ARE YOU turning away business that doesn’t qualify for agency loans?
Now you can say “YES” more often — and monetize more deals — with the Glacier Flex Non-QM Loan Program.
This is a NICHE product with more lenient credit criteria that you won’t find elsewhere. Take a look:
- Jumbo loan amounts:
- $1,500,000 to 90% LTV
- $2,500,000 to 85% LTV
- Credit scores as low as 620
- Flexible credit standards: 36 months of seasoning from foreclosure, bankruptcy, short sale, or deed in lieu
- Alternative income doc: bank statement programs for self-employed borrowers
- Non-warrantable condos considered
- Owner-occupied and second home only (for investment properties, check out our Glacier investment property loan program)
- 30 year fixed and 5/1 ARM terms (Interest-only loans available on 5/1)
See the full loan program guidelines here:
Glacier Flex Non-QM Loan Program Guidelines
Who is Glacier Flex for?
Glacier Flex is ideal for:
- Self-employed borrowers who need to use bank statements to establish incomes
- Creditworthy borrowers with relatively recent negative credit events
- Borrowing for non-warrantable condos
How does Glacier Flex compare to our Denali Non-QM program?
Glacier Flex is an alt-doc program that makes it easier for borrowers to qualify. Denali allows for higher LTVs and better pricing, but it is a full-doc program. Read more about the Denali Jumbo & Non-QM Loan Program.
For more information
For more information, call the Newfi Wholesale team at 888-415-1620.
Check out our other wholesale loan products!