We offer a full Suite of Non-QM (Non-Qualified).

DSCR (Debt Service Coverage Ratio)

The debt-service coverage ratio applies to corporate, government, and personal finance. In the context of corporate finance, the debt-service coverage ratio (DSCR) is a measurement of a firm’s available cash flow to pay current debt obligations. The DSCR shows investors whether a company has enough income to pay its debts.

• Interest-only available
• Cash-out options
• Can close as corporation or LLC
• Unlimited number of financed properties
• Only LTV, FICO, and DSCR required
• Loan amounts between $100k – $3.5MM
• LTVs up to 80% (75% LTV in NY,NJ,CT)
• FICO down to 600

Bank Statement Programs (Alternative Income)

Alternative lending for the modern home buyer! Meadowbrook Financial considers more than just the borrower’s income when assisting a client in attaining financing to pursue the dream of homeownership.

• LTVs up to 90%
• FICOs down to 660
• 24-month standard documentation options
• 24-month alternative documentation options for self-employed borrowers
• DTI up to 55%
• Loan amounts from $150k to $4mm
• Second homes available
• Investment properties available
• Interest-only available
• Cash-out options

P&L Statement Program

Rather than using tax returns, you can have your licensed tax preparer provide a 1-2 year profit & loss statement as income, providing a potentially more accurate picture of your true income. below is a quick snapshot of some of the program’s highlights:

• 24 or 12-month CPA/EA prepared Profit & Loss Statement Only
• CPA/EA/CTEC must attest they have prepared the borrower’s most recent tax return
• LTV up to 80% purchase (75% NY, NJ, CT)
• Min FICO 660
• Can be used on Primary, Second Home, and Investment properties
• Loan Amounts up to $4mm
• Can be used for Purchase, Rate & Term, and Cash Out Refinance
• 2 years or 1 year from 1099 to qualify

Foreign Nationals

Foreign national mortgages can make it easier for noncitizens to secure a mortgage and purchase a property. These types of mortgages allow you to pursue the American dream regardless of your citizenship status.

• Second Home and Investment property eligible transaction
• LTVs up to 75%
• Standard Doc or DSCR(Investment only) options
• Loans amounts from $150,000 up to $2mm
• Cash out eligible transaction
• Interest-only eligible

Find out more about all our Non-QM solutions Today!