NON-QM Loans

Non-QM Mortgage Requirements On Income And Credit

This article covers Non-QM Mortgage Requirements On Income And Credit Why Non-QM Home Loans And NON-QM Mortgage Requirements: Non-QM loans are a great alternative to traditional loans for many reasons. After the 2008 Real Estate Crash, the whole mortgage industry went through a major overhaul Bank Statement Loans for self-employed borrowers were discontinued Dodd-Frank Was created and implemented The CFPB was created and became one of the most powerful regulators in the nation Strict Mortgage Fraud…

Bank Statement Mortgage Loan Program Lending Guidelines

How Can I Qualify For A Bank Statement Mortgage Loan Program If I Declare Negative Income On My Federal Income Taxes? The beauty with our 12-month bank statement mortgage loan program at Gustan Cho Associates is we do not require any federal income taxes period. We just need the past 12-months bank statement deposits. The average deposit is used as the monthly income.

Non-QM Down Payment Requirements For Home Buyers

This article covers Non-QM Down Payment Requirements For Home Buyers Non-QM Down Payment Requirements For Home Buyers is anywhere between 10% to 30% on a home purchase. Let us at Gustan Cho Associates help you qualify for a non-QM mortgage that suits your needs. Apply Now with Gustan Cho Associates on the dozens of non-QM mortgage loan programs we have available for 2021. Many non-QM mortgage loan programs that have been halted last year due to the coronavirus pandemic are now back in full force. In this article, we will…

Non-QM And Bank Statement Mortgage Guidelines And Requirements

This Article Is About Non-QM And Bank Statement Mortgage Guidelines And Requirements Gustan Cho Associates Mortgage Group offers a wide variety of mortgage products. Over the past few years, we have seen the comeback in NON-QM and Bank Statement mortgage lending. QM stands for a qualified mortgage. Please read our blog detailing what a QM MORTGAGE is for more information. NON-QM means non-qualified mortgage, where Fannie Mae, Freddie Mac, VA, and FHA guidelines are not required. Of course, each NON-QM and Bank Statement…

Non-Conforming Mortgage Loans And Bank Statement Loans

This Article Is About Non-Conforming Mortgage Loans And A Bank Statement Loan For Self Employed Borrowers  Non Conforming Mortgage Loans Explained And Defined: Any mortgage loans that are not conforming to Fannie Mae and/or Freddie Mac mortgage lending guidelines are called non-conforming loans. Jumbo Loans, bridge loans, hard money loans, commercial loans, and Condo Hotel Loans are examples of non-conforming mortgage loans.  Non-Conforming Mortgage Loans are often called portfolio mortgage loans.

NON-QM Versus Traditional Mortgage Performance

This Article Is About NON-QM Versus Traditional Mortgage Performance On this BLOG, we will compare NON-QM Versus Traditional Mortgage performance rates. Statistics on NON-QM Versus Traditional Mortgage provide data that non-QM loans are performing better than traditional government and conforming loans. NON-QM Loans are alternative portfolio loans. These loans are for use by borrowers who do not meet government and conforming mortgage guidelines. NON-QM Loans are not just for borrowers with bad credit. Many

Mortgage Financing Programs On NON-QM Loans

This Article Is About The Mortgage Financing Programs On NON-QM Loans 2020 is a year where new Mortgage Financing Programs were launched by many lenders. The 2008 sub-prime crash abruptly ended bank statement mortgage loans for self-employed borrowers and others create mortgage financing programs Bank Statement Loans are now back and so are NON-QM Loans 90% LTV Jumbo Loans With No Mortgage Insurance Qualifying for a mortgage with late payments in the past 12 months Types Of Mortgage Financing Programs On…

NON-QM Home Loans For Self Employed Borrowers

This Article Is About NON-QM Home Loans For Self Employed Borrowers There is finally a new loan program out there for successful self employed borrowers that cannot show their income on their tax returns. NON-QM Home Loans For Self Employed Borrowers Maximum loan limit on non-QM loans for self-employed borrowers is capped at $5 million No income tax returns are required There is no private mortgage insurance required There are many home buyers who can benefit from NON-QM Home Loans. The top three types of…
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