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 Benefits of Residential Transition Loans (RTL)

Solve for the Housing Shortage Solution by Offering Residential Transition Loans The market for the rehabilitation or renovation of existing homes is booming due to a continued tight housing supply. The United States is currently facing a significant shortage 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...

Two Types of Non-QM Second Mortgages You Need to Know About

Flexible second mortgage products are in demand! There are many HELOC and HELOAN options out there for borrowers who qualify. But what about those borrowers who miss the requirements, such as a self-employed borrower, who needs to tap into their equity to achieve...

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.