Insights

Adding this multi-family property to our range of Non-QM products expands our offerings to better meet the needs of all our borrowers. Through our DSCR program, this loan is eligible based on the cash flow of the property in question, with a minimum DSCR of 1.25. It provides the flexibility that business purpose borrowers require for a fast and smooth closing process. Loan amounts range from $350,000...

We’d like to share a scenario in which we just recently funded a DSCR loan that no other lender was able to accomplish, we got it done. The loan involved a DSCR cash-out scenario with specific details such as the borrower's FICO score of 695, a 60% LTV, and a purchase price of $450k for a California property. Despite facing a setback with the DSCR ratio falling below expectations, our team quickly...

Have you ever heard of a condotel? If not, you're in for a treat! A condotel is a fascinating hybrid between a condominium and a hotel that offers owners the best of both worlds. Not only can owners enjoy the unit themselves, but they can also generate income by offering it as a short-term rental property. Here are some key details to keep in mind when considering investing in a condotel:...

NonQmFunding.com considers the bigger picture when it comes to lending. Unlike other lenders who may only require one source of income, our Non-QM programs allow for multiple sources of income to be used, ensuring that your borrowers' entire income stream is taken into account. Highlights of our Non-QM Loans Income can be documented using a mix of bank statements, P&L, W2, and asset conversion...

We believe in helping our communities, individuals, and businesses reach their financial goals and are a mission-based bank focused on customers who have non-traditional credit needs and cannot get approved with standard financing. Our Approach to Non-QM We are committed to serving our underserved borrowers who are credit-worthy and need a company they can depend on. This is our specialty. Don't...

At NonQmFunding.com, we take pride in our ability to lend to a variety of unique properties. Whether you're looking to finance a manufactured home, condotel, short-term rental, rural property, or apartment building with 5-24 units, we have the mortgage programs. Our flexible lending options make it possible for borrowers to secure financing for properties that may not meet traditional lending...