Non-QM Programs
SIMPLE ACCESS®
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.
- Loan amounts up to $3MM
- Credit scores as low as 620
- 90% LTV to $1MM on primary residence purchase transactions
- 80% LTV on Investor Cash Flow purchase transactions
- 5/6, 7/6 and 10/6 ARM and 15, 30 and 40 Year fixed rates
- Allow use of the IO payment to calculate the DSCR
- Bank statement loans allowed with as little as a 10% expense factor
- Up to 55% DTI on Full Doc loan
- Unlimited cash in hand with certain restrictions
- Exceptions may be considered to most guidelines with compensating factors
INVESTOR CASH FLOW
Created specifically for investors, qualification is based on the income to be generated by the subject property. It’s no longer necessary to have large amounts of cash on hand to build a real estate portfolio.
BANK STATEMENT
Qualify based on analysis of bank deposits rather than traditional income documentation. No tax returns required. Business or personal bank statements are permitted. Choose from several options for calculating qualifying income.
1099 ONLY
Qualify borrowers who receive their compensation in the form of commission or independent contractor basis and receive IRS form 1099 at year-end. Minimum 1 year self-employment (with prior related experience)
FULL DOCUMENTATION
A solution for scenarios that don’t quite fit the guidelines for conventional financing. Qualification focuses on the borrower’s ability to repay based on common sense underwriting, and perfect credit is not required.
ASSET QUALIFIER
Eligibility is based on liquid assets in a savings or securities account. No need for tax returns or traditional income documentation. Allows homebuyers to use assets for qualification without tying them up for a home purchase.
ABOUT US
Learn more about our company and working with with our Wholesale Lending Team.
BECOME A PARTNER
Sign up to become an approved broker and expand your business with our products.
RESOURCES & DOCUMENTS
Dive into the details on our programs and resource in our form and program library.
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
