Alison S

Short answer

Yes—your scenario qualifies with many lenders. At 54% LTV, 800 FICO, 35% DTI, $1.35M loan, Full Doc, and 10 months reserves, you fit multiple Non-QM and Jumbo/Non-Agency cash‑out programs below. I recommend starting with FundLoans Montage Prime, The Lender Non‑QHEM Plus/NON‑QHEM, NQM Funding Flex Select, A&D Super Prime/Jumbo, Arc Home Agency Plus, Champions Super Jumbo, and LoanStream Core/Select NonQM.

Key takeaway: You’re well inside credit, LTV, DTI, reserves, and loan size limits; several programs even allow unlimited cash‑out at ≤60–70% LTV.

Matching programs (Owner-Occupied SFR, CA, 1st lien cash-out, Full Doc)

Lender	Program	Max LTV (Cash‑Out)	Max DTI	Reserves at $1.35M	Cash‑out limits	Loan amount limits	Notes
FundLoans	Montage Prime	75%	50%	3–9 mo by LTV (you exceed)	By LTV (no matrix $ cap shown)	Up to $6M	New value with ≥6 mo seasoning [77][1-2]
A&D Mortgage	Super Prime	Up to 90%	55%	6 mo (for $1–2M)	At <55% CLTV: no cash cap	To $4M	Standard cash‑out/title seasoning ≥6 mo [1]
	Prime Jumbo Full Doc AUS	80%	45%	6 mo	$500k	To $2.5M	Title ≥6 mo; listing off market ≥6 mo [2]
	Prime Jumbo	80%	40–45%	6 mo	$500k	To $2.0–$2.5M	Cash‑out seasoning rules apply [3]
Arc Home	Edge Agency Plus	80% (≤$2.5M)	50%	9 mo (for $1–2M)	≤65% LTV: Unlimited; >65%: $1,000,000	To $3M	You’re ≤60%—unlimited cash applies [2,5]
	Access Agency Plus	85% ($1.5M), 80% ($2.0M), 75% ($2.5M)	50%	Tiered (9 mo typical)	<60% LTV: Unlimited; >60%: $750k	To $3.5M	You’re <60%—unlimited cash [4-5]
Champions Funding	Super Jumbo Full /Alt Doc	Matrix‑based (you pass at 54%)	38%	Matrix‑based (lower than 12 mo at $1.35M)	Cash‑in‑hand ≤$1.5M	Jumbo tiers	Min FICO 720 (met) [12-14]
NQM Funding	Flex Select	80%	50%	Matrix; your 10 mo OK	≤60% LTV: Unlimited; >60%: $1M (or unlimited w/18 mo reserves excl. CO)	$125k–$3.5M	Title ≥6 mo; delayed financing allowed [22,24,75]
	Flex Select Express (DU)	Follows Flex Select	DU/≤Flex caps	DU-driven	Follows Flex Select	≤$2.0M	Same seasoning [13]
	Flex Supreme	CO allowed	Program UW	Matrix	≤70% LTV: Unlimited; >70%: $500k	$100k–$3M	Standard seasoning [16-17]
Loan Stream	Core NonQM	80%	45% (to 50–55% w/conds)	~6 mo	≤70% LTV/≥700: up to $1.5M; >70%: $500k	To $4M	Ownership ≥6 mo [1-2]
	Select NonQM	75%	45%	0 mo at ≤75% LTV	Matrix	To $3M	Ownership ≥6 mo [1-2]
	Jumbo ONE	80–85% by tier	DU/LPA	≥3 mo (> $1M–≤$2M)	Not stated	To ~$3.5M+	Cash‑out: ≥12 mo since last mtg txn [1,5-6]
	Jumbo One Advantage	Up to 89.99%	45%	AUS‑based (10 mo OK)	No max cash‑out	To $3M	AUS seasoning [1]
	Jumbo One Premier	80%	DU	9 mo (> $1M–≤$2M)	Max CO $350k (≤$1.5M LA)	To $3M	Listed ≤6 mo ineligible [1,12-13]
The Lender	Non‑QHEM Plus	80% (≤$1.5M)	50%	Std; CO can count	Unlimited	≤$1.5M band fits	Strong fit at 54% LTV [3-4]
	NON‑QHEM	80% (≤$1.5M)	50%	Std	Unlimited	≤$1.5M band fits	Also strong [6-7]
	Non‑QHEM Premier	75% (≤$2.0M band)	Prog. UW	Std	CO cash‑in‑hand ≤$1M	≤$2.0M band	Works; watch $1M cap [1]
Angel Oak	HELOC 1st & 2nd Liens	N/A	—	—	Max line $750k (below need)	—	Not eligible for $1.35M 1st‑lien CO [1]
Deephaven	DSCR 5‑9 Unit	N/A	—	—	Investment/5–9 units only	—	Not eligible (owner‑occ SFR)

