NonQM Loans
What Are NonQM Loans?
Non-QM loans, otherwise known as Non-Qualified Mortgages, are designed for borrowers who may not meet the conventional requirements of a standard loan program. These types of loans cater to those with financial profiles that fall outside the typical qualifications of a mortgage. Non-QM loans offer an alternative route for prospective homeowners, particularly those facing recent negative credit events or those who have alternative means of proving income.
Unlike standard mortgages, Non-QM loans aren’t insured, guaranteed, or backed by organizations like the FHA, VA, Fannie Mae, or Freddie Mac4. They exist to help borrowers who don’t fit the usual criteria to buy a home, but it’s important to note that they come with their own set of risks.
If you’re struggling to secure a mortgage due to unconventional income or credit, a Non-QM loan could be your pathway to homeownership. However, it’s crucial to understand the pros and cons before you make a decision.
What You Need to Know About NonQM Loans?
- DSCR
- Bank Statement
- Super Jumbo
- Foreign National
- Fix N Flip
- Unverifiable Income
- Asset Depletion
- Multi-Unit
- Ground-Up Construction
- Near Miss
Other Service
Our Pre-Approval Process
Follow the 5-Step process to guaranteed success in your home buying journey. Our goal is to ensure a smooth and fluid process, which is achieved educating you every step of the way. Let us guide you home!
We begin by understanding your financial goals and needs and discussing various loan options available to you in detail.
Once you've chosen the right loan program, we assist you in completing the loan application accurately and efficiently.
You'll securely upload necessary documents such as income statements, tax returns, and identification to our online portal for review.
Our team reviews your application and documents to ensure everything is in order and meets lender requirements.
Upon successful review, you'll receive pre-approval, indicating that you meet initial qualification criteria, giving you confidence as you move forward with your home purchase.
Ready to Start The Pre-approval Process?
Its never too early to start the pre-approval process!
Choose us for our unparalleled expertise and years of experience in the mortgage industry. Our team of professionals possesses deep knowledge and understanding of the market, ensuring you receive top-notch guidance and advice throughout the loan process.
With us, you can trust that you're working with a transparent and trustworthy partner. We believe in open communication, honesty, and integrity, providing you with clear information and guidance to make informed decisions confidently. Choose us for a seamless and trustworthy mortgage experience you can rely on.
we offer flexible fees and an easy process, ensuring a hassle-free experience from start to finish. Choose us for a seamless and trustworthy mortgage experience you can rely on.
