Non-Qualifying Mortgages

WHAT IS A NON-QUALIFYING MORTGAGE? Simply stated. a Non-qualifying loan is a funding solution for borrowers with unique financial circumstances. Listed below are a few examples SELF-EMPLOYED BANK STATEMENT PROGRAM LOANS Personal or business statements 100% of eligible deposits from personal and business accounts Borrower’s qualifying income is calculated by 12 months most recent bank statements in place of tax returns. Click to Learn more ASSET DEPLETION LOANS The borrower is qualified based on verified liquid assets; Assets must be documented sufficiently to cover the loan amount requested with an additional reserve to cover all revolving, installment and miscellaneous debts (e.g. child support, alimony, etc.); Assets can be cash in the bank, stocks, bonds, IRA’s, 401k’s, mutual funds or any retirement accounts; 12 months of consecutive statements are required for asset verification; Tax returns are not needed in Underwriting. 100% of vested retirement for borrowers over 59 ½ years old and 50% of vested retirement assets if borrowers are under 59 ½ years old Click to Learn more COMMERCIAL PROPERTY AND REAL ESTATE INVESTOR LOANS Designed for experienced Real Estate Investor who is purchasing or refinancing investment properties to be held for business purposes; Borrower is qualified based upon the cash flow of the subject property, specifically the debt coverage ratio Income verification not required; or verified, tax returns not required. Click to Learn more JUMBO AND SUPER JUMBO LOANS Loan amounts up to 7 Million Maximum DTI of 50% Click to Learn more FOREIGN NATIONAL LOANS Minimum Documentation for second, vacation or investment property Click to Learn more Non-QM Loan Benefits Ideal for self-employed and or people with non-traditional financial circumstances Alternative income verification methods accepted Foreign Nationals Multiple fixed and adjustable loan options are available Loan maximum is as high as $7 million Primary, Second, Vacation and investment properties are eligible
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