Non-Agency/Non-QM.
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
LTV: 90%
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
LTV: 85%
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
LTV: 80%
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

The DSCR Cash Flow Loan Opportunity for Originators

A Debt Service Coverage Ratio (DSCR) cash flow loan is a crucial tool every originator should offer. The reasoning is simple: real estate investors continue to add to their portfolios despite market volatility. In fact, CoreLogic reported that in 2023 25% of...

Invest In Your Future

Deephaven’s DSCR loan product is one of our most utilized mortgage products and the demand for the loan continues to grow. CoreLogic reports that 27% of purchases in August were investor transactions. Brokers who want to expand and serve every borrower type must have...

Answers To The Most Frequently Asked Questions About Non-QM Mortgages

The non-QM sector continues to grow and with it, the steady stream of questions about what non-QM is and how it works. Deephaven has been setting records in non-QM month after month and many have asked about our success in a volatile market. In fact, Deephaven’s...

Deephaven Mortgage serves the underserved in the mortgage market, through out-of-the-box thinking to get Non-QM borrowers qualified.

Aaron Drago, chief operating officer, and Tom Davis, chief sales officer, were featured in an exclusive article with MPA “Serving the underserved mortgage market”. The article dives into exactly how Deephaven goes about educating originators on Non-QM to increase...

Non-Agency/Non-QM.We prefer the term pro-borrower.