Non QM Products

HTEM is proud to introduce our new Non QM Program Series

We have always set out to make a huge impact for our partners so they can grow their business but this time we really outdid ourselves. Our NON-QM line up is truly a work of art and we believe it offers everything needed in the current NON-QM space and then some. Combine that with our state of the art technology and everyone wins. Take a look for yourself, we promise you won’t be disappointed.

resources

Borrower Contact
Consent Form

Non-Occupant
Co-borrower Certification

Non QM
Submission Form

Business Narrative
Outlinee

Non QM Income
Calculator

Occupancy
Affidavit

Exception Request
Form

Non QM Lock
Request

Rates

View Non QHEM & Non QHEM Plus Matrix

Asset Qualifier

For those sitting stacks of cash looking to push their savings to work

  • Option 1 | Mortgage Only
  • Total post-closing assets must meet 125% of the outstanding mortgage debt for which the Applicant has personal liability, including the proposed mortgage(s) on the subject property.
  • Option 2 | Simplified
  • Total post-closing assets must meet 120% of the proposed mortgage(s) on the subject property plus 30% of all other outstanding debt (mortgage and consumer).
  • Option 3 | Traditional
  • Total post-closing assets must meet the sum of the below:
  • 100% of loan amount
  • 60 months of total debt service (do not include subject property’s PITIA or PITIA on rented properties with documented rental income)
  • 60 months of net rental losses on rental properties (do not include subject property’s PITIA)
  • Loan amounts up to $4MM
  • Non-Warrantable Condos allowed
  • No income documentation necessary
  • Credit scores as low as 600
  • Recent credit events allowed
  • All occupancy types allowed
  • 7/6 and 10/6 ARM, 30, and 40 FRM
  • Multiple financed properties allowed

Bank Statement Qualifier

For those who are self-employed and looking to own a home

  • Personal and Business Bank Statements allowed
  • 12 month and 24 month Bank Statement options
  • Max LTV (purchase only)
  • Up to 90% on Non QHEM Plus
  • Up to 85% on standard Non QHEM
  • 2nd Home and Investment properties up to 80% LTV
  • Loan amounts up to $4MM
  • Non-Warrantable Condos allowed
  • DTI up to 55%
  • Loan amounts up to $4MM
  • Non-Warrantable Condos allowed
  • No income documentation necessary
  • Credit scores as low as 600
  • Recent Credit Events Allowed
  • All occupancy types allowed
  • 7/6 and 10/6 ARM, 30, and 40 yr I/O option not fixed
  • Multiple financed properties allowed

Full Doc Qualifier

For those who file income the traditional way looking to expand their loan qualifications

  • DTI up to 55%
  • Credit scores down to 600
  • Recent credit events allowed
  • All occupancy types allowed
  • 7/6 and 10/6 ARM, 30, and 40 yr I/O option not fixed
  • Multiple financed properties allowed
  • Max LTV (purchase only)
  • Up to 90% on Non QHEM Plus
  • Up to 85% on standard Non QHEM
  • Non-Warrantable Condos allowed
  • Loan amounts up to $4MM

Gig Qualifier

For those independent contractors & freelance workers that are paid like a business owner, but may not own a business

  • Multiple 1099 qualification options
  • Apply a 25% expense factor to all eligible gross receipts.
  • Profit and Loss Statement
  • CPA Letter for Expense Ratio
  • DTI up to 55%
  • Credit scores as low as 600
  • Recent credit events allowed
  • All occupancy types allowed
  • 7/6 and 10/6 ARM, 30, and 40 yr I/O option not fixed
  • Multiple financed properties allowed
  • Loan amounts up to $4MM

1 Page Bank Statement

Results without all the BS (Bank Statements, that is!)

  • Page 1 of the Business Bank Statement reflecting the company on the P&L
  • Qualify off the P&L only: nothing more, nothing less
  • 12 or 24 month P&L OK
  • Purchase LTV’s up to 90%
  • Cash-Out LTV’s up to 80%
  • Loan Amounts up to $4MM
  • DTI up to 50%
  • 50% business ownership required