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Nonqualified mortgage (non-QM) lender Logan Finance Corp. has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements.
The “Open Road” product series includes seven mortgage offerings tailored to self-employed individuals, real estate investors and international homebuyers.
Logan Finance says the suite is intended to close a growing financing gap that impacts millions of creditworthy borrowers who don’t meet the standard criteria for conventional loans.
“Every day, mortgage brokers and mortgage lenders encounter talented entrepreneurs, successful investors, and international buyers who deserve homeownership but can’t check the conventional boxes,” said Don Pace, CEO at Logan Finance. “Our Open Road series recognizes that the path to homeownership has evolved, and our lending solutions need to as well.”
The launch comes at a time when traditional underwriting models are struggling to accommodate a rapidly evolving borrower landscape, the company said.
According to the National Employment Law Project, more than 16.75 million Americans are now self-employed — a segment often excluded by income verification rules tied to W-2 wages or tax returns.
Open Road series features include:
- Asset Qualification (Beyond): Allows borrowers to qualify using retirement accounts and other assets.
- Bank Statement (Overland): Uses 12–24 months of bank statements in place of tax returns to verify income.
- Condotel (Horizon): Offers up to 75% loan-to-value (LTV) financing for condo-hotels and resort properties.
- DSCR (Autobahn): Geared toward short-term rental investors, with loan amounts up to $1.5 million at 70% LTV.
- DSCR: No-Ratio (Accelerate): Qualifies investors using only credit score, LTV and reserves — no income documentation required.
- Full Doc (Roam): Available for complex income borrowers with loan amounts up to $3 million.
- P&L (Reach): Accepts CPA-prepared profit-and-loss statements as income documentation.
“We’ve built solutions that work in the real world,” said Bobby Love, president of Logan Finance. “Our scenario desk handles income calculations within 24 hours, our underwriters specialize in each product type, and we provide white-label marketing materials brokers and correspondents can use immediately. We’re not just offering products — we’re offering a partnership.”
Logan Finance is also offering support tools for mortgage brokers and correspondent lenders, including same-day loan scenario analysis, a dedicated condo review desk, custom marketing materials, training programs and integration with major mortgage tech platforms
The Open Road suite is now available through Logan Finance’s wholesale and correspondent channels.
