NON-QM Loans After Bankruptcy And Foreclosure
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NON-QM Loans After Bankruptcy And Foreclosure

Many people reestablish themselves sooner than others after bankruptcy and foreclosure. These folks can qualify for a mortgage sooner than the mandatory waiting period on government and conventional loans. Gustan Cho Associates has non-QM loans one day out of bankruptcy and foreclosure with a 30% down payment.

Non-QM Loan Requirements and Mortgage Options
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Non-QM Loan Requirements and Mortgage Options

The asset-depletion mortgage loan program benefits higher net worth individuals who do not have a regular steady income. Non-QM loans are becoming increasingly popular and benefit borrowers who need alternative nontraditional mortgage loan programs.

Non-Qualified Mortgage Products and Lending Guidelines
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Non-Qualified Mortgage Products and Lending Guidelines

Dozens of non-QM loan programs have been created and launched in recent years. A large percentage of homebuyers who cannot qualify for traditional loans gravitate towards non-QM loans. This holds especially true for self-employed borrowers who do not have to provide income tax returns and can just use bank statement deposits.