PROGRAMS
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Our Product Suite

Binomial Real Estate’s products are structured programs designed to support the execution and ongoing management of institutional residential real estate portfolios. Each program applies disciplined processes, clear governance, and consistent oversight to complex portfolio strategies.

Diamond NQM

A premium offering of full, express, bank statement and P&L documentation programs providing options for originators with high quality borrowers.

  • Qualify through full documentation (W-2s, tax returns), express doc (streamlined 1-year), or alternative documentation (12/24-month personal or business bank statements, P&L prepared by CPA/EA/CTEC, or 1099 program)
  • Product Types: 30-year fixed, 5/6 ARM, 7/6 ARM, 10/6 ARM, 30-year IO (5, 7, or 10-year IO, 40-year IO (10-year IO, 30-year amortization), Interest-only available with min 700 FICO
  • Minimum FICO of 680; maximum LTVs up to 80%; owner-occupied, second homes, and investor properties available
  • Maximum loan size of $3,000,000; minimum loan size of $125,000
  • Maximum DTI of 50%; min 700 FICO required for DTIs above 43%
  • Housing history: 0x30x12; credit event seasoning: 4 years

Diamond DSCR

A program offering for originators designed for investors qualifying on the Debt Service Coverage Ratio of the property.

  • Income qualification based on Debt Service Coverage Ratio (DSCR); tenant-occupied units require leases, appraised market rents, and two months of proof of rent payment; unoccupied units qualify via appraised market rents
  • Product types: 30-year fixed, 5/6 ARM, 7/6 ARM, 30-year IO (10-year IO, 20-year amortization), 40-year IO (10-year IO, 30-year amortization); interest-only available on ARM and fixed rate
  • Minimum FICO of 680; maximum LTVs up to 80% on purchase; min DSCR of 1.0x for FICO >= 720 and 1.2x for FICO < 720
  • Maximum loan size of $2,000,000; minimum loan size of $125,000; first lien only
  • Foreign nationals eligible with minimum 1.3x DSCR; housing history: 0x30x24; creditevent seasoning: 3 years

Onyx NQM

An expanded Prime program offering full, express, bank statement, P&L and asset depletion documentation programs.

  • Qualify through full documentation (W-2s, tax returns), express doc, or alternative documentation (12/24-month personal or business bank statements, P&L, 1099 program, or asset depletion)
  • Product types: 30-year fixed, 5/6 ARM, 7/6 ARM, 10/6 ARM, 30-year IO (5, 7, or 10-year IO), 40-year IO (10-year, 30-year amortization); interest only available with min 700 FICO
  • Minimum FICO of 660; maximum LTVs up to 90% (owner-occupied); owner occupied, second homes, and investor properties available
  • Maximum loan size of $3,500,000; minimum loan size of $125,000
  • Maximum DTI of 55%; min 700 FICO required for DTIs above 50%
  • Housing history: max 1x30x12; credit event seasoning: min 2 years

Onyx DSCR

An expanded program offering for originators designed for investors qualifying on the Debt Service Coverage Ratio of the property.

  • Income qualification based on DSCR; tenant-occupied units require leases, appraised market rents, and two months of proof of rent payment; unoccupied units qualify via appraised market rents
  • Product types: 30-year fixed, 5/6 ARM, 7/6 ARM, 30-year IO (10-year IO, 20-year amortization), 40-year IO (10-year IO, 30-year amortization); interest-only available on ARM and fixed rate
  • Minimum FICO of 660; maximum LTVs up to 80% on purchase; minimum DSCR of 1.0x
  • Maximum loan size of $2,500,000; minimum loan size of $125,000; first lien only; supports up to 4 units per property
  • Foreign nationals eligible; housing history: 1x30x24; credit event seasoning: 3 years

Product Comparison Matrix

FeatureDiamond NQMDiamond DSCROnyx NQMOnyx DSCR
Min FICO680680660660
Max Loan Size$3M$2M$3.5M$2.5M
Min Loan Size$125K$125K$125K$125K
Max LTV (Purchase)80.00%80.00%90% (OO)80.00%
Max DTI50% (700+ FICO for >43%)N/A55% (700+ FICO for >50%)N/A
Min DSCRN/A1.0x (FICO ≥720) / 1.2x (FICO <720)N/A1.0x
Income DocumentationFull doc | Express | Bank Stmt | P&L | 1099 | Asset DepletionDSCR (rental income)Full doc | Express | Bank Stmt | P&L | 1099 | Asset DepletionDSCR (rental income)
Product Types30yr Fixed | ARMs | IO | 40yr IO30yr Fixed | ARMs | IO | 40yr IO30yr Fixed | ARMs | IO | 40yr IO30yr Fixed | ARMs | IO | 40yr IO
Interest OnlyAvailable (min 700 FICO)AvailableAvailable (min 700 FICO)Available
OccupancyOO | Second Home | InvestorInvestor onlyOO | Second Home | InvestorInvestor only
Housing History0x30x120x30x24Max 1x30x121x30x24
Credit Event Seasoning4 years3 years2 years3 years