Deephaven partners with lenders who share the vision for rebuilding the non-government mortgage market and providing common sense-driven underwriting decisions centered around a borrower’s ability to repay.

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

The Options

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
• Income documented outside of QM – Personal
and Business Bank Statements OK
• Fixed, Arm and Interest Only options available

Details:

Full Doc Bank Statement
660 Min FICO 660 Min FICO
90% Max LTV 85% Max LTV
Seasoning: 48 Mo. from Bankruptcy
Seasoning: 48 Mo. from Housing Event
  • Loan Amounts to $2.5M
  • Cash Out Proceeds to $1M

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
  • Income documented outside of QM – Personal and Business Bank Statements OK
  • Fixed, Arm and Interest Only options available

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 $3M
  • Cash Out Proceeds to $1M
  • 40 & 30 Year Term with 10 Year I/O

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
  • Income documented outside of QM – Bank Statements OK

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 Proceeds to $500K

See guides and matrices for full product eligibility.

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Investor Advantage

Investors looking for Maximum LTV
Investment properties.

Best for:

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

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

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
No Ratio .
  • 3/1, 5/1 and 10/1 ARM options
  • SFR, Condo, Non-Warrantable Condo, 2-4 Units
  • With & Without prepayment penalty options

See guides and matrices for full product eligibility.

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Deephaven’s Deal Desk connects you to a qualified analyst offering you top-level support and guidance. Whether you are submitting a deal, or just have a question, we are here to help.

Our expert analysts provide clear communication and attentive guidance intended to help you select the right product and work quickly to close your Non-QM loans. 

+1.844.DHM.WHSL
dealdesk@deephavenmortgage.com

Hours: 8:30am – 6:30pm EST (Mon-Fri)

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