We prefer the term pro-borrower.
Deephaven is here for the millions of Americans from all walks of life who don’t fit the narrow criteria required to get a traditional mortgage.
Sara's "yes" story
Occupation: Freelance Designer
Loan Amount: $168,000
Down Payment: 10%
* After years of renting, Sara finally felt ready to buy her first home. Using a combination of her 1099s and personal bank statements, Deephaven was able to qualify Sara for a Non-QM loan, no tax returns necessary. Her parents also helped out with a gift to meet the reserve requirements.
James' "yes" story
Occupation: Owns HVAC Company
Loan Amount: $285,000
Down Payment: 15%
Mortgage Insurance: Not required
* James has long dreamed of owning a second home. But even though he is a successful business owner and longtime primary homeowner, he couldn’t get a traditional loan. Using Deephaven’s personal bank statement program, we were able to quickly qualify James using 100% of business deposits in his personal checking account.
Jennifer's "yes" story
Occupation: Restaurant Owner
Loan Amount: $373,000
Down Payment: 20%
* Jennifer co-owns a local restaurant. She needed to pull equity out of her home for a new investment. She provided 24 months of the resturant’s business bank statements to support a Profit & Loss statement that was prepared by her CPA. By multiplying the net income from the P&L by her percentage of ownership, and then dividing the total by 24 months, we were able to determine Jennifer’s monthly income and qualify her for the loan. No business or tax returns needed.
Deephaven as it happens
If you’ve had any reason to pay attention to the mortgage world over the past few years, you may have heard or read the term Non-QM. Short for Non-Qualified Mortgage, Non-QM loans have been around for almost a decade, but they’ve only recently come into the mortgage...
St. Louis, MO – November 4, 2022 — LoanNEX has added Deephaven Mortgage’s Wholesale Products to the Broker Marketplace. Deephaven Mortgage is now hosting both their Wholesale and Correspondent Products on the LoanNEX Qualifier platform, extending the most robust...
Every year, millions of borrowers who can’t get a traditional mortgage turn to a non-qualified mortgage (Non-QM) provider to purchase or refinance a home. Yes, borrowers must still qualify for a Non-QM loan, but the criteria for applying for and obtaining these...
CHARLOTTE, N.C. — November 2nd, 2022 — Where are the top places to work in the mortgage industry? According to Mortgage Professional America, Non-QM lender Deephaven Mortgage jumps out as a leader. The publication recently included Deephaven in its annual listing of...