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
  • 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 $500K
  • 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 $500K
  • 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

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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

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