NON-QM

Prog

r a m s

 

We apologize for the inconvenience but due to the current Covid-19 crisis we are not currently offering any Non-QM Products until further notification.

Blemished Credit

Solutions for Credit Impaired Borrowers

Full Document Programs

  • Loan-to-Value up to 90% 

  • FICO Scores down to 500

  • Debt-to-Income Ratios up to 55%

  • Loan amount starting from $100k to $5 million

  • Interest Only Available

  • Cash Out Options

  • Bruised Credit

  • ONE Day out of Bankruptcy

  • ONE Day out of Foreclosure

  • ONE Day out of a Short Sale

Second Homes

  • Loan-to-Value up to 80% 

  • FICO Scores down to 540

  • Debt-to-Income Ratios up to 50%

  • Loan amount starting from $100k to $5 million

  • Foreign Nationals Eligible

  • Cash Out Options

  • Bruised Credit

  • 12 and 24 month bank statements available

 

24 Month Bank Statement Loans

  • Loan-to-Values up to 90%

  • FICO Scores down to 580

  • Debt-to-Income up to 50%

  • Loan amount starting from $100k to $5 million

  • Interest Only Available

  • Cash Out Options

12 Month Bank Statement Loans

  • Loan-to-Values up to 85%

  • FICO Scores down to 620

  • Debt-to-Income up to 43%

  • Loan amount starting from $100k to $5 million

  • Interest Only Available

  • Cash Out Options

 

Some of the benefits of our Investor Solutions programs offer interest only, you can close as a Corporation or LLC, there are Cash Out options available, and you can finance an UNLIMITED number of properties.  Let one of our experienced Loan Originators find the right solution for your investment needs.

Full Document Programs

  • Loan-to-Value up to 80% 

  • FICO Scores down to 540

  • Debt-to-Income Ratios up to 50%

  • Loan amount starting from $75k to $5 million

  • Interest Only Available

  • Cash Out Options

  • ONE Day out of Chapter 13 Bankruptcy

  • ONE Day out of a Short Sale/DIL

Investor Loans

Underwritten to Borrower income 

Debt Service Coverage Ratio

  • Only LTV and FICO Scores Required (NO RATIO)

  • FICO Scores down to 620

  • Loan amount starting from $75k to $5 million

 

24 Month Bank Statement Loans

  • Loan-to-Values up to 80%

  • FICO Scores down to 640

  • Debt-to-Income up to 50%

  • Loan amount starting from $75k to $5 million

12 Month Bank Statement Loans

  • Loan-to-Values up to 85%

  • FICO Scores down to 640

  • Debt-to-Income up to 50%

  • Loan amount starting from $75k to $5 million

 

We offer higher balance loans with full or alternative documentation.  If you are one of the few Borrowers that have a good credit score with a sizable down payment, and get turned down by your local Lender because the Loan Originator tells you that you don't make enough to qualify based on your taxes.

Special Jumbos

Jumbo Loans with Full or Alt Credit

Full Document Programs

  • Loan-to-Value up to 95% 

  • FICO Scores down to 660

  • Debt-to-Income Ratios up to 55%

  • Loan amount starting from $150k to $5 million

  • Interest Only Available

  • Cash Out Options

  • 12 or 24 month options available

Second Homes

  • Loan-to-Value up to 80% 

  • FICO Scores down to 660

  • Debt-to-Income Ratios up to 50%

  • Loan amount starting from $150k to $5 million

  • Cash Out Options

  • 12 and 24 month bank statements available

 

24 Month Bank Statement Loans

  • Loan-to-Values up to 90%

  • FICO Scores down to 660

  • Debt-to-Income up to 43%

  • Loan amount starting from $150k to $5 million

  • Interest Only Available

  • Cash Out Options

12 Month Bank Statement Loans

  • Loan-to-Values up to 90%

  • FICO Scores down to 660

  • Debt-to-Income up to 43%

  • Loan amount starting from $150k to $5 million

  • Interest Only Available

  • Cash Out Options

 

1600 Sarno Rd Suite 215, Melbourne, FL 32935

NMLS # 1425046 | (800) 417-1697

VA: 6393340000 | FHA: 00392-0000-4

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Copyright Rejoice Mortgage Inc. 2020 This offer is made by Obsidian Financial Services Inc. d/b/a Rejoice Mortgage Inc. NMLS #1425046 1600 Sarno Rd. Suite 215, Melbourne, FL 32935, which is not affiliated with your current lender nor is it an agency of the federal government. Obsidian Financial Services Inc. d/b/a Rejoice Mortgage Inc. is approved by HUD/FHA, Fannie Mae, Freddie Mac and Ginnie Mae. This is not a government form. This is not a credit decision or a commitment to lend.This website is not authorized by the New York State Department of Financial Services. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.