Deephaven Mortgage Review
Founded 2012 · Charlotte, NC · Nationwide
4.0
Editor Rating
Deephaven Mortgage is a pure non-QM lender (owned by Pretium) that has focused exclusively on alternative-documentation loans since 2012. For consumers, the key point is that Deephaven is wholesale and correspondent only — you reach its programs through a mortgage broker, not directly.
Editor's Take
A non-QM pioneer with a clean, focused menu for the self-employed, including ITIN. As with Angel Oak, it is a behind-the-scenes loan source — you access Deephaven through a broker, so choose that broker well.
— Bill Rice, 30+ year mortgage lending veteran
Deephaven Mortgage Review: The Full Breakdown
Deephaven Mortgage has been a pure-play non-QM lender since 2012, one of the early movers in rebuilding responsible alternative-documentation lending after the financial crisis. It does not dabble in agency or government loans — non-QM is the entire business — and that focus shows up in a clean, well-developed menu of bank statement, asset, 1099, P&L, and ITIN programs, plus second liens and first-lien HELOCs. Its ownership by Pretium, a large institutional investor, gives it deep funding behind those programs.
For a consumer, the operative detail is identical to Angel Oak's: Deephaven is a wholesale and correspondent lender, not a direct one. You do not apply on Deephaven's website and get a loan; instead a mortgage broker (or a correspondent lender) places your file with Deephaven. Think of Deephaven as the source of the money and the guidelines, with the broker as your actual point of contact.
That makes Deephaven an excellent option to have your broker quote — its underwriting reputation in non-QM circles is strong — but not a lender you engage directly. If you are shopping on your own without a broker, you will want a consumer-direct lender instead; if you already have a broker, ask whether Deephaven is one of the investors they compare for your scenario.
Pros & Cons
Pros
- Dedicated non-QM pioneer — alternative-doc focus since 2012
- Full self-employed menu including bank statement, asset, 1099, P&L, ITIN
- Also offers second liens and first-lien HELOCs
- Backed by Pretium, a large institutional investor
Cons
- Wholesale/correspondent only — apply through a broker, not directly
- No agency or government loans for comparison under one roof
- Consumer experience depends entirely on the broker
Loan Products Offered
Eligible Property Types
Best For
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Deephaven Mortgage Review: Frequently Asked Questions
Is Deephaven Mortgage a legitimate lender?
Deephaven Mortgage is an established lender founded in 2012 and headquartered in Charlotte, NC. It lends nationwide and specializes in bank statement loans, self employed mortgages, non qm loans, asset depletion loans, 1099 income loans, profit and loss loans, no tax return mortgages and itin mortgages. To verify it for yourself, confirm Deephaven Mortgage's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.
What are the pros and cons of Deephaven Mortgage?
Pros: Dedicated non-QM pioneer — alternative-doc focus since 2012; Full self-employed menu including bank statement, asset, 1099, P&L, ITIN; Also offers second liens and first-lien HELOCs. Cons: Wholesale/correspondent only — apply through a broker, not directly; No agency or government loans for comparison under one roof; Consumer experience depends entirely on the broker.
Does Deephaven Mortgage offer bank statement loans?
Yes. Deephaven Mortgage offers bank statement loan programs that qualify self-employed borrowers using 12–24 months of bank deposits instead of tax returns or W-2s — useful for business owners and 1099 earners with non-traditional income.
What credit score do you need for Deephaven Mortgage?
Deephaven Mortgage's published minimum credit score is 620. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.
What rates and fees does Deephaven Mortgage charge?
Deephaven Mortgage's rates run approximately 7%–9.75% with origination fees of Set by your broker, on loans from $100K to $4M (up to 90% LTV). All figures are approximate and subject to change — request a written quote for your scenario.
How fast can Deephaven Mortgage close a loan?
Deephaven Mortgage typically closes in 25–40 days, depending on the loan program, the property, and how quickly you provide documentation.
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. Self-Employed Lending Hub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.