Insights

Non-QM Loans Provide Self-Employed Borrowers a Chance to Qualify for a Mortgage Loan
There are those individuals who don’t have the conventional income that a W2 wage earner gets. There are self-employed borrowers, gig workers, independent contractors, and other similar income-type employees. Trying to get a loan conventionally would probably be very difficult but using a non-QM mortgage program increases the chance of qualifying for a mortgage. Below is a quick snapshot of the type...

We Don’t Let Income On Tax Returns Keep our Self-Employed Borrowers From Qualifying
Purchasing a second home can be an exciting milestone in one's life. However, for borrowers with unconventional financial circumstances, securing a loan for their dream home can be a daunting task. In this blog post, we will explore a scenario where our borrower, with a 702 FICO score, was able to overcome financial hurdles and successfully obtain a $2 million loan with a loan-to-value ratio of 70%....

We are Your Top Choice for Non-QM Loans
Are you ready to kickstart the year with the best non-QM loan solutions? Look no further than NonQmFunding.com, your trusted partner for exceptional service, knowledgeable sales teams, and innovative loan products. We have a wide range of options to cater to your unique lending scenarios and situations. Income qualification issues? No problem! We offer various products to help you overcome this...

Our Non-QM Program Offers Reduced Seasoning on Major Credit Events
Did you know that our program allows for reduced seasoning on major credit events? This means that borrowers who have experienced certain credit events can still have a chance to qualify for a mortgage with us. Let's dive into the details! Eligible Major Credit Events Our Non-QM program considers several major credit events, provided they have a minimum seasoning of 12 months. These events include:...

Introducing the One Score No Score Loan Program
Many potential borrowers are concerned that their credit score might hinder their chances of securing a mortgage. However, fear not! Our innovative "One Score No Score" loan program is specifically designed to cater to every type of borrower, regardless of their credit history. Whether you have a single credit score or no traditional credit history at all, we have a game-changing solution that can...

A Jumbo Loan Product Gives Borrowers Borrowing Options with Non-QM
One of our borrowers was looking to purchase a primary residence with a loan amount of $1.4 million and a loan-to-value (LTV) ratio of 90%. The borrower has a FICO score of 752 and has been self-employed for 15 years. However, their debt-to-income (DTI) ratio is quite high at 58% based on the net reported income on their tax return. In this case, a conventional Jumbo loan is not an option for the...