Is a Non-QM loan right for you?
Non-QM (Non-Qualified Mortgage) loans offer an alternative for borrowers who may not meet the standard criteria for conventional mortgages. Whether you’re self-employed, have a unique financial situation, looking to purchase investment properties, or have a less-than-perfect credit history, a Non-QM loan could be the key to securing a creative financing solution. These loans provide more flexibility and are designed to help individuals who might not qualify for traditional mortgage options, allowing you to achieve your homeownership goals.
Benefits of a Non-QM loan
- Flexible Qualification Requirements: Non-QM loans are ideal for borrowers with non-traditional income sources, such as self-employed individuals or real estate investors, who may not have standard W-2 forms or tax return history to support qualification.
- Accommodates Unique Financial Situations: If you’ve experienced past credit issues or have non-traditional assets, a Non-QM loan can provide a pathway to homeownership without the rigid requirements of a conventional mortgage.
- Variety of Loan Products: From interest-only loans, asset depletion, DSCR, Â to bank statement loans, Non-QM options allow us to tailor the mortgage product that best suits your financial situation and needs.
- Faster Approval Process: With more flexible underwriting guidelines, Non-QM loans can often offer a quicker approval process, getting you into your home sooner.
- Potential for Higher Loan Amounts: For borrowers with substantial assets or a strong financial profile, Non-QM loans may offer larger loan amounts than traditional options, helping you purchase the home of your dreams.
