We believe in helping our communities, individuals, and businesses reach their financial goals and are a mission-based bank focused on customers who have non-traditional credit needs and cannot get approved with standard financing.
Our Approach to Non-QM
We are committed to serving our underserved borrowers who are credit-worthy and need a company they can depend on. This is our specialty. Don’t hesitate to reach out with questions or scenarios!
Our Difference:
- ITIN up to 85% LTV
- We accept down to 660 FICO
- Rent free is acceptable
- We have minimum tradeline requirements
Our Non-QM Loan Products
- ITIN –No proof of entry or EAD docs required! Must provide ITIN letter from the IRS.
- P&L Only – P&L (unaudited) must come from a CPA or EA but does not require bank statement support.
- 12-Mo Business Bank Statement – 50% expense factor assumed initially, but a CPA letter can lower that to as low as 10%.
- 1099–This is great for Uber and Lyft drivers!
- Non-Warrantable Condos – 100% investor concentration is acceptable! Condos must have appropriate insurance coverages.
Contact us for more information about our non-QM loan programs.
