Millions of potential borrowers are locked out of today’s conventional mortgage market. Deephaven offers products designed specifically to address the needs of these borrowers, allowing lenders to expand their business to responsibly reach them.

Good for Loan Officers

Close more loans

Expand potential borrower base by offering responsible Non-QM loan options

Be an Industry Leader

Provide credit access to an under-served market segment

Grow Your Business Responsibly

Good For Borrowers

Home Ownership Opportunity

Responsible Non-QM loans open doors for millions of borrowers

Reasonable Payments

Often more affordable than rent

Responsible & Transparent Products

NQM 2.0

Borrowers just outside of prime
Owner-occupied borrowers at least 4 years past their housing default. LTV’s up to 90%.

Best for:

  • 4+ years removed from housing event
  • Fixed, Arm and Interest Only options available
  • Documentation-Full Doc (2-Yrs W-2/1099 or 2-Yrs Tax Returns) & Bank Statements Options

 

Details:

Full Doc Bank Statement
660 Min FICO 660 Min FICO
90% Max LTV 90% Max LTV
Seasoning: 48 Mo. from Bankruptcy
Seasoning: 48 Mo. from Housing Event
  • Loan Amounts to $2.5M
  • Cash-Out Limits to $500k
  • Primary, Secondary, & Investment Occupancy
  • SFR, PUD, Townhome, Condo, 2-Unit, Rural Properties, Non-Warrantable Condos

See guides and matrices for full product eligibility.

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Non-Prime

Borrowers Outside of Prime
Owner-occupied borrowers at least 2+ years past their housing default. LTV’s up to 80%.

Best for:

  • 2+ years removed from housing event
  • 40 & 30 Year Term with 10 Year I/O
  • Fixed, Arm and Interest Only options available
  • Documentation-Full Doc (2-Yrs W-2/1099 or 2-Yrs Tax Returns) & Bank Statements, 1 Year Doc Options

Details:

Full Doc Bank Statement
620 Min FICO 620 Min FICO
80% Max LTV 80% Max LTV
Seasoning: 24 Mo. from Bankruptcy
Seasoning: 24 Mo. from Housing Event
  • Loan Amounts to $1M
  • Cash-Out Limits to $250k
  • Primary, Secondary, & Investment Occupancy
  • SFR, PUD, Townhome, Condo, NW Condo, 2-4 Unit, Modular, Rural & Log Properties

See guides and matrices for full product eligibility.

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DSCR

Investors looking for Maximum LTV
Investment properties.

Best for:

  • Prior credit events
  • 10+ properties, LLC ownership, and Professional Investors
  • ARM & Fixed structures with interest-only options
  • Outside Agency Investor Guidelines

  • Non-Warrantable Condos
  • Business Purpose Loans

Details:

Important Highlights:
660 Min FICO
75% Max LTV
Seasoning: 48 Mo. from Bankruptcy
Seasoning: 48 Mo. from Housing Event
  • Loan Amounts to $2M
  • Cash-Out Limits to $500K
  • Investment Occupancy
  • SFR, PUD, Townhome, Condo, NW Condo, 2-4 Unit Properties

See guides and matrices for full product eligibility.

Request Information Back to List

Get Answers Quick

The Deephaven Scenario Desk is designed to help quickly determine which loans may be eligible for purchase. Whether it is a general guideline question, complex income situations or an exception request…

Deephaven’s experienced mortgage professionals are here to help every step of the way!

+1.800.983.0457, Option 2
scenario@deephavenmortgage.com

Hours: 8:30am – 5:30pm EST (Mon-Fri)

Visit Our Indenti-fi Scenario Desk Today