A Wealth of Information and Service | (800) 718-8906
All across the United States, borrowers are not receiving the quality mortgage service. Our lenders specialize in sensible underwriter guidelines, sensible loan approvals and reasonable approval conditions. We do this by understanding borrower needs and requirements.
We can help simplify documentation surrounding complicated tax return business or Personal (W2’s, 1099’s, investor income) or income documentation from numerous sources of business income, K1’s, Schedule “C”, and/or streams of income such as interest income, distribution income (unseasoned OK!)), dividend income, rental income, capital gains, royalties, and licensing. We can help streamline the most complicated scenarios for lending purposes.
Non-QM features include Interest-Only options, 40-year amortization periods, alternative income documentation, reduced employment seasoning requirements, and flexible Verification of Employment (VOE) guidelines, allowing for a 55% debt-to-income ratio (DTI). QM loans cap DTI at 43%. Moreover, Non-QM Automated Underwriter System (AUS) approvals are now accessible.
The Non-Qualified Mortgage (Non-QM) industry continuously updates its loan program guidelines in the Non-QM mortgage market. It offers competitive interest rates alongside reasonable approval conditions tailored to borrowers’ needs.