Insights

Non-QM Mortgage Products

Non-QM Mortgage Products

In today's ever-changing mortgage market, non-traditional financing options are becoming increasingly popular. Our Non-QM Mortgage Options offer a variety of solutions for those who may not fit the mold of a conventional borrower. From our Non-QM product options to DSCR product options and Foreign National product options, we have a range of choices to suit your unique financing needs. Whether you're...

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How to Manage High Risks Associated with Non-Traditional Lending Products

How to Manage High Risks Associated with Non-Traditional Lending Products

At NonQmfunding.com, we recognize the significance of managing risks associated with non-traditional lending products. Our goal is to offer top-notch service to our borrowers, addressing all your worries. Below are the most common risks our borrowers may encounter when dealing with NonQM loans. Self-Employed Entrepreneurs Prospective Investors in Real Estate Individuals with Recent Credit Challenges...

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Non-QM DSCR 5-9 Unit Program

Non-QM DSCR 5-9 Unit Program

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...

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DSCR Loan Saves the Day

DSCR Loan Saves the Day

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...

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Understanding Condotels: A Unique Investment Opportunity

Understanding Condotels: A Unique Investment Opportunity

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:...

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Mix & Match Income Documentation Non-QM

Mix & Match Income Documentation Non-QM

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...

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