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Non-QM loans offer flexible solutions when conventional and government programs say no. These loans are the go-to option if you’re self-employed, investing in unique properties, or have a complex income documentation or verification scenario.
Eligibility:
Credit score requirements typically start at 620 with some programs available for lower scores
Higher interest rates compared to conventional loans reflecting the increased flexibility
Larger down payments usually required starting at 10-20% depending on program
Significant cash reserves often needed to demonstrate financial stability
Ability to repay must be demonstrated through alternative documentation
Compensating factors required to offset qualification challenges
Benefits:
Alternative income verification using bank statements instead of tax returns
Higher debt-to-income ratios accepted beyond conventional loan limits
Recent credit events accommodated with shorter waiting periods after foreclosure or bankruptcy
Interest-only payment options available to optimize monthly cash flow
Foreign national programs for non-US citizens looking to purchase property
Asset depletion qualification using retirement accounts and investment portfolios
Get a free instant rate quote
Take a first step towards your dream home
Free & non binding
No documents required
No impact on credit score
No hidden costs
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