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Non-QM Loans Bank Statement Loans
Interest Only Loans
When you take out a traditional loan, the monthly payments that you make go toward both your loan balance and interest costs. If you keep up with interest charges, you will gradually pay down the debt you owe.
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Foreign National Loans
American citizens looking to purchase a home in the United States can sometimes find it difficult to get approved for a traditional loan. Foreign National Mortgage Loan programs are available from some lenders, and they work like other loans.
Bank statement loans are sometimes referred to as “selfemployment mortgages.” They allow someone to borrow money without the documentation required by traditional lenders, like tax returns and W2s.
Jumbo Loans With 5% Down
A jumbo mortgage or a jumbo loan is one that exceeds the Federal Housing Finance Agencies’ limits. They cannot be secured by institutions like Freddie Mac or Fannie Mae, which makes them much riskier for lenders to take on.
