Are you a Gig worker, private consultant, self-employed, real estate investor or foreign national? Are you a retiree, live off investments, or have high assets but low income? Do you have a high debt-to-income ratio or credit challenges?
If any of the above applies, then securing a mortgage loan through typical financing may present a challenge. In these instances, a Non-QM loan may be a suitable alternative to allow you to qualify and secure the mortgage of your dream.
A non-qualified mortgage (Non-QM) is a loan option designed to assist prospective homebuyers that are unable to meet required qualification criteria for conforming loans by providing an alternative path to qualification with less stringent income documentation. This approach has gained popularity and has become an excellent option for many. Please contact the A Team and let us explore this option together and guide you through the process.