Some homebuyers don’t have a strong credit score. Others don’t meet income requirements. Whatever the reason, many people fall outside the standard mortgage lending box and are unable to receive a qualified mortgage. However, that’s where a non-qualified mortgage can fill the gap.

Non-qualified mortgages, or non-QM loans, are often the right match for those who have income but don’t qualify with their tax returns or pay stubs alone. Whether you’re self-employed and have a hard time proving your income, have a prior bankruptcy or a distressed property sale, or have sizable assets and just want to keep a positive cash flow, talk to our team about a non-QM loan. This flexible loan is likely to meet your unique financial circumstances.

Who benefits from a non-QM loan?

  • Self-employed persons
  • Interest-only loans
  • History of bankruptcy
  • Real estate investors
  • Income without W2 or pay stubs
  • Alternative documentation loans
  • Foreign nationals

A non-QM loan is not a high-risk loan that was rejected by other lending options or a mortgage loan that would jeopardize the borrower; it is simply a loan that does not fit the rigid requirements of traditional conventional or government-backed mortgage loan. If you’ve got the income to make your mortgage payments, we can help find a way to get you financed.

A unique lending program requires unique details and information. When you meet with a member of the Delgado Team, we’ll need to learn more about your income, your tax returns, your business (if applicable), and more. Upon getting to know you and your lifestyle, we’ll work with you to get you approved. We can help you discover the path to reach your goals.

With close to three decades in the industry, we are fully prepared to help you find a loan option that allows you to purchase a home. Get in touch with our team today to schedule your complimentary consultation.