Arc Home Correspondent ALERT – NEW Arc Edge Non-QM Program

Arc Home is excited to announce the release of our new Edge Non-QM program, available for loans registered on or after December 4, 2023. The Edge Non-QM product offers NEW eligibility matrices, expanded guidelines, and competitive pricing – take a look at the product highlights below!

·         Full Doc, Alt Income and Debt Service Coverage Ratio (DSCR) qualifying

·         Loan amounts eligible to $3,000,000

·         Reserves as low as three (3) months

·         1x30x12 housing history permitted

·         Derogatory credit events seasoned at 36 months

·         Fixed Rate and ARM – Fully Amortized and Interest Only options available

·         Purchase, Rate/Term, and Cash-Out Refinance allowed

·         1-4 unit properties, warrantable and non-warrantable condos eligible

·         Guideline exceptions may be considered

The Edge Non-QM program eligibility details were added to the Access Non-QM matrices, which are available on the Arc Home website (HERE). As a reminder, the Arc Underwriting Guide is available within the SPARC portal (HERE).