Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of several new product lines.

Its new “Mega Elite” non-QM and debt service coverage ratio product lineup includes alternative income documentation products such as its three- and 12-month bank statement products, CPA and borrower prepared P&L and asset utilization, and its investment properties debt service coverage ratio with 1:1 and no ratio options.

According to the rate sheets, through its “Elite Non-QM” product, Mega Capital has loans between $250,000 and $2 million, with a max debt-to-income ration details ⇒

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