Non-QM and Alternative Mortgage Options: Flexible Home Loans for Unique Financial Needs

Discover Customized Solutions for Borrowers Outside Traditional Guidelines

Explore Non-QM & Loan Options
Non-QM and Alternative Mortgage Options

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Are you looking to buy a new home, lower your mortgage payment, or turn your equity into cash? Applying for your next home loan could be easier than you think.

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What Are Non-QM and Alternative Mortgage Loans?

Introduction explaining that Non-QM (Non-Qualified Mortgage) and alternative mortgage loans offer flexibility for borrowers who don’t fit traditional lending criteria, such as self-employed individuals, real estate investors, or those with complex financial situations.

Find Out If Non-QM or Alternative Loans Are Right for You

Who Can Benefit from Non-QM and Alternative Mortgage Options?

Who Should Consider Non-QM or Alternative Loans?

Mortgage interest is the fee a lender charges for lending you money to buy a home. Calculated as a percentage of the loan balance, this interest is typically paid monthly as part of your mortgage payment. Over time, the amount of interest you pay can add up, especially with long-term loans like the common 30-year fixed-rate mortgage.

  • Self-Employed Borrowers: Ideal for those with fluctuating or irregular income who may not have standard W-2s or pay stubs.
  • Real Estate Investors: Loans tailored to rental properties or multiple investment homes.
  • Foreign Nationals: Buyers without a U.S. credit history looking to invest in U.S. property.
  • Credit-Challenged Borrowers: Those with lower credit scores, recent bankruptcies, or foreclosures.
  • High Net-Worth Individuals: Borrowers with significant assets but unconventional income structures.
Check Your Eligibility for Non-QM or Alternative Loans

Benefits of Non-QM and Alternative Mortgage Financing:

Why Choose Non-QM or Alternative Loans?

  • Flexible Income Verification: Qualify with bank statements, assets, or rental income instead of traditional W-2s.
  • No Waiting Periods After Credit Events: Loans available soon after bankruptcy, foreclosure, or other credit challenges.
  • Higher Loan Limits: Ideal for jumbo loans or luxury home purchases.
  • Investment Property Friendly: Loans specifically for rental properties or fix-and-flip projects.
  • Custom Loan Terms: Options for interest-only payments, adjustable-rate mortgages (ARMs), or non-conforming loans.
See How Non-QM Loans Can Help You

Non-QM and Alternative Loan Types:

Explore Your Non-QM and Alternative Loan Options

  • Bank Statement Loans: Use 12-24 months of bank statements to verify income, perfect for self-employed borrowers.
  • DSCR Loans for Investors: Qualify based on the property’s rental income instead of personal income.
  • Asset-Based Loans: Qualify based on liquid assets rather than traditional income streams.
  • Interest-Only Loans: Lower your initial monthly payments by paying only interest for a specified period.
  • Foreign National Loans: For non-U.S. citizens with limited U.S. credit history looking to purchase property.
  • Stated Income Loans: Provide simplified documentation to verify income, ideal for those with non-traditional income streams.
Find the Right Loan for Your Needs

Non-QM Mortgage Calculator:

Plan Your Non-Traditional Mortgage with Confidence

Understanding your potential mortgage payments is crucial when considering a Non-Qualified Mortgage (Non-QM) or alternative loan. This calculator helps you estimate monthly payments and total costs for various non-traditional mortgage scenarios.

Non-QM Mortgage Calculator

Estimate Your Payments with a Non-QM or Alternative Loan

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Total Loan Amount:

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The Non-QM and Alternative Loan Process:

How to Secure a Non-QM or Alternative Mortgage

Stay informed about the latest mortgage rates and make confident financial decisions. Compare today’s best mortgage options, including Fixed, Adjustable, FHA, and VA loans, all in one convenient place. Use our up-to-date mortgage rate tool to explore the current market trends and take the first step toward securing your dream home.

  • Consultation: Meet with a mortgage specialist to discuss your unique financial situation and loan options.
  • Submit Alternative Documentation: Provide documentation such as bank statements, proof of assets, or rental income as required by the loan type.
  • Asset-Based Loans: Qualify based on liquid assets rather than traditional income streams.
  • Loan Comparison: Work with your broker to compare rates and terms from various lenders offering Non-QM or alternative loans.
  • Underwriting and Appraisal: The lender reviews your financial details and appraises the property to determine loan approval.
  • Closing: Finalize your loan, sign the paperwork, and take ownership of your new home or investment property.
Start Your Loan Application

Non-QM and Alternative Mortgage Options vs. Traditional Mortgages:

Non-QM Loans vs. Traditional Mortgages: What’s the Difference?

