Non-Qualified Mortgage Loan
Non-Qualified Mortgages are there to bridge the gap for certain borrowers. If you are a self-employed person or a real estate investor who is struggling to qualify for a more traditional mortgage, this could be the ideal option for you.
Non-Qualified Mortgage Loan
FEATURES
● Not mandatory for borrower to meet the minimum waiting period after bankruptcy
● Non-QM loans do not have a waiting period
● Buyers are still eligible for loans even while facing bankruptcy or foreclosure
● Bank Statement Mortgage- for self-employed borrowers
● 1099 Income Loan- for self-employed borrowers
● Investor Cash Flow- for property investors who want to build their portfolios faster
● Platinum Jumbo- for the “just missed” borrower
● Asset Qualifier- for borrowers with high net worth and significant assets
● ITIN- full-doc product with flexibility and benefits of non-QM programs
● Foreign National- allows foreign nationals to purchase an investment property in US
WHAT IS A NON-QUALIFIED MORTGAGE LOAN?
Non-Qualified Mortgages (or Non-QM) are loans aimed at people living a life that doesn’t include a stable salary. Non-traditional earners like self-employed individuals, small business owners, contractors, artists, etc. may be able to qualify for this type of loan to help realize their homeownership dreams.
