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Table 1 of 2

Investor Advantage Non-Prime (Full Doc)
Credit
Max LTV 80% OO 90% NOO 80%
FICO 620+ OO 500+ NOO 580+
Loam Amount
Minimum  $                                                       100,000  $                                         100,000
Maximum  $                                                   2,000,000  $                                     2,000,000
Debt Ratios
Max DTI N/A 43%
Enhanced DTI (to 50%) N/A
Enhanced DTI (to 55%) N/A √ (Not allowed for NOO)
Income Documentation
Full Doc N/A
Asset Depletion N/A √ (Not allowed for NOO)
24 Month Personal Statements N/A
24 Month Business Statements N/A
1 Year Alt Doc N/A
12 Mo Personal Bank Statements N/A
Product Type
5/1 ARM
7/1 ARM
30 Year Fixed
Interest Only
Mortgage History 1x30x12 Option A 0x60x12; Option B 0x120x12; Option C 0x120x12
Bankruptcy Seasoning 24 months Option A 24 Months; Option B 12Months; Option C Settled
FC/SS/DIL Seasoning 24 months Option A 24 Months; Option B 12Months; Option C Settled
Residual Income N/A  $                                        1,500.00
Marketing Points Investors looking for Maximum LTV in their Investment properties.
Best for:
•  ARM structures with interest-only options
• Outside Agency Investor Guidelines
• Prior defaults
• 10+ properties, LLC ownership, and Professional Investors
• Non-Warrantable Condos
• Business Purpose Loans
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/

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Table 2 of 2

Near Prime (Full Doc) 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

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
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