Why Choose NON-QM Mortgage Lenders
Many borrowers and real estate agent partners who have never heard of us at Non-QM Mortgage Lenders often question, Why Choose Non-QM Mortgage Lenders The answer is very simple. We have more government-backed and conforming loan programs with no lender overlays than any other mortgage broker in the country. We have more non-QM and alternative mortgage programs on owner-occupant primary homes, second homes, and investment properties than any other mortgage lender in the country.
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Why Choose Non-QM Mortgage Lenders? Partnership With 190 Wholesale Traditional and Non-QM Morgage Lenders
The team at Non-QM Mortgage Lenders are experts in helping borrowers with FHA and VA loans with credit scores down to 500 FICO, manual underwriting, and working government and conventional loans with no lender overlays. For any and all non-QM loan programs in the marketplace, we have it at Non-QM Mortgage Lenders
Why Choose Non-QM Mortgage Lenders? Licensed In 48 States
Non-QM Mortgage Lenders, empowered by NEXA Mortgage, LLC, is the largest and fastest growing mortgage broker in the nation. Licensed in 48 states, including Washington DC, Puerto Rico, and the U.S. Virgin Islands, NEXA Mortgage, LLC has over 190 wholesale lending partners. There is no other mortgage lender in the country with more non-QM mortgage loan programs than Non-QM Mortgage Lenders
Hundreds of Traditional and Non-QM Mortgage Loan Options
Over several hundred non-QM and alternative mortgage loan programs on owner-occupant homes, second homes, investment homes, and commercial properties. Any non-QM loan program in the marketplace, you can rest assured you will find it being offered at Non-QM Mortgage Lenders
One-Stop Mortgage Brokers Licensed In 48 States
Non-QM Mortgage Lenders is licensed in 48 states, including Washington DC, Puerto Rico, and the U.S. Virgin Islands (Not yet licensed in New York, and Massachusetts). Non-QM Mortgage Lenders is a dba of NEXA Mortgage, LLC, the nation’s largest and fastest growing mortgage broker. NEXA Mortgage, LLC has over 190 wholesale mortgage lending partners, with dozens of highly reputable lending partners of bank statement loans.
Over 80% of Our Clients at Non-QM Mortgage Lenders Could Not Qualify at Other Lenders
The team at Non-QM Mortgage Lenders has a national reputation for being able to do what other lenders cannot do. Over 80% of our clients are borrowers who could not qualify at other mortgage lenders. Our borrowers could not qualify at other lenders due to either a last-minute mortgage loan denial due to the lender having overlays. Or because the lender did not have the mortgage loan program suited for the borrower.
Non-QM Mortgage Lenders is known by many borrowers and realtor partners as the one-stop mortgage shop due to not just offering but being experts in hundreds of government, conforming, and non-QM and alternative mortgage loan programs.
What Non-QM Mortgage Lenders Offer
Non-QM Mortgage Lenders has a national reputation for being a one-stop mortgage shop. Over 80% of our clients could not qualify at other lenders either due to last-minute mortgage loan denials or because the lender did not offer the mortgage option best suitable to the borrowers. The team at Non-QM Mortgage Lenders are experts on the following loan programs:
- FHA Mortgages No Overlays
- FHA High-Balance Loans With No Lender Overlays
- VA High-Balance Jumbo Loans With No Overlays
- VA Mortgage Loans No Overlays
- USDA Loans No Overlays
- Conventional Loan No Overlays
- Reverse mortgage loans
- No Doc Fix and Flip Loans
- DSCR Mortgage Loans
- ITIN and DACA Loans
- Stated-Income Mortgages
- Asset-Depletion Loans
- All-In-One Mortgages
- No Doc Investment Property Loans
- Non-QM Loans
- Bank Statement Loans For Self-Employed Borrowers
- 90% LTV Jumbo Loans With No Mortgage Insurance
- Non-QM Jumbo Loans After Bankruptcy
Non-QM Loans For Bad Credit Borrowers
We are known nationally for our lender overlays and specialize in bad credit mortgage loans. For those who have credit scores under 600 FICO, Non-QM Mortgage Lenders is able to secure home loans at competitive mortgage rates. Borrowers with credit scores between 500 and 580 FICO, can qualify for FHA loans with a 10% down payment.
