Non QM Loans

NO-TAX RETURNS LOANS FOR BORROWERS WHO MAY NOT FIT TRADITIONAL LENDING GUIDELINES

Magellan has great programs for Self Employed borrowers, Investors and Recently Retired
Whether you are buying a new property or refinancing an existing property or taking cash out
From your home, we have access to excellent programs for you.

INVESTOR CASHFLOW (DSCR)
Program allows your clients to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. this saves you from submitting complicated income statements and tax returns. Debt service coverage ratio or DSCR is a measurement of a property's expected cash flow to determine ability to repay a mortgage loan.

Loansp to $3 million, minimum loan of $100,000
Qualification based on property cash flow

BANK STATEMENT MORTGAGE

BUSINESS BANK STATEMENT MORTGAGE

1099 INCOME LOAN