Non-QM Loans

Non-QM loans, or non-Qualified Mortgage loans, are a category of financing designed to serve borrowers whose financial profiles do not meet the stringent criteria set forth by the Consumer Financial Protection Bureau (CFPB) for Qualified Mortgages (QMs). Unlike QM loans, which adhere to strict guidelines to ensure the borrower's ability to repay, non-QM loans offer greater flexibility in terms of income verification, credit history, and debt-to-income ratios. This flexibility makes non-QM loans an attractive option for self-employed individuals, real estate investors, and others with unique financial situations who might otherwise face challenges securing traditional mortgage financing. By providing tailored solutions, non-QM loans play a crucial role in expanding homeownership opportunities and catering to diverse borrower needs in the evolving mortgage market.

True "Stated/No Income" Mortgage

Loan for self employed, w-2 and retired borrowers. Income and Employment are not listed or verified. Available for purchase and refinance of Primary, Vacation and Investment property for SFR, Condo, Condo Tel, Commercial & Multi Family Units. Loan amounts $150,000 to $5 million with FICO Scores as low as 640. Income and Employment not shown on application and not verified.

Features
  • No Income or Employment listed on application or required for approval
  • No W-2's, Paystubs, Tax Returns or 1099'x required
  • No Income Docs or Employment Docs Required
  • Available for Self Employed, W-2, Retired, No Employment, Investor type borrowers
  • Minimum 640 MID FICO score
  • Required minimum 15% Down Payment for purchase or 20% equity for refinance
  • Purchase - Refinance - Cash Out Refinance
  • SFR, Condo and 2-4 Unit Multi Family Allowed
  • Loan Amounts $150,000 to $5,000,000+ Only
  • 30 Year Fixed Rate and Fixed Period ARM's
  • Interest Only options available
  • Available in most states

Self Employed Bank Statement

Gross Revenue Qualifier for the self employed and 1099 borrower using business revenue deposits. No Tax returns! Available for purchase and refinance of Primary, Vacation and Investment property for SFR, Condo, Condo Tel and Multi Family. Loan amounts $150,000 to $5 million

Features
  • Self Employed borrowers qualify with gross bank statement deposits. 12 or 24 months.
  • Lowest Rate Option for Self Employed Borrower.
  • No Tax Returns, W-2's or 1099's required.
  • Available for Self Employed & 1099, and independent contractors.
  • Available for Primary, Vacation and Investment property.
  • 10% Down options for Primary Home
  • 20% Down options for 2nd Home or Investment
  • Available for SFR, Condo and Multi Family 2-4 Units
  • Loan Amounts $150,000 to $5,000,000 Only
  • 640 Minimum FICO for 10% down Primary
  • 640 Minimum FICO Required 20% Down
  • 30 Year Fixed and Fixed Period ARMs
  • Interest Only options available
  • Available in all states

Asset Only Qualifier

Asset Only and Asset Depletion loans only require asset documents. No Income, No Employment, No tax returns. Available for purchase and refinance of Primary, Vacation and Investment property. Loan amounts $150,000 to $2 million.

Features
  • Asset Only Qualifier - No Income & No Employment. Use Assets Only To Qualify
  • 1 Year Tax Return Qualifier for Full Doc & Self Employed
  • 1 Year P & L Qualifier For Self Employed Borrowers
  • 1099 Only Qualifier For 1099 Borrowers
  • Hard Money Available For Residential, Multifamily and Light Commercial
  • Available For Purchase, Refinance & Cash Out
  • Available For Primary & Vacation Homes Only
  • 10% Down Payment Options Available
  • 640 Minimum FICO Score Required
  • SFR, Condo & 2-4 Unit Multi Family Allowed
  • 30 Year Fixed Rate and Fixed Period ARMs
  • 40 Year Term With 10 Year Interest Only Period
  • Loan Amounts $300,000 to $3,000,000 Only
  • Cannabis Industry Allowed
  • Available in most states