At NonQMFunding.com, we pride ourselves on offering a diverse range of non-QM loan programs designed to meet the unique needs of our underserved borrowers. With loan amounts up to $3 million, we provide flexible and innovative solutions that cater to various financial situations. Here’s a closer look at how we handle these specialized loan programs:
Bank Statement HELOC
Our Bank Statement HELOC program is perfect for borrowers looking to tap into their home’s equity while retaining their first mortgage. This program now includes an Appraisal Waiver Program, making it even more convenient for our clients.
– Enables borrowers to tap into their home’s equity while retaining their first mortgage
– Now offering an Appraisal Waiver Program
1-Year Bank Statement Loans
Tailored specifically for self-employed individuals, our 1-Year Bank Statement Loans are ideal for those with just one year of business history. This program provides the flexibility and support that self-employed borrowers need to secure financing.
– Business bank statement loan tailored for self-employed
– Individuals with just 1-year of business history
2-1 Buydowns
Our 2-1 Buydown program is designed to lower borrower costs for the first two years, making homeownership more affordable. This program is also a great way to develop and strengthen your builder partner relations.
– Lower borrower cost for the first 2 years
– Develop your builder partner relations
DSCR Loans
For those interested in investment properties, our DSCR Loans offer substantial benefits. With loans up to $3 million, 85% LTV, and options for DSCR below 1.00 & DSCR waiver, this program is perfect for short-term rentals and vacation rental properties.
– Loans up to $3 million
– 85% LTV
– DSCR below 1.00 & DSCR waiver available
– Short-term Rentals
– Vacation Rental Properties
Non-Warrantable Condos
Our Non-Warrantable Condo program offers unique advantages, including high hazard and windstorm deductibles, no inspection requirements, and up to 100% investor concentration. This program is designed to provide maximum flexibility for investors.
– Hazard Insurance deductibles to 10%
– Windstorm deductibles to 15
– No inspections required
– Up to 100% investor concentration
– No Reserves allowed
We are committed to providing innovative and flexible loan solutions to meet the diverse needs of our borrowers. Whether you are self-employed, an investor, or looking to lower your initial homeownership costs, we have a program that can help you achieve your financial goals. Contact us today to learn more about how we can assist you with your unique financing needs.
