1- or 2-Year Full Doc Non-QM

Min. Credit Score 620 Min. 10% Down Payment

If you're a small business owner, investor, or self-employed individual struggling with traditional loan requirements, our 1- or 2-Year Full Doc Non-QM loans may offer a flexible alternative. These loans may also be a solution for borrowers who are recovering from a recent credit event.

Program features

Loan amounts up to $4 million
Debt-to-income (DTI) ratio up to 55%
30 & 40-year fixed terms available
Only 3 months of reserves required
Ability to lower your monthly payments with a temporary rate buydown option

Why choose our 1- or 2-Year Full Doc Non-QM?

ITIN allowed
1 year after the credit event allowed
Condos and condotels allowed

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Program details

Loan amounts up to $4 million

Only 3 months of reserves required

1 year after the credit event allowed

Cash-out available

Owner-occupied, second home, and investment properties

2 or 1-year traditional full documentation income required

Gift funds are allowed

Single-family residence, townhomes, condo warrantable/non-warrantable, condotels, 2-4 units, PUD, short-term rentals, rural single-family residence, manufactured housing, short-term rentals, leasehold

30- & 40-year fixed, 5/6 & 7/6 ARM

Available to non-permanent residents, ITIN

Ability to close in an LLC

Minimum borrower contribution is 10%

1- or 2-Year Full Doc Non-QM FAQ

What is a 1- or 2-Year Full Doc Non-QM mortgage?

A 1- or 2-Year Full Doc Non-QM mortgage is a type of home loan designed for borrowers who may have difficulty qualifying for a traditional mortgage. It requires one or two years of full documentation of your income and offers flexible terms compared to traditional loans.

Who is eligible for a 1- or 2-Year Full Doc Non-QM mortgage?

This mortgage is primarily designed for self-employed individuals, small business owners, and investors. To qualify, you typically need a minimum credit score of 620 and can provide one or two years of full documentation of your income.

What's the difference between a 1- or 2-Year Full Doc Non-QM mortgage and a traditional Full Doc mortgage?

The primary difference lies in the underwriting guidelines. A traditional Full Doc mortgage typically requires specific income documentation, employment verification, and asset verification. A 1- or 2-Year Full Doc Non-QM mortgage focuses on two years of full income documentation and is more flexible in its approach, making it a suitable option for those who may not meet the strict requirements of a traditional mortgage.

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#Yes to employed

VA Standard

No Min. Credit Score No Min. Down Payment

Loan amounts up to $2 million
Debt-to-income (DTI) ratio up to 55%
No minimum down payment required
Eligible VA borrowers: Active-duty service members; Members of the National Guard; Reservists; Surviving spouses of veterans; Cadets at the US Military, Air Force or Coast Guard Academy; Midshipmen at the U.S. Naval Academy; Officers at the National Oceanic & Atmospheric Administration

Written Verification of Employment

Min. Credit Score 620 Min. 20% Down Payment

No bank statements required with a minimum down payment of 30%
Only 3 months of reserves required
No tax returns required
A two-year history with the same employer is required