USA Private Money
Your Trusted Broker for Non-QM Loans
We believe that everybody should have access to funding for the purchase or refinance of their dreams.
What is a Non-QM Loan
A Non-qualified mortgage (Non-QM) is a home loan designed to help homebuyers and refinancers who can't meet the strict criteria of a qualifying mortgage for one reason or another:
Not every borrower fits easily inside traditional government criteria. Investors, foreign nationals, business owners, gig workers, and those who are self-employed, as well as borrowers with credit blemishes, such as foreclosures, low credit scores, or prior bankruptcies, may find it difficult to qualify for a conventional loan. This is where a Non-QM Loan can be helpful. A Non-QM loan will have different underwriting guidelines than conventional or government-backed loans. Non-QM loan lending guidelines follow regulatory guidelines while considering a borrower’s Ability to Repay (ATR), according to the loan’s terms. This includes cash flow through personal or business bank accounts.
Who are Non-QM Loans for?
Most often, we find borrowers are in one of three situations that best fit a Non-QM loan:
- Self-employed borrowers with a lot of income tax write-offs
- Borrowers with credit blemishes
- Investors wishing to purchase rental or vacation home properties
WHO NON-QM HELPS
Previous Credit Event
BEST NON-QM LOANS PROGRAMS FROM SOME OF THE INDUSTRY’S BEST LENDERS
Every person has a story. Our non-QM LENDERS help more borrowers achieve their dreams
Non-QM Loans – Programs
BANK STATEMENT LOAN
Only bank statements are required for this type of Non-QM loan. Alternative documents accepted for self-employed borrowers.
For investors seeking to grow their portfolios. We cater even to lower DSCRs
NEAR MISS JUMBO
The non-QM Near Miss Jumbo mortgage program is a competitively priced product for borrowers who just miss qualifying under Prime Jumbo guidelines. Stop losing funding because other lenders only offer Prime Jumbo. Our Near Miss Jumbo loan allows our clients to help more Jumbo borrowers
We help facilitate 1099, Asset-based loans, Full Doc, Credit Event seasonings, PNL Statement Loans, etc. Talk to us today to find an alternative product for you as a business owner!
WHY our Non-QM Loans are THE BEST!
We offer a wide range of Non-QM programs to ensure you get the loan YOU need. Find your next loan solution at USA Private Money!