Non-Traditional Loan
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WHAT IS A NON-TRADITIONAL LOAN?
Non-Traditional Loans or also known as a “Non-QM loan”, or a non-qualified mortgage, is a type of mortgage loan that allows you to qualify based on alternative methods, instead of the traditional income verification required for most loans. Common examples include bank statements or using your assets as income.
HOW DO I KNOW IF A NON-TRADITIONAL MORTGAGE IS RIGHT FOR ME?
Non-Traditional Loans are sometimes a good option for individuals who have trouble qualifying for traditional mortgage. Within some lines of work, income can be difficult to document, so a non-traditional mortgage is a great option for those who fall into that category. Feel like a Non-QM loan could work for you? Call us today!
*Please visit our Disclosures page for more details for all loan types.