Non-QM Loans

Non QM Loans

The Qualified Mortgage or QM Rule brought about the concept of Non-QM lending. 

Loans that do not meet the complex rules that are associated with Fannie Mae/Freddie Mac are considered Non-QM loans or portfolio loans.

Non-QM loans take a common sense approach to underwriting and a borrower’s creditworthiness to determine the willingness and ability to repay the loan.  Each situation is unique and each loan is weighed on its own merits.

Agency Fall out Non-QM

For Home Buyers, or Refinance where Credit is not where it should be on conventional agency loans. Also borrowers who have suffered a recent isolated derogatory event.

Self-Employed Borrowers

Home Buyers or Refinance where the borrower is Self-Employed, there are Non-QM products based on Bank Statements instead of Tax Returns.

Great Program for True Investors

Real Estate Investors, you will love this excellent financing solution, which can be a great asset as you work to build wealth and expand your portfolios. Investment properties only – must be for business purposes

Unlimited Cash-Out to 3M, NO Tax Returns Required

  • LTVs to 75% (80% with DSCR)
  • Cash-Out with no seasoning required
  • Gift funds allowed
  • No Tax Returns Required
  • No Reserve requirement up to $1.5m
  • Major credit event 36 mo
  • Credit Scores starting at 620
  • Interest Only Option (30 & 40 yr)
  • ARM’s and FIX rates Available
  • No cap on number of financed properties
  • SFR, 2-4 Unit and Warrantable Condo
  • Up to 5% total origination fees

This program is designed for experienced real estate investors who are purchasing or refinancing Investment Properties.

  • Borrower is qualified based upon the cash flows of the subject property only, regardless of the number of properties owned.
  • No Income or employment is stated or verified – Debt to income (DTI) is not used.
  • For qualifying purposes debt coverage ratio is used.
  • 20% minimum down on property for purchase and refinance. Cash out up to 75% loan to value (LTV).

How Can We Help?

With Barbara Kenton at Allianz Mortgage Service, we know all about Non-QM Loans and how to qualify you for either a Home Purchase or Refinance.   If you are located in the Los Angeles, Orange County, San Bernardino, Riverside County area,  or anywhere in California, contact us today to get started.

Click Here

Advertisements