Non-Prime Mortgage Lenders

A significant number of our Non-Prime lenders are also the end investor. Advantage: The investor author the underwriting guidelines and retain final authority on all credit decisions. Exceptions may be considered with acceptable compensating factors.

Non-Prime Lending

Non-prime lending offers opportunities for those with less-than-perfect credit histories, borrowers should still strive to improve their credit scores and financial profiles whenever possible. Doing so not only enhances their eligibility for favorable loan terms but also strengthens their overall financial health and stability in the long run.

Platforms

Non-prime lending serves as a vital resource for individuals seeking mortgage financing amidst credit challenges or unconventional financial situations. With flexible guidelines and a focus on alternative documentation, non-prime lenders empower borrowers to pursue homeownership and financial security, regardless of past credit setbacks or non-traditional income sources.

Lenient Credit Score Requirements

We offer loan solutions for borrowers with FICO scores starting at 550, with bank statement programs available from a 600 FICO. Bankruptcy seasoning is not required, and flexible income documentation options are available to meet varied borrower scenarios. Our Non-QM platform is supported by dedicated credit, operations, support, and setup teams focused exclusively on Non-QM transactions to ensure speed and accuracy. We offer a 40-year loan term and accommodate ITIN borrowers—non-U.S. citizens who reside in the U.S. and file U.S. tax returns.

Non-Prime Lenders and Flexible Guidelines

Non-prime lender guidelines often offer flexibility regarding derogatory credit events, such as bankruptcy, foreclosure, short sale, deed-in-lieu, or mortgage late payments (up to 60 days late) within the previous 12 months. These guidelines extend to both conventional and unconventional Non-Qualified mortgage loans. Borrowers with credit scores as low as 520 can still find opportunities within the non-prime lending market.

Credit Events

For borrowers navigating financial challenges or recovering from past credit issues, non-prime lending offers a pathway to homeownership and financial stability. By considering a broader spectrum of borrower profiles, non-prime lenders contribute to expanding access to mortgage financing for a diverse range of individuals and families.

Non-Prime and Dodd- Frank Wall Street Act

Non-Prime mortgages are like the Sub-Prime mortgages from back in the 2000’s. The difference is responsible guidelines of which are congruent with the purpose of the Ability-to-Repay Rule as well as the investor base behind the loan programs, guidelines, rates, features, etc.