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Non-QM Loan Products

Empower Your Growth with Diverse Non-QM Lending Options

Discover a wealth of opportunities at Foundation Mortgage Wholesale and Correspondent, where our extensive range of Non-QM mortgage products goes beyond conventional boundaries to cater to the diverse financial needs of all our partners. Our non-QM loans are specially designed for situations that fall outside traditional lending guidelines, providing access to competitive rates and a variety of lending options aimed at promoting growth and mutual success in a constantly evolving market.

Full Doc Loans

Minimum FICO Score

660

LTV Up to

90%

  • Max Loan Amount $3,500,000
  • Up to $8,000,000 by Exception
  • Great Rates on Competitive Pricing

Bank Statements Loans

Minimum FICO Score

660

LTV Up to

90%

  • Max Loan Amount $3,500,000
  • Up to $8,000,000 by Exception
  • Great Rates on Competitive Pricing

Profit and Loss Loans

Minimum FICO Score

660

LTV Up to

80%

  • Max Loan Amount $3,000,000
  • Up to $8,000,000 by Exception
  • Licensed tax preparer, CPA

DSCR Loans

Minimum FICO Score

620

LTV Up to

85%

  • Loans up to $3,500,000
  • Qualification based on property cash flow
  • No personal income or employment info required

Mixed Use (5-8 Units) Loans

Minimum FICO Score

660

LTV Up to

75%

  • Max Loan Amount $3,000,000
  • Up to 40year Fixed Terms
  • Foreign Nationals are Eligible

Up To 10 Unit Res Loans

Minimum FICO Score

620

LTV Up to

75%

  • Max Loan Amount $3,000,000
  • Up to $8,000,000 by Exception
  • Licensed tax preparer, CPA

Foreign Nationals Loans

Minimum FICO Score

NA

LTV Up to

80%

  • Loans up to $3,000,000
  • Full, Alt-Doc and DSCR
  • Unlimited Cash In Hand for LTV <=50%

ITIN Loans

Minimum FICO Score

640

LTV Up to

85%

  • Max Loan Amount $2,500,000
  • Full, Alt-Doc and DSCR >0.8
  • Single Family, Condo and Co-Ops Available

Closed End Seconds Loans

Minimum FICO Score

680

LTV Up to

90%

  • Max Loan Amount $750,000
  • Full Doc, Bank Statements, P&L, WVOE
  • Primary, Second Homes or Investments

Become a Partner

Start your Non-QM journey and join Foundation Mortgage as a wholesale broker today to unlock the benefits of a partner to a Wholesale Lender specializing in non-QM mortgages.

Get Approved

Bank Statement Loans

640

90%
Minimum FICO Score Max LTV

A bank statement mortgage is a loan option designed for self-employed individuals that permits income verification through personal or business bank statements instead of conventional means such as tax returns, W-2 forms, or paycheck stubs. This type of loan is often utilized by entrepreneurs, small business owners, and freelancers. Ownership of the entire business by the borrower is not a requirement. Our Bank Statement Program offers a lending solution aimed at assisting creditworthy self-employed individuals who might not be eligible for a traditional home loan.

  • Loans up to $3 million with a minimum of $150,000
  • 12 or 24 months business or personal bank statements
  • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Rates are 30-year fixed
  • One year self-employed required on business bank statement only
  • Two years self-employed required on personal bank statement
  • Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements
  • Purchase and cash-out or rate-term refinance
  • Owner-occupied, second homes, and non-owner occupied
  • 1099 option available
  • Profit and Loss (P&L) statements are a valid form of income verification
  • 40 year interest only available
  • Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)
  • Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained
  • Non-permanent residents allowed

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