Non qm mortgage lenders5/16/2023 ![]() ![]() Licensed by Virginia State Corporation Commission, Lender & Broker License #MC-7271. Expires 12/31/23.Licensed by Pennsylvania Department of Banking and Securities, Mortgage Lending License # 99930. Licensed by State of Nevada Department of Business & Industry, Mortgage Company License #4948 and Mortgage Servicer License #4949. ![]() ![]() Licensed by Indiana Department of Financial Institutions, Mortgage Lending License 60919. Licensed by Department of Financial Protection and Innovation(DFPI) under California Residential Mortgage Lending Act License #41DBO-137912. Licensed by the New Mexico Financial Institutions Division, Mortgage Loan Company License. Licensed by the Arizona Department of Insurance and Financial Institutions, Mortgage Lender License #1036738. Licensed by the Maryland Commissioner of Financial Regulation, Mortgage Lender License. Licensed by the Oklahoma Department of Consumer Credit, Mortgage Lender License #ML015637 & #MB015634. Licensed by the Florida Office of Financial Regulation, Mortgage Lender Servicer License # MLD1309 & Mortgage Lender Servicer License MLD1783. Colorado Mortgage Company Registration, regulated by the Division of Real Estate. Licensed by the Texas Department of Savings and Mortgage Lending, SML Mortgage Banker Registration. income, credit or a Social Security Number.Ĭopyright© 2022. Non-QM loans for foreign nationals may not require proof of U.S. A foreign national is defined as a citizen of another country who lives in the U.S. If the rental income on the new property exceeds that property’s monthly loan payment, you won’t need to verify any other income to qualify.Ĭlients who are foreign nationals. Non-QM loans may be applicable for clients who are building a portfolio of investment properties but already own 10 other mortgaged properties (the limit for most conventional lenders). For example, a $200,000 savings balance may be converted into $833.33 of extra monthly qualifying income with a typical 20-year asset depletion loan term.Ĭlients investing in multiple rental units. An Asset Depletion loan solution divides your total cash balance by a lender-chosen time period, so the asset can be counted as income. Instead of tax returns, non-QM loans require 12–14 months of bank statements to verify income.Ĭlients with high net worth. Non-QM loans are ideal for uniquely qualified clients, including: Ĭlients who are self-employed. ![]()
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