Non-QM 40-Year Loan Program

The 40-year Fully Amortized Loan program offers a loan term of 480 months, allowing borrowers to spread out their payments over a longer period of time. This program does not have a balloon payment attached, providing borrowers with peace of mind and stability.

In addition to the fully amortized option, there is also an Interest-only option available for those who prefer lower initial payments. This allows borrowers to pay only the interest on the loan for a specified period of time before transitioning to fully amortized payments.

The 40-year Term program offers various options to cater to different borrower profiles. These options include Full Documentation, Alternative Documentation (such as Bank Statements, 1099 forms, and Asset Utilization), and Debt Service Coverage Ratio (DSCR) programs. This ensures that borrowers with different financial situations can find a suitable program that meets their needs.

Furthermore, this program is not limited to specific purposes. It is available for Purchase, Refinance, and Cash-out transactions, providing borrowers with flexibility in utilizing their loan for various purposes.

Overall, the 40-Year Loan program offers borrowers a longer loan term, flexibility in documentation requirements, and multiple program options to choose from, making it a versatile choice for those seeking a loan with extended repayment terms.

Contact us for more information about how the 40-year term works.