Expanded Suite of Products / Non QM

GMFS is excited to offer Expanded Products! These products allow for borrowers who may not be eligible for traditional conventional loans to qualify, especially self-employed borrowers and those with sufficient assets to cover a loan.

Expanded Suite of Products include the Expanded Prime Program, Non-Prime Program and the DSCR Program. These products complement our current Expanded Line that are targeted towards Non-QM borrowers. GMFS offers Bank statement Options, Asset Utilization Features, Non-Warrantable Condos and much more.

Expanded Suite Features

  • Personal & Business Bank Statements with the use of 1099’s
  • Loan amounts up to $3 Million
  • DTI up to 50%
  • 1-Year Tax Return and W-2 Doc Options
  • Investors with greater than 10 properties
  • Non-Warrantable Condos

  • Prior Foreclosure or Bankruptcy
  • Up to 90% LTV
  • No MI
  • Interest Only options for Fixed and ARMs
  • Prepayment Penalty for Investment Properties that Offer More Attractive Pricing
  • 5/6 SOFR ARM

DSCR for Investment Borrowers

  • Qualification Based on Cash Flow from Subject Property only
  • 680 minimum FICO
  • Loan Amounts up to $2M
  • Purchase & Rate and Term LTV up to 80%
  • Cash out LTV up 75%
  • 1 X 30 X 12 Mortgage History Acceptable
  • No DTI / DSCR ratio down to 1.0
  • 30 year fixed, 30 year fixed I/O, 5/6 ARM, and 5/6 ARM I/O