If traditional lending standards don’t quite fit your financial profile, Non-QM Loans provide an excellent alternative for borrowers with non-traditional income sources or unique credit needs. These loans offer the flexibility needed for clients who may not meet the strict requirements of conventional loans, allowing for alternative methods of income verification and customized loan terms.
Who Can Benefit from Non-QM Loans?
Non-QM Loans are particularly beneficial for self-employed individuals or for real estate investors that cannot qualify for conventional financing by using traditional income documentation guidelines. Non-QM Loans may consider alternative forms of income verification, such as bank statements, assets, or the rental income of the property a borrower is looking to purchase or refinance.
Flexible Loan Features
With Non-QM Loans, borrowers have access to flexible loan structures and competitive terms that align with their unique financial situations. These loans can offer options such as interest-only payments, expanded debt-to-income ratios, and the opportunity to secure financing even if your credit history includes recent credit events.
Why Choose a Non-QM Loan?
Non-QM Loans expand the possibilities of financing for borrowers with complex financial scenarios, offering more adaptability and personalization than traditional mortgage products. We are well-versed in these loan options and will work with you to find the best fit for your needs, ensuring a smooth and transparent process from start to finish. Call 575-425-1010 today!