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 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 mortage brokers in San Luis Obispo, we can help you save money throughout the entire state of California.
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.
Various income documentation types are available from an average of 12 or 24 months of bank deposits to full stated income (no tax return and no reserve)
Our Non-QM owner occupied loan products allow for reduced doc and stated income. For stated income, typically must be self-employed for a minimum of 2 years.
If you are looking to purchase or refinance an investment property, many options are available. From from alt-doc to stated income.
1 to 4 units for both non-owner occupied and owner occupied properties.
Loan amounts from $250,000 to $3,500,000. Cash out amounts on owner occupied properties to $3M.
Loan to values up to 90% with alternate income documentation and 75% with stated income.