Non-QM
What is a Non-QM Loan?
A non-conventional loan is a mortgage that doesn’t meet the guidelines for a conventional loan set by Fannie Mae and Freddie Mac. Getting outside the box of traditional guidelines allows for much more flexibility in underwriting approval
Non-Conventional Loan Benefits
- Down payments as low as 3.5%
- Lower credit scores are accepted
- Flexible qualification guidelines
- No DTI (Debt-to-Income) options
- No Income requirement options
- Options to qualify based solely on rental income
- Fixed-rate and adjustable-rate loan options
- Refinance up to 96.5% of current home value
- Cash out and debt consolidation financing available
- Bank Statement only options
- Interest Only repayment options
- Bridge, fix-and-flip, and investor options