Insights

An Asset Utilization Loan Could be the Answer When DTI Exceeds Requirements

An Asset Utilization Loan Could be the Answer When DTI Exceeds Requirements

Our borrower is embarking on their sixth investment property purchase. With a FICO score of 700 and a Loan-to-Value (LTV) ratio of 75%, their financial profile stands as follows: their debt-to-income ratio, based on tax returns, is at 72%, while the loan amount they are seeking is $250,000. Notably, they possess $1.2 million in a retirement account and $50,000 in stocks and bonds. The question...

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NonQMFunding.com: Second Mortgage

NonQMFunding.com: Second Mortgage

There are many reasons why getting a second mortgage on your property makes sense. As a leader in the Non-QM mortgage market, we offer many Non-QM programs. A Bank Statement Second Mortgage is one of our popular loan programs as of lately. Most property owners have fixed in a good interest rate so cashing out to a higher rate just does not make sense. Bank Statement Program The Bank Statement Program...

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The Asset Depletion and P&L Programs Get an Update

The Asset Depletion and P&L Programs Get an Update

New Asset Depletion and P&L programs expand our leadership as the nation’s top non-QM mortgage company. We are pleased to announce that as of today, Sept. 15, 2023, you can begin taking advantage of our new Asset Depletion and P&L programs all designed to help our clients get alternative creative financing. New P&L Program 24-month P&L, CPA prepared New Asset Depletion Program 3...

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Non-QM Products for Primary Residences

Non-QM Products for Primary Residences

As a leader in the Non-QM market, we offer loans for both primary residences and investment properties. Of course, the investment properties are using the DSCR calculations offsetting the expense with rental income, but that can’t be done with primary residences. Non-QM loan programs don’t only apply to investment properties, we are seeing more and more borrowers looking for Non-QM programs for...

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100% Gifts Allowed for Down Payment Including Real Estate Investors

100% Gifts Allowed for Down Payment Including Real Estate Investors

We understand that purchasing a property can be a significant financial commitment. That's why we have designed our purchase program to be flexible and accommodating. Unlike traditional investor programs that don't allow gifts for purchasing a property, our program allows real estate investors to receive gifts just like any other borrower. This means that if you are a real estate investor looking to...

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No Cash-in-Hand Limits on Cash-Out Loans

No Cash-in-Hand Limits on Cash-Out Loans

At NonQMfunding.com, we pride ourselves on being experts in Non-QM loan programs. We understand that not every borrower fits into the traditional lending criteria, and that's where our expertise comes in. We have a deep understanding of the Non-QM market and can provide tailored solutions to meet the unique needs of our clients. One of our standout refinance programs is the cash-out refinance option,...

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