non-qm

Qualify for a mortgage with alternative methods, rather than the traditional income requirements for most loans.  HERE ARE SOME OF THE DIFFERENT OPTIONS WHEN IT COMES TO NON-QM:

- bank statement LOAN: INSTEAD OF USING TAX RETURNS TO INCOME QUALIFY, WE'LL ASK FOR YOUR MOST RECENT BANK STATEMENTS. AFTER CAREFUL REVIEW OF YOUR APPLICAITON AND THE BANK STATEMENTS, WE'LL COME UP WITH AN INCOME AMOUNT WE CAN USE BASED ON THE DEPOSITS YOU'VE MADE INTO YOUR BANK ACCOUNT.  
- p&l lOAN: A CPA/TAX PREPARER PROFIT AND LOSS STATEMENT CAN BE USED INSTEAD OF GOING OFF YOUR TAX RETURNS (FOR SELF EMPLOYED ONLY).  WE WILL USE THE NET INCOME ON THE P&L FOR YOUR INCOME QUALIFICATION.
- DSCR LOAN: THIS LOAN IS FOR INVESMTENT PROPERTIES - WE QUALIFY YOUR INCOME BASED ON THE LEASE AGREEMENT IN PLACE, OR BASED ON THE APPRAISERS ESTIMATED RENTAL ANALYSIS.  FOR INCOME QUALIFICATIONS, WE ONLY NEED TO CONFIRM THAT THE LEASE AMOUNT OR APPRAISER'S ESTIMATED RENTAL AMOUNT COVERS THE MORTGAGE PAYMENT (PRINCIPAL, INTEREST, TAXES, INSURANCE).