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.

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
Home Ownership Opportunity

Responsible Non-QM loans open doors for millions of borrowers

Reasonable Payments

Often cheaper than rent

Responsible & Transparent Products

Expanded-Prime

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 default
  • 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 $1M
  • Primary, Secondary, & Investment Occupancy
  • SFR, PUD, Townhome, Condo, 2-Unit, Rural Homes Properties

See guides and matrices for full product eligibility.

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Near-Prime

Borrowers Outside of Prime
Owner-occupied borrowers at least 3+ years past their housing default. LTV’s up to 95%.

Best for:

  • 3+ years removed from housing default
  • 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, Asset Depletion & 1 Year Doc Options

Details:

Full Doc Bank Statement
620 Min FICO 620 Min FICO
95% Max LTV 90% Max LTV
Seasoning: 36 Mo. from Bankruptcy
Seasoning: 36 Mo. from Housing Event
  • Loan Amounts to $5M
  • Cash-Out Limits to $1M
  • Primary, Secondary, & Investment Occupancy
  • SFR, PUD, Townhome, Condo, NW Condo, 2-4 Unit, Modular, Rural & Log Homes Properties

See guides and matrices for full product eligibility.

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Non-Prime

Borrowers with Credit Blemishes & Recent Housing Issues
Owner-occupied borrowers with a housing default in the last 2 years. LTV’s up to 90%.

Best for:

  • Consumer credit challenges with consistent housing history
  • Credit grades for 24 Months from housing event to no seasoning required from housing event
  • Documentation-Full Doc (2-Yrs W-2/1099 or 2-Yrs Tax Returns) & Bank Statements, Asset Depletion & 1 Year Doc Options

Details:

Full Doc Bank Statement
500 Min FICO 580 Min FICO
90% Max LTV 90% Max LTV
Seasoning: 0 Mo. from Bankruptcy
Seasoning: 0 Mo. from Housing Event
  • Loan Amounts to $2M
  • Cash-Out Limits to $500
  • Primary, Secondary, & Investment Occupancy
  • SFR, PUD, Townhome, NW Condo, Condo, 2-4 Unit, Modular, Rural & Log Homes Properties

See guides and matrices for full product eligibility.

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Investor Advantage

Investors looking for Maximum LTV
Investment properties.

Best for:

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

  • Non-Warrantable Condos
  • Business Purpose Loans

Details:

Important Highlights:
620 Min FICO
80% Max LTV
Seasoning: 24 Mo. from Bankruptcy
Seasoning: 24 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.

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Foreign National

Borrowers from other parts of the world looking to buy or refinance in the U.S.
2nd Home & Investment Property Occupancy Options

Best for:

  • Foreign clients with a valid passport and an unexpired Visa.
  • Visa types accepted: B-1, B-2, H-2, H-3, J-1, J-2, O-2, P-1, P-2 and I
  • 5/1, 7/1 & 30-Yr Fixed options
  • With & Without prepayment penalty options

Details:

Income Options: Important Highlights:
Full Doc-Salaried $1.5 Loan Amount
Full-Doc Self-Employed $500 Max Cash Out
Asset Depletion 50% Max Debt Ratio
DSCR 75% Max LTV
  • Loan Amounts to $1.5M
  • Cash-Out Limits to $500
  • Investment and Secondary Occupancy
  • SFR, PUD, Townhome, Condo, NW Condo, 2-4 Unit Properties

See guides and matrices for full product eligibility.

Request Information Back to List

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