N-QM Funding Offers the Following Loan Programs
Check back often as we are always updating our lender and loan program information.
Prime/ Portfolio Jumbo Program:
As a leading prime jumbo mortgage lender, our Flex Supreme loan program offers competitive rates for highly qualified borrowers with strong credit, stable employment, and a solid financial history. Whether you’re looking to purchase, refinance, or cash out (up to $1M), this program provides flexible documentation options, including 12 or 24-month bank statements, 1099 income, or asset utilization, ensuring you meet the “Ability-to-Repay” Rule requirements commonsense, not underwriter guidelines. under the Dodd-Frank Act.
Non-Prime/ Non-QM Jumbo Program
N-QM is a fairly new Non-QM lender. However, they’re well on their way to the top of the Non-Qualified lending space as they are eager to fund loans as they aim to please their brokers as they increase their market ownership. Moreover, also, N-QM is “price matching” any other lender on a comparable loan program. N-QM Funding programs waterfall offering the best pricing for the most qualified borrowers who do not have any credit challenges and possess very stable employment, income and assets history.
*Income Documentation
1 or 2 Years 12 month history Lite Doc and 24 months Alt Doc: 12 or 24 Months Bank Statements, 1 or 2 Years 1099, Asset Utilization also eligible to help DTI qualify or to show an “Ability-to-Repay” (Dodd-Frank Act).
*Purpose: Purchase, Rate/Term and Cash Out. Maximum Cash Out (cash-in-hand) – $1,500,000
Prime jumbo purchase, refinance with or without cash out mortgage loan programs are designed for high-value property purchases and refinancing, including rate/term and cash-out options. Borrowers can access up to $1,000,000 in cash-out refinance options, providing significant liquidity for qualified individuals.
These loans offer flexible income documentation, including 12 or 24 months of bank statements, 1099 forms, or asset utilization, helping to meet the Ability-to-Repay requirements under the Dodd-Frank Act. This Non-QM mortgage option is ideal for those who need alternative methods to prove income and qualify for large loan amounts.
Investor DSCR 5-10 Units or 2-8 Mixed Use