Deep Haven High LTV | Nations Branch

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
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	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