What are Full Doc Non-QM Loans

Full Doc Non-QM loans help borrowers who have had a rough credit history and are having trouble qualifying for traditional loans.

What are the Requirements and How to Qualify

Full Doc Non-QM loans require documented evidence that proves the income and assets a borrower claims on their loan application are genuine (AD Mortgage).

·       FICO 580

·      30 & 40 year fixed, 5/6 Adjustable-Rate Mortgage (ARM), 7/6 ARM

·      1 year income report

How do Full Doc Loans Work / Who do they Benefit

Full Doc loans are designed for small business owners, investors, or other self-employed individuals who believe they would not qualify for a traditional agency loan, or borrowers who are recovering from a recent credit event (AD Mortgage). 

Benefits

·       90% Loan To Value (LTV)

·      Loan amounts up to $4 million

·      DTI up to 55%

·      Cryptocurrencies accepted for reserves, down payments and closing costs

·      Condotels up to 70% Combined Loan to value (CLTV)

·      Condo up to 90% CLTV