How Process Works
About Non-QM Loans
The non-QM loan is an excellent financing option for those who do not comply with the rules of the Consumer Financial Protection Bureau.
It offers a variety of options to borrowers that have gone through credit issues such as bankruptcy or foreclosures in the past. It’s a perfect loan for investors with no bank statement, a tax ID (ITIN), or income documentation.
More about Non-QM Loans
Non-QM Loan Programs
DCR
Loan amounts up to $2 million. No income or job verification. 5yr/ 7yr ARM & 30-year Fixed. Only non-owner occupied.
ITIN Loan
Loan amounts up to $1 million. 80% maximum LTV Purchase. 80% maximum LTV Refinance. 2-year income history.
Jumbo Non-QM
Loan Amounts up to $4M. Available with a 650+ FICO. Transferred appraisals & Foreign National.
Foreign National
Loan amounts up to $2 million. No income or credit required. Only Non-Owner Occupied & 1 to 4-unit properties.
Jumbo Prime
Transferred Appraisals OK. No MI, Impounds can be waived. C/O up to $500K.
12-Months Bank Statements
Up to $4 million Loan Amounts. 600 or greater credit scores. Self-Employed and 1099 Borrowers.
FAQ's
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Can anyone qualify for non-QM loans?
No, to qualify for non-QM loans, you must meet certain property and income requirements.
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Is only a first-time home buyer eligible for a non-QM loan?
No, a non-QM loan is available to both recurrent and first-time homebuyers.
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