For borrowers with credit scores over 580 FICO, the minimum down payment required is 3.5% on FHA loans. VA does not have minimum credit score requirements or debt-to-income ratio caps. No waiting period after housing event and/or bankruptcy with non-QM loans. We offer bank statement loans with no income tax returns required and no mortgage insurance.
Portfolio Loan Programs And Guidelines
A good percentage of my mortgage business is portfolio loan programs. In the following paragraphs, we will cover the portfolio loan programs the team at Non-QM Mortgage Lenders can offer to portfolio loan borrowers. Non-QM Mortgage Lenders offers various types of Jumbo Portfolio Loan Programs. Adjustable-rate mortgages up to $ 3 Million with a credit score of 680 FICO score (over $ 3 Million Jumbo Loans are underwritten by exception) in all 50 states with no restricted markets. 90% LTV Jumbo Mortgages With No Mortgage Insurance.
Non-QM Bank Statement Loans With 500 Credit Scores
NON-QM Jumbo Loans with credit scores down to 500. 12 months Bank Statement Mortgage Loans for self-employed borrowers with a 20% down payment. With Bank Statement Loans, deposits are averaged and used as monthly income. Withdrawals do not count. NON-QM loans do not require any waiting periods after bankruptcy, foreclosure, deed in lieu of foreclosure, or short sale. Deferred Student Loans are exempt from NON-QM Loans. NON-QM Loans on Jumbo Mortgages down to 500 FICO.
NON-Warrantable And Condotel Financing
Non-Warrantable Condos to 80% LTV with virtually no restrictions. Non-QM Mortgage Lenders can lend on the 1st unit sold (leaseholds okay). Condo-Tels & Co-ops eligible (leaseholds okay). Cash-out refinances loans up to $ 1 Million Cash In Hand without seasoning requirements (owned less than 6 months okay). ITIN, DACA, Foreign Nationals, and ExPatriot Portfolio Loan Program offer to finance 80% LTV for Foreign Citizens working in the US on Employment visas w/ no SSN, TIN, or US Credit.
Primary and Second Homes
Primary Residences & 2nd Homes – Income Producing 2nd Homes Okay (investment properties considered case-by-case at max 50% LTV). Acreage Okay – over 10 acres permitted, even if income-producing. Unique properties are allowed with reasonable comps. Asset-based Underwriting for Borrowers age 59 ½ and older.
Arbitrary bonus income is often permitted for Borrowers starting a new job, in the same line of work, with a detailed compensation plan/letter. 90% CLTV for SFR, Primary Residence refinances when 2nd is subordinated, up to a combined loan amount of $ 1,500,000. The number of financed properties is not capped, but reserve requirements apply to each property owned.
Private Money Loans And Hard Money Loans
Non-QM Mortgage Lenders can help real estate investors with alternative financing and private money lending. Private Money Loans and Hard Money Loans are ideal loan programs for real estate investors, property flippers, and those needing short-term bridge loans. Please keep us in mind – We are available 7 days a week, on evenings, weekends, and holidays. Feel free to contact us at Non-QM Mortgage Lenders at 800-900-8569 or text us for a faster response. Or email us at gcho@gustancho.com.
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Get Qualified For Bank Statement Loans and Non-QM Mortgages With The Best Non-QM Mortgage Lenders
I think we showed our viewers and clients Why Choose Non-QM Mortgage Lenders versus our competition. Check our reviews and testimonials. Check the fact that over 80% of our clients are folks who could not qualify at other lenders. We live up to our reputation of being able to do loans other lenders can’t. We live to our reputation of being a one-stop mortgage shop with our lending partnership with over 190 wholesale mortgage lenders.
We are always available if you have any questions or would like to discuss a loan scenario. Non-QM Down Payment Requirements As with any loan, the lower your credit scores, the larger the down payment and interest rates will be. Because a Bank Statement loan is a non-QM loan, you do not need Private Mortgage Insurance. Bank Statment Loans can be used for owner-occupied homes, secondary homes, and investment properties—minimum credit score requirements of 620 FICO. An underwriter will look to ensure that you have made on-time payments.
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