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 Express

  • Products
    • Fixed 15 & 30
    • Fixed 30 Interest-Only
    • 5/6, 7/6, 10/6 – SOFR ARMs
  • Fast AUS Underwriting decision with AUS (DU® or LPA®)
    • DU® Approve/Eligible
    • DU® Approve/Ineligible
      • Ineligible for loan structure only
    • LPA® Accept
    • LPA® Caution
      • Caution recommendation for loan structure only
  • Minimum Credit Score 680
  • Reduced Income and Asset Documentation per DU® or LPA® Findings
  • Jumbo Loan Amounts up to $3M
  • LTV up to 89.99% – No Mortgage Insurance Required
  • Maximum DTI’s up to 50%
  • Cash Out to 80% LTV
  • Reserves as low as 6 months
  • No additional requirements for First Time Homebuyers
  • Primary, Second Home, and Investment Property options
  • RSU Income permitted
  • No residual income required

Non-QM

Non-QM DSCR

  • Products
    • Fixed 30
    • Fixed 30 Interest-Only
    • 5/6, 7/6 – SOFR ARMs
  • Investment Properties ONLY (4-unit max)
  • Minimum Credit Score 700
  • No personal income or employment required
  • No DTI calculated
  • Qualify using DSCR: Gross rental income from the subject property is compared to the property’s total debt service (PITIA).
  • Interest Only Loans are qualified using the Interest Only payment (ITIA)
  • Minimum Loan Amount $100K
  • 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%
  • First-time Investors Allowed (min DSCR 1.00%, max LTV 75%)
  • Reserves as low as 6 months
  • Prepayment Penalties permitted
  • IPC 3% Max
  • Title vesting in LLC allowed
  • Non-Warrantable Condos
  • Properties with 1 ADU and income from
    ADU allowed

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
      • 12 Months Personal or Business Bank Statements
      • Asset Qualifier
    • Loan Amounts $100K to $3M
    • LTV/CLTV up to 85% – No Mortgage Insurance Required
    • Maximum DTI’s up to 50%
    • Cash Out up to $1M
    • 9 Months Reserves 
    • Delayed Financing treated as a Rate/Term Refinance
    • Flexible Qualifying Options to exclude the Departing
      Residence in DTI on Primary Residence Purchase
      Transactions
    • Primary, Second Home, and Investment Property
    • 20 Financed Properties allowed for NOO transactions
    • Non-Warrantable Condo allowances
    • 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 or Freddie Mac Loan Product Advisor® (LPA®)
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® or LPA®
Maximum DTI Not applicable

Maximum DTI = 50%

First-Time Homebuyer

= Max 45%

 Maximum DTI = 50%
Restricted Stock Income Not applicable Permitted Permitted
Property Type Investment 1-4 Units SFD with 1 ADU Allowed

Primary Residence,

Second Home,

Investment 1-4 Units

Primary Residence,

Second Home,

Investment, 1-4 Units
Acreage Maximum 10 acres Maximum 20 acres Maximum 10 acres
Condominiums Certain Non-Warrantable Allowances Certain Non-Warrantable Allowances Fannie Mae or Freddie Mac Warrantable
Minimum Loan Amount $100,000 $100,000

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 $3,000,000
Maximum LTV/CLTV

DSCR ≥ 1.00 = 80%

DSCR ≥ 0.80 – <1.00 = 75%

Full Doc & Bank

Statements: 85%

Asset Qualifier: 80%

 89.99%
Reserves

6 months

Loan amounts ≥ 2 million

= 9 months

9 months

See Program Guide for

additional reserve

requirements

6 months up to 2MM

12 months over 2MM

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 or FHLMC​
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/FHLMC 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!