Non-QM Loan

What are Non-QM loans?

A Non-QM loan, or Non-Qualified Mortgage loan, is a type of mortgage loan that does not meet the standards set by the government-sponsored enterprises (GSEs) for a qualified mortgage. This type of loan is ideal for borrowers who do not meet the strict guidelines of a qualified mortgage, such as those with irregular income or a high debt-to-income ratio.

Why choose a Non-QM loan

Allows you to qualify based on alternative methods, instead of the traditional income verification required for most loans. Common examples include bank statements or using your assets as collateral.
Flexible underwriting guidelines, making them a potential option for borrowers who don’t meet the criteria of a qualified mortgage.
Alternative financing options for those with irregular income, self-employment, or high debt-to-income ratios.
Suitable for borrowers with less-than-perfect credit or unique financial situations.
A convenient and cost-effective way to finance a home purchase or refinance.
Competitive interest rates and flexible terms.
Tailored to individual needs, including loan amount, interest rate, and term.
Opportunity to obtain a mortgage even if one does not meet the criteria for a qualified mortgage.
Becoming increasingly popular and widely available, making it easier to find a lender.

How Non-QM loans work

3-,12- and 24-month bank statement Loan Programs
Asset Depletion/ Asset Qualifier Programs
One year Income Doc Program
Non-Warrantable condominium programs
2- and 3-Month Bank Statement w 3^rd Party P & L
Debt Service Coverage Ratio DSCR
Foreign National and ITIN Programs
4-year Seasoning on Foreclosure
40 Year Fixed Rate
Reverse Mortgages

**Cornerstone First Mortgage, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

Interested in a Non-QM Loan?

Contact us! One of our mortgage specialists would be happy to answer all your questions and get you started with a great low rate today!

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It’s simple to get started on your mortgage journey – whether you’re just looking to get pre-qualified or are ready to submit an application. Just click the button below or submit a contact form to speak with one of our mortgage experts.

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Non-QM Loan

What are Non-QM loans?

Why choose a Non-QM loan

How Non-QM loans work

Interested in a Non-QM Loan?

Let’s get you into your dream home

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