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Non-Traditional Mortgage

Non-Traditional Mortgage Programs

Non-Traditional Mortgages (Non-QM)

What is a Non-Traditional Mortgage? These home loans are often referred to as Non-QM, Alternative Financing, or Unconventional Home Financing. It simply means it does not conform to Fannie Mae or Freddie Mac Conventional Guidelines. This provides alternative financing options for borrowers with unique income scenarios or other factors that work great for business owners, self-employed borrowers, investors, and others that would not otherwise qualify for a confirming guidelines loan or who want to provide less documentation to buy or refinance a house. Factors such as income source, debt to income ratios, less documentation requirements, tax returns, credit, assets, legal status, and many more variations can used to fit your situation.

We have many unique programs for this loan type. Please contact us for more details on the best fit for you.

We’re here to make getting a home loan easier than ever with our technology, tools, expertise, that will guide you along the way. We’ll help you clearly understand the differences between loan programs and options, empowering you to make the best informed decisions on what is right for you. Use our Loan Calculators to estimate monthly payments.

Bank Statement Loan

12 or 24 months of Business or Personal Bank Statements

Our 1099 income loan option is for self-employed borrowers who are 1099 workers such as freelancers, uber drivers, door dash, or any other type of contract worker. 

Ideal for:

1099, and Alternative, and Self-employed borrowers who need an alternative method to show the true cash flow of their business. Freelancers, contractors, gig economy workers or other self-employed borrowers who file using W-9s cannot qualify for a home loan under agency guidelines. Self-employed borrowers represent a large underserved market. 

Investor Cash Flow DSCR Loan

DSCR (Debt Service Coverage Ratio) allows you to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. This saves you from submitting complicated income statements and tax returns. DSCR is a measurement of a property’s expected cash flow to determine ability to repay the loan.

Ideal for:

Investors who want to qualify for investment properties solely on the monthly payment debt being covered by the rental income.

Bridge Loan

When you’ve found the home you want to buy but your funds aren’t freed up from a previous property, a Bridge Loan can close the gap. This short-term, interest-only financing helps borrowers purchase an investment property without having to wait for another property to sell, or another source of funds to become available.

Ideal for:

The Bridge Loan is ideal for borrowers who are ready to buy an investment property and prefer to use short-term financing.

Alt-Doc Home Loan

Have a lack of income or credit documentation impeding your home-buying plans? If so, our Alt-Doc Program, short for alternative documentation, provides an alternative. This unique loan option enables flexible qualifying methods such as asset depletion or bank statement submissions to qualify.

Ideal for:

Borrowers who do not meet usual income documentation requirements, but want the chance to qualify using flexible alternatives.

Asset Qualifier Home Loan

Have a lack of income or credit documentation impeding your home buying plans? If so, our Alt-Doc Program provides an alternative. This unique loan option enables flexible qualifying methods such as asset depletion and/or bank statement submissions.

Ideal for:

Borrowers who do not meet federal agency guideline documentation requirements, but want the chance to qualify using flexible alternatives.

ITIN Home Loan

Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a home loan as long as they meet the eligibility requirements. This loan product is a full documentation alternative loan offering flexibility for individuals residing in the United States.

Ideal for:

Non-U.S.-citizen such as a Permanent Resident who want to purchase a primary home and have an ITIN but no SSN. 

Community Mortgage

Many homebuyers face obstacles with qualifying during the underwriting process. If your income history fluctuates or you’re unable to provide the lengthy earnings history required, qualifying for a conventional loan becomes a challenge. This unique program makes it possible for you to qualify for the financing you need, even if your income documentation is limited.

Ideal for:

Borrowers who are self-employed, who own small businesses, who have volatile or irregular income, retirees, seasonal and gig workers, real estate investors, owners and employees of cash businesses, newly self-employed, those transitioning from recent health, family or other life events, those looking to tap trapped home equity, recent immigrants, and those with disqualified income.

Foreign National Loan

Qualifying for conventional financing for a U.S. property can be challenging for Foreign Nationals due to agency guideline asset documentation requirements. This is loan program that serves borrowers who want to buy or refinance a second home or investment property but may not live in the United States. Homebuyers can qualify based on the rental income of the property – credit scores are not required to qualify.

Ideal for:

Non-U.S.-citizen borrowers who want to purchase a second home or investment property. This program serves non-resident aliens who hold a visa for temporary residency, not Non-Permanent Resident Alien status.

You don’t conform to the norm, so let us help get you into a home with a non-traditional loan that fits your unique qualification needs

Do I Qualify for
Alternative Financing?

When you’re ready to buy but don’t meet typical documentation requirements for a conventional conforming loan. We offer loan options tailored to the needs of unique buyer situations, like self-employed, business owners, & more.

Loan Payment Calculators

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