Plaza Home Mortgage® has the non-QM lending solutions you're looking for.
Our non-QM mortgages are designed to qualify more borrowers and help you close more deals. With loan amounts from $100K to $3M, flexible terms, competitive rates, and our best-in-class client service and support, Plaza is your home for non-QM.
Plaza's Non-QM features to help you get deals done:
- Bank Statement Income Calculation Service – send us the bank statements, we’ll calculate the income
- Up to 50% DTI on Full Doc
- Interest-only options
- Asset utilization
- Owner occupied, second home and investment properties
- Cash-out can be used for reserves (Solutions Non-QM)
Your Non-QM Program Options
- Fixed expense factor option offered for business bank statements
- 12 and 24 month full doc, personal or business bank statement
- DTI up to 50% (Jumbo included)
- Owner-occupied, second home and investment properties
- LTVs to 95% (80% max for Interest-only) and no MI required
- FICOs to 660
- Texas Cash-out 50(a)(6) eligible
- 85% LTV and 640 credit score on primary 2-4 unit, second home and investment property. (Often 5-10% better than FNMA/FHLMC)
- Document per DU – even assets/reserves
- No MI!
- Higher LTVs vs. standard jumbo
- Great pricing vs. many other non-QM programs!
- Very competitively priced compared to FNMA/FHLMC on investment properties- especially LTV > 80%
- Loan amounts to $3M
- Loan amounts up to $2,500,000
- Great pricing for non-owner occupied, full doc
- 30- and 15-year Fixed Rate and 5/1, 7/1 and 10/1 ARMs
- Primary residence purchase and rate/term transactions up to 85% LTV with no MI
- Business and retirement funds allowed for down payment or closing costs
- Texas (a)(6) eligible