Non-QM Alt Doc and ITIN Solutions

Mar 19, 2024

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.