With more than 25 years of experience in mortgage banking, the firm provides alternative mortgage programs for residential and commercial sectors, including Non-QM loans. Non-QM loans are designed for individuals who do not meet the requirements of traditional government or conventional loans. These portfolio loans operate outside standard mortgage criteria and typically have higher interest rates than traditional loans. They usually require a down payment of 10% to 20%, and there is no specified upper limit for loan amounts on Non-QM loans.
Here are some advantages of Non-QM loans:
- No requirement for income verification
- No need for employment verification
- No mandatory waiting period post-bankruptcy
- Eligibility persists after a deed in lieu of foreclosure, foreclosure, or short sale
- Asset Completion Loan Program availability
- Bank statement loans tailored for self-employed individuals
- Acceptance of late payments within the last 12 months
- Up to 95% LTV for Jumbo Loans
- Up to 95% LTV for Debt Consolidation Loans
