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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

Deep Haven:

Heather Carrico
Direct: 704.885.5064
Email:[email protected]

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]

Non-QM
instructions

Product
Matrices

Income Calculation worksheet

Alternative Loan
Analysis Form

Exception Request
Form

HOA Certification
Form

Non Delegated Underwriter
Submission Form

Fresh Start Flyer

Exception Request
Form

HOA Certification
Form

Non Delegated Underwriter
Submission Form

Training Video

Identify Scenario Calculator

Sharepoint

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Let's talk! 800-459-7512