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