Introducing the Elite Access Non-QM Program


Homebridge is pleased to be introducing the Elite Access program.  This new non-QM program offers extremely competitive pricing.

Elite Access is available for new submissions on or after April 7, 2023.

Highlights of Elite Access

  • Elite Access offers three documentation options:
    • Full Doc,
    • Bank Statement (12 and 24 months).  Bank statement income may be documented as follows:
      • Uniform Expense Ratio
      • CPA Letter for Expense Ratio
      • Profit and Loss Statement
      • Deposits Less Withdrawals
    • Asset Depletion
  • 1-4 primary residence and 1-unit second home eligible
  • Maximum 90% LTV up to $2,000,000 loan amount
  • Maximum DTI 50%
  • Minimum credit score 660
  • Purchase, rate/term, and cash-out refinance eligible
  • Maximum cash-out $1,000,000
  • Gift funds eligible after 5% borrower own funds requirement met
    • Purchase transactions with an LTV ≤ 70%, borrower contribution not required and all funds may come from a gift
  • First time home buyers and borrowers living rent free eligible
  • Permanent and Non-Permanent residents eligible
    • See guides for eligible documentation requirements
  • No residual income requirement
  • No payment shock requirement
  • Fixed rate fully amortizing 20 or 30 year loan term
  • Available in all 50 states
  • A full appraisal and one secondary valuation required on all transactions
  • Reserve requirements:
    • Loan amount $100,000 to $500,000: 3 months PITIA
    • Loan amount $500,001 to $2,000,000: 6 months PITIA
    • Borrowers with additional financed properties: Additional 2 months PITIA for each additional financed property
    • Cash-out proceeds are eligible to satisfy reserve requirements
  • Mortgage/rental history:
    • 0x30 in previous 12 months
    • FTHBs: 0x30 in previous 24 months (at least one FTHB on the transaction must have a 24 month rental history)
  • Rural properties eligible; maximum 15 acres
  • Subordinate financing eligible

Refer to the Elite Access guidelines for complete details and requirements

Elite Access Full Doc, Bank Statement and Asset Depletion Matrix


P.A.T.H. has been updated with the Elite Access offering.  Brokers must select one of the following from the Product section located on the Short Application screen:

  • Elite Access 30 year Fixed, or
  • Elite Access 20 year Fixed

Brokers must also select the appropriate documentation option from the Specialty Program section on the Short Application page

  • Elite Access 12 Month Alternative Doc,
  • Elite Access 24 Month Alternative Doc,
  • Elite Access Asset Depletion, or
  • Elite Access Full Doc

The Elite Access guidelines have been posted on the Homebridge website at www.HomebridgeWholesale.com on the Products and Guidelines page.

If you have any questions, please contact your Account