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Non-QM Solutions for The Modern Homebuyer.

Fluent Mortgage offers more solutions to help get our clients to the closing table. Our Non-QM solutions revolutionizes how home buyers navigate the buying process.

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!


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