Non-QM Loans

Non-QM Loans

Non-QM

  • Qualification based on property cash flow
    • Minimum DSCR* 1.0
    • DSCR 1.00 – 0.85 minimum 700
      FICO and max 80 % LTV
    • No DSCR needed with minimum
      700 FICO and max 75% LTV
  • Credit scores starting at 600
  • No personal income / no employment needed
  • Up to 80% LTV
  • 40 year fixed rate interest only available
  • Loans up to $1.5 million, $75K minimum
  • No limit on total number of properties
  • Purchase and cash-out or rate-term refinance
  • Properties can be in LLC’s name
  • Non-warrantable condos OK

*DSCR – Debt Service Coverage Ratio: Rent / Mortgage

Follow Gulfstream Your Mortgage Source

Licensing

Harry Spearman, CMC
NMLS#: 230873
Dan Spearman
NMLS#: 230871

nmlsconsumeraccess.org

Equal Housing Lender

Contact Us

Gulfstream Your Mortgage Source
1301 Beville Rd
Suite 16
Daytona Beach, FL 32119

Number:
(386) 788-5211

Hours:
MON-FRI 9AM - 4PM