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Bayview (Investor Non-QM (No limit to # of properties ($2.5 million cap),…
Bayview
Investor Non-QM
Investors w/ 3 other investments & 3yr. history
No limit to # of properties
$2.5 million cap
No DTI calc./No tax returns
65% LTV or less
12 month reserves
Qualifies on Property cash flow
Early Access QM
Borrowers who are ineligible due to blemished credit
620
Foreclosures 3yrs.
Bankruptyc/short sale/deed-in-lieu 2yrs.
FHA guidelines with conv. and jumbo limits
Expanded Ratio Non-QM
Borrowers with 55% DTI Cap
6-12 month reserves
Alternative incomes
Asset inclusion Non-QM
Uses "Assets -as-income" calcs
Supplement monthly income
85% LTV
Non-Warrantable Condo
70% LTV
60% of units purchased
Alternative Income Non-QM
self-employed
Less than 2 yrs.
More profitable year
recent transition to commission or bonus-based income