NON-QM
What is Non-QM?
Non-QM or Non-Qualified mortgage loans can simply be summarized as home mortgage loans that do not fit into the standard conventional and government type loan programs. These are loan programs that offer more flexibility to the self employed and to those situations that are more complex than the standard loan offerings can handle.
Many of our Non-QM loans offer alternative documentation types. Many are reduced documentation loans that range from bank statement deposit programs to stated income/no ratio loans. These product offerings are available for both owner occupied and non-owner occupied (investment) property types.
Our Non-QM loans also offer a wide range of loan amounts from $250,000 to $3.5M and allow for cash out in many situations. As a mortage broker based in San Luis Obispo, we can help you save money throughout the entire state of California.
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Each Non-QM type loan is handled on a case by case basis due to the many variables that exist on this type of loan. Because everyone's situation is unique, we would like to discuss your particular scenario and your goals to find the perfect solution to your loan needs. Please contact us today to explore your options.
Non-QM Product Highlights
Income Documentation types
Owner Occupied purchase and refinance
Owner Occupied purchase and refinance
Various income documentation types are available from P&L Only loans to bank statement loans (averaging 12 or 24 months of bank deposits) to full stated income (no tax returns)
Owner Occupied purchase and refinance
Owner Occupied purchase and refinance
Owner Occupied purchase and refinance
Our Non-QM owner occupied loan products allow for reduced doc and stated income. For our no-ratio product, employment and income is not considered and based upon credit scores and reserves.
Investment Properties
Owner Occupied purchase and refinance
Residential properties
If you are looking to purchase or refinance an investment property, many options are available. From from alt-doc to stated income to DSCR loans.
Residential properties
Residential properties
Residential properties
1 to 4 units for both non-owner occupied and owner occupied properties.
Big loan amounts
Residential properties
High loan to values
Loan amounts from $250,000 to $3,500,000. Cash out amounts on owner occupied properties to $3M.
High loan to values
Residential properties
High loan to values
Loan to values up to 97% on conventional finanancing, up to 90% with alternate income documentation and 80% with stated/no-ratio income.