At USA Private Money We Specialize in Helping Fund Difficult or Non Traditional Loans
The Mortgage Industry Calls These Non QM Loans
What Is A Non QM Loan?
A non-qualified mortgage loan is more commonly referred to as Non-QM loan. Within the mortgage industry a qualified home loan has to fit certain criteria and requirements set by CFPB. Not every borrower fits neatly inside this traditional matrix. Investors, foreign nationals and those who are self-employed, as well as borrowers with credit blemishes, can find it difficult to qualify for a conventional loan.
Who are Non Qualified Mortgage Loans For?
A Non-QM loan is for any borrower who has been rejected for traditional mortgages by banks and traditional lenders. Usually, we find our clients to be in one of the following situations:
- Self-employed borrowers with/without income tax write-offs
- Borrowers with credit blemishes such as a previous foreclosure or bankruptcy
- Retirees wishing to purchase rental or vacation home properties
- Foreign Nationals not able to apply for Traditional Loans
- Small to medium business owners
- Borrowers looking for interest-only or more flexible DSCR requirements
- Real Estate Investors
- Someone with a Unique or Non-conforming Property
Non-QM Loan Options We Offer
We offer a range of Non-QM loans working with some of the best Non-QM Lenders in the United States. Some of the available products are:
- Jumbo / Luxury Loans - (upto 5M)
- Unique Property Loan
- Asset Based Loans - (Hard Money First Mortgage)
- Bank Statement Loans
- Foreign National Loans (ITIN)
- Interest-Only Home Loans
- Deferred Interest Loans (Minimal mo. payment required)
- Foreclosure Bailout Loans
- Recent Credit Event Loans (recent foreclosure, short sale, and bankruptcy)
- Commercial Rental Property Loans
- No Income Investment Loans