My top picks for rate/terms and flexibility

• FundLoans Montage Prime for clean Full Doc NQM execution and high loan limit ^[1-2].
• The Lender Non‑QHEM Plus/NON‑QHEM for generous cash‑out (unlimited at your LTV) and simple reserve treatment ^[3,6].
• NQM Funding Flex Select for unlimited cash‑out at ≤60% LTV and broad caps ^[22,24].
• A&D Super Prime for widest DTI headroom and no cash cap at <55% CLTV ^[1].
• Arc Home Edge/Access Agency Plus for unlimited cash at <60% LTV and strong loan size buckets ^[2,4-5].

Quick next steps

• How much cash-out do you want to take? Some programs switch from “unlimited” to capped above 60–70% LTV or by program.
• How long have you owned the property and was it listed in the past 6 months?
• Any preference on fixed vs ARM, and do you want escrow waivers?
• Any tolerance or requirement regarding prepayment penalties? (Most OO loans have none, but confirm preferences.)

I can price the top 3 options side‑by‑side and show your max cash‑in‑hand today.

Short answer

These lenders offer interest-only jumbo options for your owner-occupied cash‑out scenario: FundLoans, A&D Mortgage, Arc Home, NQM Funding, LoanStream, and The Lender. Champions Funding does not allow IO on primary cash‑out. Angel Oak’s supported product is a HELOC (IO during draw) and won’t meet a $1.35M first‑lien jumbo need. Deephaven’s supported program is investment DSCR only (not applicable).

Who offers interest-only jumbo (owner‑occ cash‑out, Full Doc)

Lender	IO Jumbo Available?	Notes
FundLoans	Yes	Montage Prime, ALTA: 40‑yr IO and ARM IO options [77]
A&D Mortgage	Yes	Super Prime/Prime: 10‑yr IO on ARMs; qualifies at post‑IO payment
Arc Home	Yes	Access/Edge Agency Plus: 5/6 or 7/6 SOFR ARMs with IO [2,4-5]
NQM Funding	Yes	Super Jumbo and Flex Select: 10‑yr IO allowed [16-17]
Loan Stream	Yes	Core NonQM (ARM/Fixed IO); Jumbo ONE Advantage (Fixed IO)
The Lender	Yes	Non‑QHEM Plus and NON‑QHEM: 10‑yr IO on ARMs (30/40‑yr terms)
Champions Funding	No (for primary)	IO not eligible on owner‑occupied cash‑out [14]
Angel Oak	Not applicable	Supported product is a HELOC (IO during draw); line caps won’t meet $1.35M 1st‑lien jumbo need
Deephaven	Not applicable	Supported program is DSCR 5–9 unit (investment), not owner‑occupied

Want me to show payments and max cash‑out across the best IO options (FundLoans, A&D, Arc Home, NQM Funding, LoanStream, The Lender) for 10‑yr IO vs fully amortizing?