Near Miss Mortgage

This Non-QM loan program is a terrific solution for a borrower with a previous bankruptcy or short sale.No Seasoning required on the credit event. Self Employed, ITIN, Full and Alternative Income Doc accepted (P&L only, BankStatements, Ready Asset ((NIVA) or Asset Depletion).


Program Highlights

Property Types:

  • SFOO/2nd Home
  • 1-4 Units
  • Mobile/Manufactured
  • Vacant Land
  • Non-Warrantable Condos
  • Most other property types will be considered
  • Excluding Commercial and Agricultural Properties

Income History:

  • 12 Month Income Documentation (Business or Personal)

Max DTI:

  • up to 55% with compensating factors

Max LTV:

  • 80% LTV
  • 75% LTV for 2nd Home/Condo
  • 70% LTV on Investment & Multi unit property or Mobile Home with Land
  • 65% LTV on Vacant Acreage/Land

Housing History:

  • 01 – 80% LTV:
    • 0 x 30 for 6 months
    • VOR or canceled check

Cash out Refinance:

  • Max 75% LTV
  • Transunion credit score greater than or equal to 640
  • Not Available in TX

A Sample of Recent Closings

$850,000 – Refi Private Mtg, Previous Foreclosure, Self Employed, Florida

$247,500 – Previous Foreclosure, Unwarrantable Condo, Florida

$412,500 – ITIN Borrower, Self Employed, Bank Statement Program, Massachusetts

$419,250 – Self Employed, Bank Statement Program, Connecticut

$290,500 – Cash Out Refi, Self Employed, Bank Statement Program, Michigan

Want to talk to a member of our team? Call 1-800-400-5451