  • Income Verification: Non-QM loans allow for flexible documentation, whereas traditional loans require W-2s and tax returns.
  • Credit Flexibility: Non-QM loans accommodate lower credit scores and recent credit challenges, unlike traditional loans that have stricter requirements.
  • Down Payments: Non-QM loans often require higher down payments, but offer more flexible loan terms.
  • Investment Options: Non-QM loans offer unique solutions for real estate investors, while traditional loans may have more restrictions on rental properties.
  • Underwriting and Appraisal: The lender reviews your financial details and appraises the property to determine loan approval.
  • Closing: Finalize your loan, sign the paperwork, and take ownership of your new home or investment property.
Compare Non-QM and Traditional Loans

Current Non-QM and Alternative Loan Rates:

Today’s Non-QM and Alternative Loan Rates

Display current interest rates for Non-QM and alternative mortgage products, with adjustable-rate and fixed-rate options available.

Get a Personalized Rate Quote

The Non-QM and Alternative Loan Process:

How to Secure a Non-QM or Alternative Mortgage

  • Consultation: Meet with a mortgage specialist to discuss your unique financial situation and loan options.
  • Submit Alternative Documentation: Provide documentation such as bank statements, proof of assets, or rental income as required by the loan type.
  • Asset-Based Loans: Qualify based on liquid assets rather than traditional income streams.
  • Loan Comparison: Work with your broker to compare rates and terms from various lenders offering Non-QM or alternative loans.
  • Underwriting and Appraisal: The lender reviews your financial details and appraises the property to determine loan approval.
  • Closing: Finalize your loan, sign the paperwork, and take ownership of your new home or investment property.
Start Your Loan Application

What Our Clients Say

How We Helped Borrowers with Non-QM and Alternative Loans

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Simone was very helpful in my mortgage pre approval process. She kept me informed and up to date with current change of events regarding the homes I was interested in. She demonstrated a great deal of professionalism and attentiveness to me as a client. Overall I really enjoyed working with Simone and I highly recommend because she made what seems like a stressful process surprisingly smooth
Rose & Jude
couple
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u003cemu003eu003cemu003eIt is without hesitation that I would like to acknowledge the exceptional service that I received during the entire financing process of my new home. Simone’s professionalism and mortgage experience was impressive and truly appreciated. Initially I was working with several others banks and found the process frustrating and stressful. Simone went above and beyond to ensure that all of my needs were met and that everything was handled thoroughly and efficiently. I have, and will continue to recommend her in the future.u003c/emu003eu003c/emu003e
Laurenice Perkins
Homeowner
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I was referred to Simone by my realtor and it was the best decision I made to use her services. Simone was patient and transparent and made the mortgage process easy to understand. She was responsive and guided us throughout the loan from start to finish managing to find a loan that matched our needs at a great rate.
MD Rohman
Self-employed
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Expert Mortgage Tips and Advice

Featured blog posts with tips for first-time homebuyers, navigating the mortgage process, saving for down payments, and understanding interest rates.

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Mortgage Video Guides

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Frequently Asked Questions

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By default, this panel is concealed and appears when the user clicks on the section title. Input relevant information about its title using paragraphs or bullet points. Accordions can enhance the user experience when utilized effectively. They allow users to choose what they want to read and disregard the rest. Accordions are often utilized for frequently asked questions (FAQs).

By default, this panel is concealed and appears when the user clicks on the section title. Input relevant information about its title using paragraphs or bullet points. Accordions can enhance the user experience when utilized effectively. They allow users to choose what they want to read and disregard the rest. Accordions are often utilized for frequently asked questions (FAQs).

By default, this panel is concealed and appears when the user clicks on the section title. Input relevant information about its title using paragraphs or bullet points. Accordions can enhance the user experience when utilized effectively. They allow users to choose what they want to read and disregard the rest. Accordions are often utilized for frequently asked questions (FAQs).Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla congue vitae sem nec fermentum. Maecenas tincidunt semper cursus. In sit amet posuere augue. Curabitur tempus nec justo et consequat. Aliquam non ex lectus. Etiam vel ultricies felis. In sed mauris felis. Duis egestas nec quam at vulputate. Nulla nec odio rhoncus, gravida mi congue, bibendum urna. Fusce vel iaculis tortor. Praesent lacus justo, blandit non molestie sit amet, iaculis vitae nunc. Ut sapien diam, lobortis non metus non, fringilla molestie ante. Mauris nisl quam, ultricies a fringilla ac, rutrum nec dolor. Cras luctus viverra odio.

Download Our Free Guide to Non-QM and Alternative Loans

Offer a downloadable guide that explains the types of Non-QM and alternative mortgage products, the application process, and tips for securing the right loan.

Download the Guide
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