A Wealth of Non-QM Mortgage Guideline Information and Service
We offer alternative real estate financing, conventional to unconventional mortgage loan options and most everything in between. We are about home loan options and lender resources, exceptional service, diligence, and results.
We are a progressive network of mortgage lending professionals. We work with all kinds of unique borrowers from across the spectrum. First-Time Homebuyers, seasoned homeowners, investors, Foreign Nationals, etc.
We are Loan Officers that have more to offer than conventional mortgage service, working above and beyond conventional Fannie Mae, Freddie Mac, Ginnie Mae, FHA, and VA loan programs.
Unconventional Mortgages
Qualified Mortgages "QM" and Non-Qualified Mortgages "Non-QM", Prime Mortgages, Non-Prime Mortgages, Alt Doc Mortgages, Non-QM Mortgages, Non-Conforming. Near Prime, Non-Agency, High Balance Alt Doc, Alt-QM loans, Alt-A, alternative equity financing, investor loans, private equity loans, real estate equity-based lending, Security-Based lending, Home Equity HELOC loans, Foreclosure Bail Out loans, Hard Money mortgages, Cross-Collateral Mortgages, Bridge Loans, Investment Property Loans, Jumbo Mortgages, Super Jumbo Mortgages, and various income documentation options that do not require tax returns. Current loan programs such as No Doc Mortgages, Bank Statement Mortgages, Lite Doc, Reduced Doc, and Business Purpose mortgages.
Unconventional Mortgage Lenders
Unconventional Mortgage Lenders are ongoing investor relationships comprised of hundreds of Non-QM Lenders, Non-Prime Lenders, and Portfolio Lenders that offer niche loan products and in-house underwriting guideline exceptions. These are cutting-edge, industry-leading lenders and loan programs.
Business Purpose Loans - can be a type of owner-occupied/primary residence stated income loan most commonly used for Cash-Out refinance for the purpose of business expansion, of any kind. Tell us about your business and we will tell you more about our business purpose loans.
Alternative Home Loans
Alternative real estate financing in large part is about Non-QM mortgage lending which means more loan program availability and fewer approval conditions.
Non-Qualified Home Loans
Non-Qualified Mortgage Lenders provide specific home loan options including Interest-Only loans, 40 Year Amortization loans, Lite Doc (flexible income), and Reduced Doc (length of employment and employment verification) loan programs. The Non-QM mortgage lending space derives from the private sector, privately held investment companies "Investors" and hedge fund companies all of which are not subject to conforming lender underwriting guidelines or Mortgage-Backed Securities qualifications.
Self-Employed Borrowers and Non-QM Mortgages
Creditworthy borrowers should be able to purchase or refinance their home. Worthy borrowers deserve to purchase real estate or refinance a property. Self-employed borrowers should be given the same opportunity to obtain a good mortgage loan without being required to produce tax returns, Profit and Loss Statements, etc.
If you are a Self-Employed borrower and you're being told you must provide your tax returns or sign a 4506-T Form, think twice because being self-employed, more times than not, your Adjusted Gross Income does not show enough income to support an acceptable Full Income Documentation (Full Doc) debt-to-income ratio for reasons you already know.
Solutions-Based Mortgage Lending
Mortgage solutions come in all sorts and sizes of "Non-Agency", "Just Missed", "Expanded", "Elite", Qualified Mortgages (QM). We have access to additional "a-paper lending resources, unconventional loan programs as well as niche loan programs. We offer Non-Agency real estate loans, Non-Prime loans, Non-QM loans, non-conventional home loans, Alt-A loans, private equity loans, hard money mortgage loans, Pledged Asset Lending, private money loans, and Small Business Loans.
Since 2001, we have provided a noteworthy insight into the mortgage broker industry. We feel that our innovative and noteworthy product knowledge and superior lender resource speaks to the quality of service we provide to our borrowers as well as the relationships we have cultivated. We understand that every consumer can be different and make it our goal to match you with the lender that meets your specific requirements at the best possible rate, terms, and conditions. We understand that it can sometimes be difficult for a consumer to find the right lending options to fit their individual needs. Not everyone is going to fit in the same box
When needed, we look for compensating factors in every area within a borrower's credit profile including credit, income, employment, assets, seasoning, etc. Such as seasoned cash reserves; a low loan-to-value (LTV) ratio; credit depth; payment history; smart utilization of credit card and revolving accounts; employment history (same line of work/profession); disposable income; seasoned homeowner; low debt-to-income (DTI) ratio; residual income; down payment; long-term employment (same profession) seasoned business owner with a history of consistent income/cash-flow to achieve favorable results in the areas of not just getting approved for a mortgage but approved for the right mortgage.
Potential Compensating Factors for more favorable approvals, pricing, terms, and conditions:
- Credit History: Depth, Tradeline Seasoning, Credit Utilization, Re-Established Credit, Credit Scores
- Income: Consistent Cash-Flow, Residual, Pension, Dividends, Trust Fund, Disposable Income, Debt-to-Income Ratio (DTI)
- Employment: History, Seasoning, Advanced College Degree, Business Certifications
- Seasoned Liquid Assets: Cash Reserves
- Credit Profile: Over-all Seasoning: Credit, Employment, Retirement Account(s) Assets Accounts; Liquid and Real Estate Equity Positions (portfolio), Homeownership, Business Ownership/Industry Experience
- Credit Score > 20 Points Above Required Credit Score
- DTI Below Guideline Maximum by 5% or greater
- Reduction in Principal and Interest Housing Payment by 5% or greater
- Housing Payment (PITIA) Reserves > 12, 24 or 36 Months
- 10% or Greater Increase in Disposable Income
- Etc.
Non-Qualified Mortgages and Alternative Income Documentation
Guidelines; matrices; credit score requirements, the maximum percentage of financing, maximum loan amounts, property types, occupancies, seasoning requirements, liquid reserve requirements, underwriting notes and so forth. After we acquire a new loan program, we post it to this website, select directories and social media websites to inform the consumer market as well as individuals like yourself to know what is currently available in the marketplace in an ever-evolving industry. We do update our information as loan programs come and go and guidelines are always being updated.
We are an information resource like no other. Our unprecedented and unique business model provides an uncommon approach to the mortgage lending industry with our remarkable style of transparency to the uncommon information we provide into the niche broker world of mortgages. We share unique individual loan program guidelines and highlights for some of the most progressive and leading-edge lenders.
It is our priority to make the process of a mortgage loan as simple and quick as possible. We understand that it can sometimes be frustrating for a worthy borrower to find the right mortgage loan to fit their needs. We understand that each consumer can be different and far more than just a credit score; whether it is very high, which is often the case or very low, there are many factors when it comes to qualifying for a mortgage. We feel that the amount of product and resource we have and have worked very hard for is synonymous with the level of service that we provide, day in, day out, file in, file closed. We can take pride in being an authority in this space within the financial community. In the spirit of competition, our overall objective is to inform the consumer and create transparency. BrokerMortgages Blog.