The Non-QM SMART Series Suite of Products offers an extensive array of flexible mortgage solutions designed for borrowers who fall outside traditional lending guidelines. Whether you’re a seasoned landlord, self-employed business owner, or foreign national, these Non-QM programs provide accessible options without sacrificing opportunity.

Key Loan Programs Within the Non-QM SMART Series Suite of Products

Full Doc – Smart EDGE

The Smart EDGE Full Doc product follows Fannie Mae guidelines and is available for both primary residences and investment properties:

  • Up to 90% LTV for primary homes (max $3.5M loan)
  • Up to 85% LTV for investment properties (max $2.5M loan)
  • Non-warrantable condos and condotels allowed
  • Minimum credit score: 640
  • Cash-out permitted after 6 months of ownership
  • BK/FC seasoning minimum: 2 years
  • 1x30x12 housing history allowed without LTV cut
  • Gift funds allowed for down payment, closing costs, and reserves

Asset-Based – Smart ASSET QUALIFIER

For borrowers with high assets but low or no income:

  • No income, no debt ratio required
  • 80% LTV max, 700 credit score
  • Max loan: $2M, primary residence only
  • Post-close personal assets must be $500K+
  • Must cover projected 5-year expenses including:
    1. New PITIA
    2. Credit debt
    3. Minimum $2,000 monthly personal expenses

DSCR – Smart VEST for Landlords

Perfect for real estate investors qualifying on cash flow from rents:

  • Designed for landlords only
  • Long-term rents:
    • Up to 85% LTV with 1.0 DSCR
    • Up to 75% LTV with DSCR as low as 0.5
  • Short-term rents:
    • Based on AirDNA reporting
    • Up to 80% LTV with 1.0 DSCR
    • Up to 70% LTV with DSCR as low as 0.5
  • Interest-only options available
  • LLC vesting allowed (51% of owners must sign)
  • Max cash-out: $1M at 50% LTV
  • Licensed LO in originating state required
  • Gift funds allowed

Self-Employed – Smart SELF

Tailored for business owners with two years in operation:

  • Up to 50% DTI
  • Accepts alternative documentation:
    1. 12 months business or personal bank statements
    2. 1099 income (contractor)
    3. CPA-signed P&L statement (required if not cash-out)
  • Expense ratio standard at 50%, may be reduced to 15% with CPA letter
  • Other income types allowed:
    • Co-borrower W2
    • Rental income
    • Asset depletion

Foreign Nationals – Smart GLOBAL

Ideal for international borrowers:

  • Max 70% LTV on purchases or rate/term refinances
  • No credit score required
  • Must meet 1.0 DSCR
  • Can use foreign asset documentation
  • 12 months reserves required

Why Choose the Non-QM SMART Series Suite of Products?

The Non-QM SMART Series Suite of Products empowers borrowers who are underserved by traditional lending. These products offer creative and customizable options to help close deals for self-employed individuals, investors, and high-net-worth borrowers.

Whether you’re looking for an alternative to agency guidelines or building a real estate portfolio, these Non-QM programs give you the edge you need.

Need Help Navigating Your Options?

At North Star Mortgage Network, Inc., we specialize in smart lending strategies that meet you where you are—not where the banks think you should be.

Let’s discuss how the Non-QM SMART Series Suite of Products can help you get approved. Call us today at 904-613-7700 or visit us online.

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