Introduction to the HomePort Program
The HomePort program is a specialized Non-QM mortgage designed for borrowers who don’t fit into traditional lending boxes. Unlike conventional home loans that require W-2s, tax returns, and strict debt-to-income (DTI) calculations, HomePort makes financing possible with fewer documents, faster approvals, and greater flexibility.
For many buyers—especially entrepreneurs, foreign nationals, or clients with irregular income—the HomePort program can mean the difference between a denied application and a closed deal.
Key Advantages of the HomePort Program
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- No income documentation required – no W-2s, pay stubs, or tax returns.
- No DTI calculations – high DTI is no longer a deal-breaker.
- No employment verification (VOE) – protects client privacy.
- Low paperwork – fewer conditions and fewer back-and-forth requests.
- Fast closings – average processing time is just 10 business days.
- Competitive rates – starting as low as ~6.275% (subject to market updates).
- Rebates available – in some cases up to 2.00%.
Who Is the HomePort Program For?
The HomePort program is ideal for:
- Clients with assets but low taxable income (self-employed, freelancers, gig workers).
- Foreign buyers with overseas funds who don’t want to transfer money into the U.S. before closing.
- High-net-worth individuals who value privacy (executives, attorneys, government employees).
- Borrowers previously denied for high DTI or lack of traditional income documentation.
As long as the borrower has at least 30% down payment, they may qualify to purchase almost as easily as a cash buyer.
HomePort vs. Traditional / Non-QM Mortgage Products
Feature | Traditional Mortgage | Non-QM (Bank Statements, Asset Depletion) | HomePort Program |
| Income Docs | Required | Bank statements or CPA letters | X Not required |
| DTI Ratio | Strict | Calculated | X Ignored |
| Employment Verification | Yes | Sometimes | X Not required |
| Closing Speed | 30–45 days | 20–30 days | ~10 business days |
| Down Payment | 3–20% | 20–25% | ~ 30% |
Requirements for the HomePort Program
To qualify for the HomePort program, borrowers must meet several basic requirements:
- Down Payment: Minimum of 30% of the property purchase price.
- Credit Score: Typically 680–700+ FICO (varies by lender).
- Property Type: Primary residence or second home (investment properties may have restrictions).
- Loan Amount: Conforming and jumbo options available depending on the state and lender.
- Assets: Proof of sufficient funds for down payment and closing costs (can include foreign assets).
- Citizenship: U.S. citizens, permanent residents, and certain foreign nationals are eligible.
This streamlined structure allows borrowers with unique financial profiles to qualify more easily and close loans faster.
Why Choose Loan Factory for the HomePort Program?
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Explore our Loan Factory review At Loan Factory, we go beyond offering access to the HomePort program. We compare your scenario with over 240+ wholesale lenders to ensure you get the best price guarantee.
- Technology Advantage (MOSO): Instant quotes, AI-powered loan matching, and 1-click rate locks.
- Best Price Guarantee: If we can’t beat a competitor’s offer, we’ll pay you $1,000 check.(Terms and conditions)
- Personalized Support: Local loan officers guide you from pre-approval to closing.
- Transparent Fees: No junk fees, no hidden costs.
→ Read more: Top 10 Mortgage Brokers in USA 2025 – Scotsman Guide Ranking
Don’t let income documents or DTI ratios stop you from buying your dream home.
Check your eligibility for the HomePort program with Loan Factory today.
Contact Loan Factory Now – Get a free quote and see if HomePort is right for you.
Frequently Asked Questions (FAQs)
