Who are Non-Qualifying loans for?
Investors, foreign nationals and those who are self-employed, as well as borrowers with credit blemishes, such as foreclosures, low credit scores or prior bankruptcies, that may find it difficult to qualify for a conventional loan.
Self-employed borrowers often face more complexity than traditional wage-earning borrowers. A Non-QM loan can help qualify these borrowers with alternative documentation, such as bank statements. Recent (2019) research finds nearly 30% of Americans are self-employed. Two years later, these same Americans will need to provide documentation to qualify for a home loan. We understand, and we’re here for you. For example, a successful business owner lacking pay stubs may benefit from the more flexible credit requirements
Why an ARM?
Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.
- Adjustable Rate Mortgage (ARM)
- Conforming Loans
- Jumbo & Super Jumbo Loans
- FHA, VA, & USDA Loans
- Terms from 5 to 30 Years