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Simple Access® Non-QM
It shouldn’t be complicated to finance a home! We saw a need for common sense solutions for self-employed borrowers and those with non-traditional income. Our Simple Access products are just that…simple, flexible, and straightforward.
Click to View Non-QM Comparison Chart
Non-QM Comparison |
Bank Statement |
Investor Cash Flow (DSCR) |
Full Doc |
Aset Qualifier |
1099 Only |
Ideal Borrower |
For self-employed borrowers requiring an alternate means of determining ability to repay | For individuals looking to build wealth in residential investment properties | Borrowers with scenarios outside the box | Borrowers with significant accumulated assets | For borrowers who are independent contractors |
Income/ Assets used to qualify |
12 or 24 Months of Bank Statements | Debt Service Coverage Ratio (DSCR) | Full Documentation Required | Verified Financial Assets Only | One or two years of 1099s |
Minimum Credit Score |
620 | 620 | 620 | 620 | 620 |
Debt-to-Income Ratio (DTI) |
Up to 50% | N/A minimum .75 DSCR | Up to 55% | N/A | Up to 50% |
Eligible Occupancy |
Primary, Second Home, and Investment Properties | Investment Properties | Primary, Second Home, and Investment Properties | Primary, Second Home, and Investment Properties | Primary, Second Home, and Investment Properties |
Interest Only (I/O) |
Yes | Yes | Yes | Yes | Yes |
Loan Amounts |
Up to $4MM | Up to $4MM | Up to $4MM | Up to $4MM | Up to $4MM |
Max Cash Out Allowed |
No Limit up to 65 LTV, $1MM > 65 LTV | ||||
Product Type |
5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40yr term I/O only) | 5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM | 5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40yr term I/O only) | 5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40yr term I/O only) | 5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40yr term I/O only) |
Eligible Property Type |
1-4 family, PUD, Warrantable and Non-Warrantable Condos | ||||
LTV/CLTV |
Up to 90% Purchase, 85% R/T Refi, 80% C/O Refi | Up to 80% Purchase, 80% R/T Refi, 75% C/O Refi | Up to 90% Purchase, 85% R/T Refi, 80% C/O Refi | Up to 90% Purchase, 85% R/T Refi, 80% C/O Refi | Up to 90% Purchase, 85% R/T Refi, 80% C/O Refi |
Seasoning For Cash-Out |
Six months seasoning for cash out | ||||
Prime Jumbo
Our Prime Jumbo program is designed for high-quality borrowers who may not fit traditional agency guidelines but still want competitive financing on larger loan amounts. It offers the flexibility needed for today’s creditworthy buyers with complex financial profiles.
Click to View Prime Jumbo Comparison Chart
Prime Jumbo Comparison |
Bank Statement |
Investor Cash Flow (DSCR) |
Full Doc |
1099 Only |
Ideal Borrower |
Business owners, entrepreneurs, or 1099 earners with strong cash flow but limited traditional income documentation | Focused on building or expanding a rental property portfolio | Able to supply recent pay stubs, W‑2s, or 2 years of tax returns for verification | Earns income primarily through 1099s, gig work, or business contracts rather than W-2 employment |
Income/ Assets used to qualify |
12 or 24 Months of Bank Statements | Debt Service Coverage Ratio (DSCR) | Full Documentation Required | One or Two year of 1099s |
Minimum Credit Score |
740 | 740 | 740 | 740 |
Debt-to-Income Ratio (DTI) |
Up to 45% | N/A minimum 1.20 DSCR | Up to 45% | Up to 50% |
Eligible Occupancy |
Primary, Second Home, and Investment Properties | Investment Properties | Primary, Second Home, and Investment Properties | Primary, Second Home, and Investment Properties |
Interest Only (I/O) |
Yes | Interest is only available with no reduction to LTV | Yes | Yes |
Loan Amounts |
Up to $2MM | Up to $2MM | Up to $2MM | Up to $2MM |
Max Cash Out Allowed |
No Limit up to 65 LTV, $1MM > 65 LTV | No Limit up to 65 LTV, $1MM > 65 LTV | No Limit up to 65 LTV, $1MM > 65 LTV | No Limit up to 65 LTV, $1MM > 65 LTV |
Product Type |
5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40yr term I/O only) | 5/6, 7/6, and 10/6 ARM – 15 and 30 FRM | 5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40yr term I/O only) | 5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40yr term I/O only) |
Eligible Property Type |
Primary, Second Home, and Investment Properties | Investment Properties | Primary, Second Home, and Investment Properties | Primary, Second Home, and Investment Properties |
LTV/CLTV |
Up to 70% Purchase, 70% R/T Refi, 70% C/O Refi | Up to 70% Purchase, 70% R/T Refi, 70% C/O Refi | Up to 70% Purchase, 70% R/T Refi, 70% C/O Refi | Up to 70% Purchase, 70% R/T Refi, 70% C/O Refi |
Seasoning For Cash-Out |
Six months seasoning for cash out | |||
Individual Tax Identification Number (ITIN)
A comprehensive program with all the flexibility and advantage of Non-QM products available to borrowers.
