Mortgage solutions crafted for buyers and investors
At DH Mortgage Group, we offer a range of mortgage programs tailored to first-time buyers, self-employed borrowers, real estate investors and foreigners ensuring you find the right financing for your goals.
FHA
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). It’s designed to help borrowers with lower credit scores, limited savings, or higher debt-to-income ratios qualify for a home loan. Ideal for first time home buyers.
- Must be for primary residence (owner occupied property)
- Minimum downpayment required is 3.5% (10% for low credit score)
- Minimum credit score required 580+
- A least 2 years employment history in the same line of work.
- Maximum DTI (Debt to income) ratio allowed 56%
CONVENTIONAL
A home loan offered by private lenders (banks, mortgage brokers, credit unions) and backed by Fannie Mae or Freddie Mac guidelines—not government-insured.
- Can be even for primary residence, second home and/or investment property
- Minimum downpayment required between 3% and 5% (depending on credit score)
- Minimum credit score required 620+
- A least 2 years employment history in the same line of work.
- Maximum DTI (Debt to income) ratio allowed 50%
NON QM
A Non-QM loan (Non-Qualified Mortgage) is a type of mortgage designed for borrowers who don’t meet traditional FHA or Conventional guidelines, usually because of income documentation, employment history, or credit profile. They are popular with self-employed borrowers, investors, foreigners and people with unique financial situations.
- DSCR loans (Debt Service Coverage Ratio)
- Foreign nationals
- Bank statements loans (12 or 24 months)
- Profit and Loss (P&L) loans
DSCR
A DSCR loan is a type of Non-QM mortgage designed for real estate investors. Instead of qualifying based on your personal income, you qualify based on the income the investment property generates.
Formula:
DSCR Formula = Rental Income / Monthly Mortgage Payment
Note: Monthly Mortgage Payment includes:
PITIA (principal + interest + taxes + insurance + Homeowners Association if applicable)
Ideal DSCR ratio Over 1%
- Approval based on property rental income.
- No income or employment verification.
- Maximum LTV (Loan to value) allowed for cashout refinance between 70% and 80% (depending on credit score and DSCR ratio).
- Minimum downpayment required between 15% and 25% (depending on credit score and DSCR ratio).
- Minimum credit score required 640+.
Foreign national
Specialized mortgage solution for foreign homebuyers.
- Minimum downpayment required between 25% and 30% (depending on the type of property)
- No VISA Required
- No Credit Reference Letters Required
- Copy of most 3 recent months bank statements
- Proof of 6 months reserves, down payment and closing costs
- A legible copy top and bottom of an unexpired passport
- Have a real estate property in country of origin
- Assets held in a foreign account can be wired directly to the title company.
BANK STATEMENTS
Bank Statement Loans are non-QM mortgages designed for self-employed borrowers who don’t qualify using tax returns. Ideal for business owners with significant monthly deposits in their bank accounts.
- 12 or 24 months of bank statements from personal or business accounts (sometimes both)
- Applies an expense factor (commonly 40–60%) from all qualifying deposits, remaining amount = qualifying income
- Up to 90% LTV on Purchase and Rate & Term Refinances (depending on credit score)
- Up to 80% LTV on Cash Out Refinances
- Credit score usually 620–660+
PROFIT & LOSS
Profit and Loss (P&L) loans are a type of non-QM mortgage designed mainly for self-employed borrowers or business owners who don’t qualify using traditional tax returns.
- Profit & Loss statement (prepared by accountant or licenced tax preparer) covering the most recent 12 months
- Analysis of gross revenue, business expenses and net income shown on the P&L
- Owner-occupied, second homes, and investment properties
- 100% gift funds allowed
- Maximum LTV (Loan to value) allowed 80%
- Credit score usually 620–660+
HELOC (Home Equity Line of Credit)
A HELOC is a line of credit secured by the equity in your home. You only pay interest on the amount you use, not the full limit. It usually has a variable interest rate (some lenders offer fixed options). It has two phases: Repayment period (10–20 years): no more borrowing, only repayment. Draw period (3–10 years): you can borrow and make payments.
- Based on your home equity, your home is used as collateral
- Maximum LTV (Loan to value) allowed between 80% and 90% (depending on credit score)
- Owner-occupied, second homes, and investment properties
- Minimum credit score required 640+.
- Maximum DTI (Debt to income) ratio allowed between 45%-50% (depending on credit score)
- Requires proof of income and income verification.
- Requires 1st mortgage verification.
HELOAN (Home Equity Loan)
Uses the equity in your home as collateral. You receive a lump sum of money upfront. Has a fixed interest rate, Fixed monthly payment & Fixed term (commonly 10–30 years)
- Based on your home equity, your home is used as collateral
- Maximum LTV (Loan to value) allowed between 80% and 90% (depending on credit score)
- Owner-occupied, second homes, and investment properties
- Minimum credit score required 640+
- Maximum DTI (Debt to income) ratio allowed between 45%-50% (depending on credit score)
- Requires proof of income and income verification.
- Requires 1st mortgage verification.
HARD MONEY
Hard Money Loans are short-term, asset-based loans mostly used by real estate investors. Loan terms: 6–24 months, Interest rate: 8–15%+, Points: 1–4 points Payments: interest-only
- Loan structure based on LTV (Loan to value) or ARV (After Repair Value)
- Purchase: up to 65–75% LTV
- Fix & flip: up to 70–75% ARV
- Best for Fix & flips, Cash-out bridge loans, Auctions / fast closings, distressed properties and investors with time-sensitive deals
