You Missed By One Thing.
Built for strong borrowers who fall outside agency guidelines on a single factor rather than on substance.*
Declined on a technicality, not on strength.
Most files that fail agency underwriting fail on one box. This program is built around that borrower.
- Full documentation, or a streamlined single year version*
- Twelve months of personal or business bank statements*
- Twelve months of 1099 income, or a profit and loss statement*
- Asset utilization on purchase and rate and term financing*
- Owner occupied, second home and investment property*
- Seasoning applies after a significant credit event*
Qualifying routes include full doc, bank statements, 1099, profit and loss, and assets*
Full documentation, or a streamlined single year version*
Twelve months of personal or business bank statements*
Twelve months of 1099 income, or a profit and loss statement*
Asset utilization for borrowers with assets rather than income*
Owner occupied, second home and investment property all eligible*
What is the Saxton Expanded Prime Loan?
Agency quality borrowers, documented in ways agency guidelines do not accept
Expanded prime sits directly above the rest of non-QM and directly below agency. The borrowers here are strong. What puts them outside conventional financing is usually one thing: how the income is documented, a recent credit event that has since seasoned, or a property type agency will not take.
Two things decide this one: which documentation route fits the way you actually earn, and which investor grid your file lands best against. Both are worth comparing rather than assuming.
Because more than one investor writes to this tier, the routes differ. Some allow a single year of tax returns where agency wants two. Some price a profit and loss statement on its own. Interest only structures exist on parts of the program. Which door fits depends on the file rather than on the label.*
Why choose the Saxton Expanded Prime Loan?
Built for borrowers a national lender declined on paperwork rather than on risk.
One Year Instead Of Two
A streamlined full doc route accepts a single year of returns where agency guidelines ask for two.*
Assets Instead Of Income
Asset utilization converts documented assets into qualifying income for purchase and rate and term financing.*
A Seasoned Credit Event
A bankruptcy or foreclosure that has seasoned long enough is not automatically disqualifying at this tier.*
Investment Property Too
This is not only an owner occupied program. Second homes and investment property are both eligible.*
Interest Only Exists Here
Parts of the program offer an interest only period, which changes the scheduled payment while it runs.*
More Than One Investor
Several investors write this tier and their grids differ. Comparing them properly is the work, and it is the work we do.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about expanded prime financing.
It is the tier directly below agency and directly above the rest of non-QM. The borrowers are strong. What puts them outside conventional financing is usually one factor rather than a pattern.
A bank statement loan is one documentation route. Expanded prime is a tier that contains several, including full documentation, a single year version, 1099, profit and loss, and assets.*
Often it does not. A decline from a national lender is usually a documentation decision rather than a judgment on your strength, and that is exactly the borrower this tier was designed for.
Yes. Asset utilization converts documented assets into a qualifying income figure, and it is available on purchase and rate and term financing.*
Seasoning periods apply and they differ by investor. A licensed loan officer can tell you where you sit against each grid rather than guessing at one.*
No. Owner occupied, second home and investment property are all eligible, though the terms differ by occupancy.*
Because more than one investor writes this tier and their grids are genuinely different. That is why comparing them is the job rather than a formality.
Find out what you qualify for
If a national lender declined you on paperwork rather than on strength, there is likely a Saxton Expanded Prime Loan that fits. Get a fast, no obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Expanded prime programs are written by more than one investor and eligibility, documentation routes, seasoning periods and terms vary between them. Requirements vary by occupancy, credit profile and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.