Click to View ITIN Comparison Chart
ITIN Comparison |
Bank Statement |
1099 Only |
Full Doc |
Ideal Borrower |
Borrower has an active ITIN instead of an SSN | Borrower does not have a Social Security Number | Borrower uses an active ITIN instead of an SSN |
Income/ Assets used to qualify |
12 or 24 Months of Bank Statements | One or two years of 1099s | Full Documentation Required |
Minimum Credit Score |
660 | 660 | 660 |
Debt-to-Income Ratio (DTI) |
Up to 50% | Up to 50% | Up to 50% |
Eligible Occupancy |
Primary, Second Home, and Investment Properties | Primary, Second Home, and Investment Properties | Primary, Second Home, and Investment Properties |
Interest Only (I/O) |
Interest is only available with 30 | Interest is only available with 30 | Interest is only available with 30 |
Loan Amounts |
Up to $1.5MM | Up to $1.5MM | Up to $1.5MM |
Max Cash Out Allowed |
No Limit up to 65 LTV, $1MM > 65 LTV | No Limit up to 65 LTV, $1MM > 65 LTV | No Limit up to 65 LTV, $1MM > 65 LTV |
Product Type |
5/6, 7/6, and 10/6 ARM – 15, and 30 FRM | 5/6, 7/6, and 10/6 ARM – 15, and 30 FRM | 5/6, 7/6, and 10/6 ARM – 15, and 30 FRM |
Eligible Property Types |
1-4 family, PUD, Warrantable and Non-Warrantable Condos | ||
LTV/CLTV |
Up to 80% Purchase, 75% R/T Refi, 75% C/O Refi | Up to 80% Purchase, 75% R/T Refi, 75% C/O Refi | Up to 90% Purchase, 85% R/T Refi, 80% C/O Refi |
Seasoning for Cash Out |
Three months of seasoning for cash out | ||
Simple SecondsSM
Simple Seconds is a powerful Second Mortgage program designed to help borrowers unlock more of their home’s equity. Whether paired with a first mortgage or used as a standalone solution, this program offers the flexibility, competitive pricing, and streamlined underwriting you expect from Luxury Mortgage.
With multiple documentation options and broad property eligibility, Simple Seconds is ideal for borrowers seeking additional financing without refinancing their first lien.
Click to View Program Highlights Chart
|
Our Second Mortgage program aligns with the same flexible documentation options as our Non-QM programs, including Full Doc, Bank Statement, 1099, and Investor Cash Flow (DSCR) programs. |
|
Program Highlights |
|
Minimum Credit Score |
720 |
Debt-to-Income Ratio (DTI) |
Up to 50% |
Eligible Occupancy |
1 family, PUD, Warrantable and Non-Warrantable Condos |
Loan Amounts |
Up to $1MM |
Max Cash Out Allowed |
No Limit up to 65 LTV, $1MM > 65 LTV |
Product Type |
15 and 30 FRM |
Eligible Property Types |
1 family, PUD, Warrantable and Non-Warrantable Condos |
LTV/CLTV |
Up to 85% Purchase, 80% R/T Refi, 65% C/O Refi |
Seasoning for Cash Out |
Six Months of seasoning for cash out |
Foreign Nationals Program
Foreign Nationals program helps international buyers access U.S. real estate with flexible financing solutions. It’s designed to make investing in U.S. properties simple and straightforward for qualified foreign borrowers.
Click to View Program Highlights Chart
| Our Foreign Nationals program follows the qualification guidelines of our Investor Cash Flow (DSCR) program, and second homes can be financed as Second Homes using the Asset Qualifier Method 1 program. | |
Program Highlights |
|
Minimum Credit Score |
680 |
Eligible Occupancy |
Investment Properties and Second Home under Asset Qualifier Method 1 |
Interest Only (I/O) |
Interest-only feature available with no reduction to LTV |
Loan Amounts |
Up to $2MM |
Max Cash Out Allowed |
No Limit up to 65 LTV, $1MM > 65 LTV |
Product Type |
5/6, 7/6, and 10/6 ARM – 15 and 30 FRM |
Eligible Property Types |
1-4 family, PUD, Warrantable and Non-Warrantable Condos |
LTV/CLTV |
>=1.00 DSCR: Up to 75% Purchase, 60% C/O Refi <1.00 DSCR/Min 0.90: Up to 70% Purchase, 55% C/O Refi Asset Qualifier: Up to 70% Purchase, 55% C/O Refi |
Graduate Program
Mortgage solution for borrowers who recently completed post graduate degrees who are employed in specialized professions. Designed for applicants who are not eligible for agency and prime credit jumbo loans.
Click to View Program Highlights Chart
Program Highlights |
|
Minimum Credit Score |
720 |
Debt-to-Income Ratio (DTI) |
Up to 50% |
Eligible Occupancy |
Primary Residence Only |
Interest Only (I/O) |
Yes |
Loan Amounts |
Up to $1.5MM |
Product Type |
5/6, 7/6, and 10/6 ARM – 15, 30, and 40 FRM (40-year term I/O only) |
Eligible Property Types |
1 family, PUD, Warrantable and Non-Warrantable Condos |
LTV/CLTV |
Up to 90% |
Let's Connect
Get In Touch
CORPORATE
Luxury Mortgage Corp.®
Four Landmark Square
Suite 300
Stamford, CT 06901
(888) 458-6267
WEST COAST
Luxury Mortgage Corp.®
18100 Von Karman Ave
Suite 350
Irvine, CA 92612
(949) 516-0710
