Non-Agency Offerings

AmeriHome is now offering Non-QM options! Clients can expect the
same exceptional customer service that AmeriHome is known for. Expand your business model with our flexible mortgage options and fortify your product lines!

Why Non-QM?*

  • These loans match the needs of borrowers in a changing economy. 
  • Non-Qualified (Non-QM) mortgages account for 5% of all mortgages. 
  • Originators who understand these loans can stand out in the market.
    *Lydon, J. (2025, May). One out of 20 mortgages are non-QM – expect that to grow – Scotsman Guide.

Non-QM Highlights

  • The Non-QM sector accounted for ~37% of RMBS issuance in 2024, with 115 closed deals totaling $44.9 billion.**
    **Wells Fargo Securities, Transaction offering documents, Fitch, Kroll, Moody’s, DBRS Morningstar and S&P Presales

Non-Agency

AUS Jumbo Expanded

  • Products
    • Fixed 15 & 30
    • Fixed 30 Interest-Only
    • 5/6, 7/6, 10/6 – SOFR ARMs
  • AUS Underwriting
    • DU Approve/Eligible
    • DU Approve/Ineligible
      • Ineligible for loan structure only
  • Minimum Credit Score 680
  • Reduced Income and Asset Documentation per DU Findings
  • Jumbo Loan Amounts up to $2.5M
  • LTV/CLTV up to 85% – No Mortgage Insurance Required  
  • Maximum DTI’s up to 45%
  • Reserves per DU Findings
    • Dependent on Loan Amount and LTV
    • Cash Out to $500K
    • No additional requirements for First Time Homebuyers
  • Primary, Second Home, and Investment Property options
  • Investment Property options including 1-4 units
  • RSU Income permitted

Non-QM

Non-QM DSCR

  • Products
    • Fixed 30
    • Fixed 30 Interest-Only
    • 5/6, 7/6 – SOFR ARMs
  • Minimum Credit Score 700
  • Income Documentation Flexibility
    • Gross rental income from the subject property is compared to the property’s total debt service (PITIA) to qualify the transaction
  • Maximum Loan Amount
    • DSCR ≥ 1.00=$3M
    • DSCR ≥ 0.80-<1.00=$1.5M
  • Maximum LTV/CLTV
    • DSCR ≥ 1.00=80%
    • DSCR ≥ 0.80-<1.00=75%
  • No Maximum DTI’s
  • Required Reserves of 6-9 months
  • Investment Property options including 1-4 units and borrower may have up to 20 Financed Properties
  • Warrantable Condos Eligible
  • Residual Income not required
  • Prepayment Penalties permitted

Non-QM Expanded

    • Products
      • Fixed 30
      • Fixed 30 Interest-Only
      • 5/6, 7/6 – SOFR ARMs
    • Minimum Credit Score 680
    • Income Documentation Flexibility
      • Full Documentation
      • Personal & Business Bank Statements
      • Asset Qualifier
    • Loan Amounts up to $3M
    • LTV/CLTV up to 85% – No Mortgage Insurance Required  
    • Maximum DTI’s up to 50%
    • Cash Out up to $1M
    • Required Reserves of 9 months
    • Delayed Financing treated as a Rate/Term Refinance
    • Flexible Qualifying Options on Purchase Transactions
      with a Departing Residence
    • Primary, Second Home, and Investment Property options
    • Investment Property options including 1-4 units
      and borrower may have up to 20 Financed Properties
    • Certain Non-Warrantable Condos Eligible
    • Monthly Residual Income ≥ $1,500
    • RSU Income permitted

Program Matrix

Attribute

Non-QM

DSCR

Non-QM

Expanded

AUS Jumbo Express
Program Summary Manually underwritten

– Debt Service Coverage Ratio

 Manually underwritten

– multiple income

documentation types

 Utilizes Fannie Mae’s

Desktop Underwriter®

(DU®) to support the

underwriting decision
Products Fixed 30

Fixed 30 Interest-Only

5/6, 7/6 – SOFR ARMs

 Fixed 30

Fixed 30 Interest-Only

5/6, 7/6 – SOFR ARMs

 Fixed 15

Fixed 30

Fixed 30 Interest-Only

5/6, 7/6, 10/6 – SOFR ARMs
Documentation Type The gross rental income from the subject property is

compared to the property’s total debt service (PITIA)

to qualify the transaction.

 Full income documentation,

Bank Statements

(Personal & Business),

and Asset Qualifier

 Per DU®
Maximum DTI Not applicable Maximum DTI = 50%

First-Time Homebuyer

= Max 45%

 Maximum DTI = 45%

Maximum DTI with

LTV/CLTV > 80% = 43%
Restricted Stock Income Not permitted Permitted Permitted
Property Type Investment

1-4 Units

 Primary Residence,

Second Home,

Investment 1-4 Units

 Primary Residence,

Second Home,

Investment, 1-4 Units
Acreage Maximum 10 acres Maximum 5 acres Maximum 5 acres
Condominiums Fannie Mae Warrantable Certain Non-Warrantable

Fannie Mae Warrantable Allowances

 Fannie Mae Warrantable
Minimum Loan Amount $125,000 $50,000 Fannie Mae General

Loan Limit + $1.
Maximum Loan Amount DSCR ≥ 1.00 = $3,000,000

DSCR ≥ 0.80 – <1.00 = $1,500,000

 $3,000,000 $2,500,000
Maximum LTV/CLTV DSCR ≥ 1.00 = 80%

DSCR ≥ 0.80 – <1.00 = 75%

 Full Doc & Bank

Statements: 85%

Asset Qualifier: 80%

 85%
Reserves 6 months

Loan amounts ≥ 2 million

= 9 months

 9 months

See Program Guide for

additional reserve

requirements

 Standard = Per DU; See

Program Guide for additional

reserve requirements
Current Residence

Pending Sale

or Conversion

 Not applicable Pending Sale: Options

for both under and not

under contract; Conversion

to Investment: Options

for both with and

without a lease.

 Per FNMA
Delayed Financing Treated as a Rate & Term

Refinance. Cash-Out

limits do not apply.

 Treated as a Rate & Term

Refinance. Cash-Out

limits do not apply.

 Per FNMA, treated as a

Cash-Out Refinance
QM Status Non-QM, ATR Non-QM, ATR QM Safe Harbor,

QM Rebuttable Presumption,

ATR
LLC Vesting Permitted Not Permitted Not Permitted

Want to learn more about our Non-Agency Offerings? 

Contact Us!