personal Statements	√	Not Allowed
24 Month Business Statements	√	Not Allowed
1 Year Alt Doc	√	Not Allowed
12 Mo Personal Bank Statements	√	Not Allowed
Product Type
5/1 ARM	√	√
7/1 ARM	√
30 Year Fixed	√
Interest Only	√	√
Mortgage History	1x30x12	1x30x12
Bankruptcy Seasoning	36 Months	24 months
FC/SS/DIL Seasoning	36 Months	24 months
Residual Income	$ 2,500.00	N/A
Marketing Points	Owner-occupied borrowers at least 3+ years past their housing default. LTV’s up to 95%. Best for: • 3+ years removed from housing default • Income documented outside of QM – Personal and Business Bank Statements OK • Fixed, Arm and Interest Only options available	Borrowers from other parts of the world looking to buy or refinance in the U.S. Includes 2nd Home & Investment Property Occupancy Options Best for: • Foreign clients with a valid passport and an unexpired Visa. • Visa types accepted: B-1, B-2, H-2, H-3, J-1, J-2, O-2, P-1, P-2 and I • 3/1, 5/1 and 10/1 ARM options • SFR, Condo, Non-Warrantable Condo, 2-4 Units