Guidelines
Matrix
Sellers Guide
NonQM Advantage
A Non-QM loan, or a non-qualified mortgage, is a type of mortgage loan that allows you to qualify based on alternative methods, instead of the traditional income verification required for most loans. Common examples include bank statements or using your assets as collateral.
Titanium
- Great for a purchase or refi
- Low reserve requirements
- Variety of property types allowed
- Cash out available
Non Agency
- Bank statement options
- Min. reserves needed – 3 months
- Interest only offered
- Income desk available
Equity
- CLTV up to 90%
- Up to 450k Loan Amount
- Full Doc and Bank Statement Options
- May be able to use existing appraisal
Investor
- DSCR offered
- Allowing FICO down to 620
- High loan amounts
- Interest only offered
Professional Investor
- 5-8 Unit Residential
- Cross Collateralized
- Qualify using Debt Service Ratio with no income documentation
Jumbo Advantage
A jumbo loan is a mortgage that exceeds the conforming loan limit set by the FHFA for a given area. The most common conforming loan limit for 2021 is $548,250, which means any mortgage that’s larger than that is a jumbo loan. Loans above these limits cannot be backed by government entities Fannie Mae and Freddie Mac.
ARM
- Great for first time buyers
- DTI up to 45%
- Variety of property types allowed
Fixed
- Second homes allowed
- Allows LTV of over 85%
- Low reserve requirements on primary homes
Expanded
- Loan Amounts up to 3.5MM
- 40 Year Full Amortization Options
- Interest Only Options
Agency Advantage
FHA mortgages are federally insured mortgages designed to help qualified borrowers buy a home with less money down and lower credit. VA mortgages are government insured mortgages for active or veteran military service members and their spouses.
Fannie Mae
Ginnie Mae
