Non-QM Loans are nonconforming home mortgage loan programs benefiting homebuyers and real estate investors who cannot qualify and/or use a traditional home loan. Non-QM mortgages are not hard money loans. Mortgage rates may be slightly higher than government and/or conventional loans. Hard money loans are illegal on residential mortgages due to their high fees and…
Asset-Depletion Mortgages are different from lender to lender depending on the lender. Asset-Depletion Mortgages are non-conforming loans. Portfolio lenders normally offer asset depletion loans. Lending guidelines on Asset-Depletion Mortgages are not uniform. It varies from lender to lender. Capital Lending Network, Inc. (CLN) offers various types of Asset-Depletion Mortgages. Borrowers’ assets are used versus…
12-Month Bank Statement Mortgage For Self-Deposit Wage Earners is a home mortgage program that benefits homebuyers who are self-employed entrepreneurs. Federal income tax returns and/or W-2s are not required. The income is calculated with bank statement deposits over 12 or 24 months. Apply Now!!! Business Owners Benefit From 12-Month Bank Statement Mortgage 12-Month Bank Statement…
Homebuyers and homeowners who were told they do not qualify for a traditional government, conventional, or jumbo loan, Non-QM Mortgages can be the solution in getting a mortgage loan approval. The various types of non-QM and alternative loan programs available today offer an opportunity for homebuyers to qualify for a specialty non-QM alternative financing mortgage…
The housing market is booming. The Federal Housing Finance Agency (FHFA) and HUD has increased Conforming and FHA Loan Limits for 2021 again due to skyrocketing home prices nationwide. The conforming loan limit for 2021 is now capped at $548,250 on conventional loans on single-family homes. This was an increase from the 2020s $510,400 loan…
No-doc mortgages were the most popular home loan program prior to the 2008 financial crisis. Homebuyers who could not document their incomes or had substantial unreimbursed business expenses on their income tax returns opted for no-doc mortgages when buying a home. However, after the 2008 real estate and banking meltdown, no-doc mortgages completely disappeared. For…
Homebuyers can qualify for a mortgage one day out of bankruptcy with low credit scores and bad credit. In this article, we will be discussing qualifying for a mortgage one day out of bankruptcy with non-QM loans on a home purchase and/or refinance transaction at Capital Lending Network, Inc. Homebuyers can qualify for a home…