(973) 878-0068
info@crearelending.com
Resources
Our loans often cater to borrowers who might not fit the traditional lending criteria, such as self-employed individuals, those with irregular income, or those with lower credit scores. Since, these loans do not adhere to the strict guidelines, Non-QM can offer more flexibility.
Introduction to Non-QM Financing
Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t fit the traditional lending criteria set by Fannie Mae and Freddie Mac. These loans offer greater flexibility in underwriting, making them an attractive option for a variety of individuals, including self-employed professionals, real estate investors, and those with unique financial situations. With a range of options available, Non-QM loans can provide tailored solutions to help you secure financing that meets your needs. Whether you’re looking to purchase a new home or invest in property, understanding Non-QM loans can open up new pathways to achieving your financial goals.
What is a Non-QM Loan?
A non-QM loan is a type of mortgage that doesn’t conform to the standards set by the Consumer Financial Protection Bureau (CFPB). These loans cater to unique financial situations.
Who Can Benefit from a Non-QM Loan?
Anybody! Self-employed individuals, real estate investors, borrowers with unconventional income sources, or those with a credit history that doesn’t fit traditional molds.
Key Features of Non-QM Financing
- Flexible Documentation: Non-QM loans often require less documentation than traditional mortgages.
- No Doc Loans: These loans allow borrowers to secure financing without providing extensive financial documentation, making them ideal for self-employed individuals.
- Debt Service Coverage Ratio (DSCR): This ratio helps lenders assess the borrower’s ability to cover debt obligations, particularly important for investment properties.
Benefits of Non-QM Financing
- Accessibility: Easier access for borrowers with unique financial situations.
- Quick Closing: Streamlined processes allow for faster approvals and closings.
- Customizable Solutions: Tailored loan options to meet diverse borrower needs.
Have Questions? We Have Answers!
Understanding the Application Process
- Initial Consultation: Discuss your financial situation and loan options with one of our experienced loan officers.
- Documentation Requirements: Depending on the loan type, documentation can be minimal or close to almost none.
- Approval and Closing: Once approved, the closing process is typically straightforward and fast!
Join Thousands of Satisfied Borrowers!
Ready to explore your Non-QM loan options? Contact us today to learn more about how we can help you secure the financing you need. Our team is here to assist you every step of the way.
Creare Capital Lending is dedicated to empowering investors with tailored mortgage solutions designed to maximize returns and build wealth.