What is a DSCR loan and who qualifies?

A DSCR (Debt Service Coverage Ratio) loan qualifies based on the property's rental income rather than the borrower's personal income. Origin Mortgage offers DSCR loans down to 0.75, for 1-8 unit properties, with LLC eligibility and short-term rental (Airbnb/VRBO) friendly options. Maximum loan amount is $3M with up to 80% LTV.

What is a Non-QM loan?

A Non-QM (Non-Qualified Mortgage) loan is designed for borrowers who don't meet conventional lending requirements. Origin Mortgage offers bank statement programs (12 or 24 months), P&L only approvals, asset depletion, 1099, and W2 only programs with financing up to $3 million and up to 90% LTV.

Can I get a mortgage with bank statements instead of tax returns?

Yes. Origin Mortgage's bank statement program allows self-employed borrowers to qualify using 12 or 24 months of personal or business bank statements instead of tax returns. This is ideal for business owners, gig workers, and anyone with complex income situations. Up to 90% LTV available with qualifying credit.

What is the minimum down payment for an FHA loan?

FHA loans require as little as 3.5% down payment with credit scores starting at 580. Origin Mortgage accepts manual underwrites, gift funds, and down payment assistance programs. Streamline refinancing is also available for existing FHA borrowers.

Do VA loans require a down payment?

No. VA loans offer 0% down payment for eligible veterans, active-duty service members, and surviving spouses. There is no monthly mortgage insurance (PMI), and Origin Mortgage offers VA IRRRL streamline refinances and cash-out options up to 100% LTV.

What is the difference between Business Purpose and Consumer Purpose loans?

Business Purpose loans (DSCR, No Ratio, Foreign National) are for investment properties and require no state mortgage license for brokers. Consumer Purpose loans are for owner-occupied properties and require appropriate state licensing. Origin Mortgage offers both categories with comprehensive program options.

Can I get a mortgage as a foreign national?

Yes. Origin Mortgage offers Foreign National programs specifically for non-US citizens investing in US real estate. No SSN required, with alternative credit evaluation accepted. Available for investment properties up to 75% LTV and $2M maximum loan amount.

What is a reverse mortgage and who is eligible?

A reverse mortgage allows homeowners age 62 and older to access home equity without making monthly mortgage payments. Origin Mortgage offers both FHA HECM and jumbo proprietary reverse programs with lump sum, line of credit, or tenure payout options. The loan is non-recourse, protecting heirs from owing more than the home's value.

Origin Mortgage Programs | Non-QM, DSCR, FHA, VA, Conventional, Reverse

Business Purpose Loans

Investor & Business Financing

Investment property loans with no state licensing requirements for mortgage brokers. Built for real estate investors and business entities.

No License Required

DSCR

Debt Service Coverage Ratio

DSCR 0.75+ Up to 80% LTV Max $3M

Cash-flow based financing that qualifies the property, not the borrower. Perfect for investors expanding single-family, multifamily, and short-term rental portfolios.

1-8 unit residential
STR (Airbnb/VRBO) friendly
Close in LLC or personal name
Interest-only and 40-year IO options

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No License Required

No Ratio

No income verification required

No Income Verification Up to 75% LTV Max $2M

Investment property financing without income verification. Perfect for investors with complex income or privacy concerns.

No income docs needed
Investment properties only
Min FICO: 660
Streamlined approval process

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No License Required

Foreign National

Non-US citizen lending

No SSN Required Up to 75% LTV Max $2M

Financing for non-US citizens investing in US real estate. Alternative credit evaluation accepted.

No SSN required
Investment properties
Alternative credit OK
International documentation accepted

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Consumer Purpose Loans

Owner-Occupied & Consumer Financing

Comprehensive solutions for homebuyers and homeowners, from Non-QM flexibility to traditional agency programs.

Non-QM Programs

Alternative documentation and flexible underwriting for borrowers who don't fit traditional boxes.

License Required

Bank Statements

12 or 24 month statements

Up to 90% LTV Max $3M 700+ FICO at 90%

Qualify using personal or business bank statements instead of tax returns. Ideal for self-employed borrowers with strong cash flow.

12 or 24 month options
Personal or business statements
90% LTV requires 700+ FICO
Purchase or refinance

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License Required

P&L Only

Profit & Loss statements

Up to 90% LTV Max $3M CPA-Prepared

Qualify with CPA-prepared P&L statements. Simplified documentation for business owners with professional accounting.

CPA-prepared P&L accepted
Self-employed borrowers
No tax returns required
Streamlined approval

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License Required

1099 Only

Independent contractors

Up to 90% LTV Max $3M 1-2 Year 1099s

For independent contractors and gig workers who receive 1099 income. Simplified documentation path.

1 or 2 year 1099s
Independent contractors
Gig economy workers
Flexible underwriting

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License Required

W2 Only

Simplified docs for employees

Up to 90% LTV Max $3M No Tax Returns

Salaried employees can qualify with W2s only. No tax returns needed for straightforward employment income.

W2 employees
No tax returns needed
Simplified documentation
Fast approval

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License Required

Asset Depletion

Qualify on assets, not income

Up to 80% LTV Max $3M Liquid Assets

Qualify based on liquid assets rather than traditional income. Perfect for retirees and high-net-worth individuals.

Asset-based qualification
Retirees welcome
High-net-worth individuals
No income verification

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Agency & Government Programs

Traditional conforming and government-backed loans with competitive rates and proven reliability.

License Required

Conventional

Fannie Mae / Freddie Mac

3-5% Down DU/LP High-Balance

Competitive agency rates with access to both DU and LP underwriting engines, plus high-balance options for expensive markets.

HomeReady/Home Possible 3% down
Investment & second home eligible
Appraisal waivers when eligible
High-balance above conforming limits

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License Required

FHA

Federal Housing Administration

3.5% Down FICO 580+ Gift Funds OK

Flexible government-backed financing with low down payments and forgiving credit guidelines for first-time and returning homebuyers.

As low as 3.5% down
Manual underwrites accepted
Gift funds and DPA compatible
Streamline refinance available

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License Required

VA

Veterans Affairs

0% Down No PMI Veterans

Serving veterans, active duty service members, and eligible spouses with zero-down financing and no mortgage insurance.

0% down payment
No monthly mortgage insurance
VA IRRRL streamline refinances
Cash-out up to 100% LTV

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License Required

Reverse Mortgages

HECM & Proprietary Jumbo

Age 62+ No Monthly Payment Non-Recourse

Unlock home equity without monthly payments using FHA HECM or jumbo proprietary reverse solutions.

Homeowners age 62+
Lump sum, line of credit, or tenure
No monthly mortgage payments
Non-recourse protection for heirs

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