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Table 1 of 2

Expanded Prime Near Prime
Credit
Max LTV OO 90% OO 95% NOO 85%
FICO 660+ 620+
Loam Amount
Minimum  $                                                       100,000  $                                                       100,000
Maximum  $                                                   2,500,000  $                                                   3,000,000
Debt Ratios
Max DTI 43% 50%
Enhanced DTI (to 50%)
Enhanced DTI (to 55%) Not Allowed √ (Not allowed for NOO)
Income Documentation
Full Doc
Asset Depletion Not Allowed
24 Month Personal Statements
24 Month Business Statements
1 Year Alt Doc Not Allowed
12 Mo Personal Bank Statements
Product Type
5/1 ARM
7/1 ARM
30 Year Fixed
Interest Only
Mortgage History 0x30x12 1x30x12
Bankruptcy Seasoning 48 Months 36 Months
FC/SS/DIL Seasoning 48 Months 36 Months
Residual Income  $                                                      2,500.00  $                                                      2,500.00
Marketing Points Owner-occupied borrowers at least 4 years past their housing default. LTV’s up to 90%.
Best for:
• 4+ years removed from housing default
• Income documented outside of QM – Personal and Business Bank Statements OK
• Fixed, Arm and Interest Only options available
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
Operation Points Scenario Desk: https://www.nonqmscenario.com/login Scenario Desk:
https://www.nonqmscenario.com/login
Product Pricing Tool: https://deephavencorrespondent.pricerone.com
/NewScenario_Anonymous?CompanyID=122
Product Pricing Tool: https://deephavencorrespondent.pricerone.com
/NewScenario_Anonymous?CompanyID=122

Table 2 of 2

Non-Prime
Credit
Max LTV OO 90% NOO 80%
FICO OO 500+ NOO 580+
Loam Amount
Minimum  $                                                       100,000
Maximum  $                                                   2,000,000
Debt Ratios
Max DTI 43%
Enhanced DTI (to 50%)
Enhanced DTI (to 55%) √ (Not allowed for NOO)
Income Documentation
Full Doc
Asset Depletion √ (Not allowed for NOO)
24 Month Personal Statements
24 Month Business Statements
1 Year Alt Doc
12 Mo Personal Bank Statements
Product Type
5/1 ARM
7/1 ARM
30 Year Fixed
Interest Only
Mortgage History Option A 0x60x12; Option B 0x120x12; Option C 0x120x12
Bankruptcy Seasoning Option A 24 Months; Option B 12Months; Option C Settled
FC/SS/DIL Seasoning Option A 24 Months; Option B 12Months; Option C Settled
Residual Income  $                                                      1,500.00
Marketing Points Borrowers with Credit Blemishes & Recent Housing Issues
Owner-occupied borrowers with a housing default in the last 2 years. LTV’s up to 90%.
Best for:
• Consumer credit challenges with consistent housing history
• Credit grades for 24 Months from housing event to no seasoning required from housing event
• Income documented outside of QM – Bank Statements OK
Operation Points Scenario Desk: https://www.nonqmscenario.com/login
Product Pricing Tool: https://deephavencorrespondent.
pricerone.com
/NewScenario_Anonymous?CompanyID=122

Nations Non-QM Coordinator:

Patricia Lantz
337-412-7096
[email protected]

Deep Haven Scenario Desk:

704-628-4109
[email protected]

Nations Scenario Desk:

Susanna Carouthers
Direct: 330-338-7785
[email protected]

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worksheet

Alternative Loan
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Exception Request
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