Ally Equity First Loan Program

Equity is the new qualifier for homebuyers.

When the Numbers Don't Add Up, Equity May.

Not every homebuyer has perfect credit, but many have built real equity in a property. Traditional lending often turns these borrowers away over credit score alone, even when they're otherwise ready to buy or refinance. Champions Funding's Ally Equity First No Ratio loan program changes the equation.

‍
Instead of focusing on a borrower's credit profile, Ally Equity First puts the emphasis on the property's equity. With Champions Funding, you have a powerful solution to rescue primary and second home purchases and refinances that other lenders decline.

‍Rescue deals other lenders leave behind.
Alternative Documentation
Help your homebuyers and investors win big with fast, flexible Alt-Doc loan solutions. Alternative Documentation (Alt-Doc) programs are built for borrowers who don’t fit the traditional mold—no W2s or tax returns required. Instead, income is verified through bank statements, P&L-only, 1099-only, WVOE-only, asset utilization, and more. Whether it's self-employed borrowers or seasoned investors, Alt-Doc loans make it easier to qualify—and faster to fund.

Program Highlights

No Ratio for Primary & Second Homes

No min. FICO (no FICO required)
Max CLTV 55%
Max Loan Amount $1.5M
No Ratio — No income or DTI calculation
1 day out of Bankruptcy allowed
Mortgage lates allowed*
Borrowers to be less than 90 days late at closing
Looking for our flagship Ally product? Learn more here.
‍
*See program guidelines for complete details and eligibility requirements
Low or No Credit Score No minimum FICO requirement means borrowers aren’t automatically eliminated because of credit score.
Non-Traditional Income No Ratio underwriting means no income or debt-to-income calculation which is ideal for self-employed, retired, or asset-rich borrowers.
Cash-Out Opportunities Help borrowers tap into home equity, even after previous credit challenges or financial hardship.
Looking for a DSCR option? Focus on the strength of the property’s equity rather than debt service coverage ratios. Learn more.
Let's Get started

What is Non-QM?

Learn More

White Label Marketing

Learn More

Quick Pricer

Learn More

Become an Approved Broker

Champion your loan with the Champs of the Non-QM Market

© 2026 All Rights Reserved. Equal Housing Opportunity. Champions Funding, LLC, 365 E. Germann Rd., Suite 140 Gilbert, AZ 85297. NMLS ID #2254210. For licensing, visit nmlsconsumeraccess.org. Information is solely intended for mortgage bankers, mortgage brokers, and financial institutions and is not an advertisement to extend credit directly to consumers. All loans subject to credit approval. Rates and fees subject to change.