Non-QM (Non-Qualified Mortgage) Loans

• Designed for borrowers who don’t meet traditional loan requirements set by Fannie Mae or Freddie Mac.

• Ideal for self-employed individuals, business owners, real estate investors, and those with unique income situations.

• Offers flexible underwriting guidelines, allowing alternative income verification methods.

• Examples of Non-QM loans include:

• Stated Income Loans (No Income Verification Loans)

• Bank Statement Loans

• Profit & Loss (P&L) Statement Only Loans

• DSCR (Debt Service Coverage Ratio) Loans

Stated Income Loans (No Income Verification Loans)

• Designed for self-employed borrowers or those with non-traditional income.

• No tax returns or W-2s required—income is stated by the borrower but must be reasonable for their profession.

• Typically requires a larger down payment and higher credit score.

Bank Statement Loans

• Alternative documentation loan where personal or business bank statements (typically 12–24 months) are used to verify income.

• Ideal for self-employed individuals, freelancers, or gig workers who don’t have traditional pay stubs or W-2s.

Profit & Loss (P&L) Statement Only Loans

• Allows self-employed borrowers to qualify using a CPA-prepared Profit & Loss statement instead of tax returns or bank statements.

• Great for business owners who may have high deductions on tax returns but strong actual income.

DSCR (Debt Service Coverage Ratio) Loans

• Designed for real estate investors—qualifies borrowers based on the property’s rental income rather than personal income.

• No personal income verification required, making it ideal for investors looking to expand their portfolios.

Interest-Only Loans

• Borrowers only pay interest for a set period (typically 5–10 years), followed by principal + interest payments.

• Can help reduce initial payments, making it attractive for investors or borrowers expecting future income growth.

Bridge Loans

• Short-term loan that helps homeowners or investors “bridge” the gap between buying a new property and selling an existing one.

• Often used when immediate cash flow is needed for a new purchase before a current property sells.

Our dedicated team offers personalized consultations aimed at understanding your goals and financial aspirations, making budgeting easy.

Reverse Mortgages

• Available for homeowners aged 55 or 62+, allowing them to convert home equity into cash without monthly mortgage payments.

• Two main types:

• FHA HECM (Home Equity Conversion Mortgage) – Government-backed, available to homeowners 62+, requires HUD-approved counseling.

• Proprietary Reverse Mortgages – Offered by private lenders, available to homeowners 55+, may allow higher loan amounts.

HELOC (Home Equity Line of Credit)

• A revolving credit line secured by home equity, allowing borrowers to borrow as needed.

• Works like a credit card but with lower interest rates and the home as collateral.

HEA (Home Equity Agreement)

• A shared equity financing option where a company provides cash in exchange for a share of the home’s future appreciation.

• No monthly payments—borrowers repay when selling or refinancing.

Second Mortgages

• A loan taken out against a home’s equity, separate from the primary mortgage.

• Can be structured as a lump sum (Home Equity Loan) or HELOC.

Investment Property Loans

• Loans specifically for purchasing rental or investment properties.

• Often have higher interest rates and down payment requirements compared to primary home mortgages.

Doctor Loans

• Special mortgage programs for physicians, dentists, and other medical professionals.

• Often allow low or no down payment, no PMI, and higher loan limits due to future earning potential.

Lawyer Loans

• Similar to Doctor Loans, but tailored for attorneys and legal professionals.

• May offer flexible underwriting, higher loan amounts, and reduced down payments.

Shared Equity Loans

• Allows homeowners to sell a percentage of their home equity to an investor in exchange for upfront cash.

• No monthly payments—repayment is made when the home is sold or refinanced.