NON-QM FULL DOC PROGRAM

NON-QM FULL DOC PROGRAM

Theses programs feature increased LTVs and higher DTI allowance to help borrowers who just miss qualifying for conventional full doc programs. Besides 1- or 2-year full doc, we can also qualify with assets. Does your borrower have plenty of assets to afford a home but little to no income? Try assets-only qualification. These exception-based non-QM full doc programs are called Montage Prime and Montage Elite.

Montage

EXPANDED FULL DOC & ASSET QUALIFICATION

  • Assets only and 60 months asset allowance
  • 1- or 2-year full doc option
  • Can exclude departing residence from DTI
  • Loans from $300K to $6M
  • Max 90% LTV up to $1M, 85% up to $2M
  • Minimum credit score: 660 FICO
  • 30- or 40- year fixed rate
Montage Elite - Product Logo
  • Assets only and 60 months asset allowance
  • 1- or 2-year full doc option
  • Can exclude departing residence from DTI
  • Loans from $300K to $3M
  • Max 85% LTV
  • Minimum credit score: 660 FICO
Alta (2)
  • Qualify with 12- or 24-month bank statements, full doc, or asset allowance
  • Loans from $3M to $5M
  • Cash-out up to $5M
  • Min. FICO score: 700
  • Max 45% DTI
  • Primary residences, second homes, or 1‐4 unit investment properties
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