A Non QM Mortgage
A non-qualified mortgage (non-QM) is a home loan designed to help homebuyers who can’t meet the strict criteria of a qualifying mortgage. For example, if you are self-employed or don’t have all the necessary documentation to qualify for a traditional mortgage, you might need to look at non-qualified mortgages.
With Non QM Mortgages, you can do terms of 15, 20, 30 years, Interest Only Loans, and even 40 year amortization mortgages.
Who should consider a NonQM Mortgage
- Real estate investor
- Business owner
- Foreign national
- ITIN Borrowers
- Buyer who lives off investments, or has high assets and low income
- Buyer with a high debt-to-income ratio
- Buyer with less-than-perfect credit
- Buyer looking to purchase a Non Warrantable Condo
- Someone looking to hold the subject property in the name of an LLC and not an individual
Bank Statement Mortgage – Mortgage Solution for Self Employed Borrowers
1099 Income Loan – Mortgage Solution for Self Employed Borrowers
Investor Cash Flow – Mortgage Solution for Real Estate Investors (Cash Flow Loan)
High LTV Jumbo – Loans with a little as 5% down for borrowers seeking loan sizes over conventional limits
Asset Qualifier – Ideal for borrowers with high net worth and significant assets
ITIN Mortgage – A full documentation product that allows borrowers without a SSN to obtain a mortgage
Foreign National – Product designed for Foreign National clients to purchase investment properties in the US.
Call us today for a free consultation or click here to begin the pre-approval process.