Non Traditional Mortgage Lenders in South Carolina

Welcome To HomeSpring Mortgage

About Us

HomeSpring Mortgage is a South Carolina-based direct portfolio lender. We do not broker any loans. We lend exclusively in South Carolina for residential and commercial properties.

HomeSpring is a full-service, non-QM lender that partners with mortgage professionals working in the non-government mortgage sector by making decisions that focus on a borrower’s ability to repay.

Non Traditional Mortgage Lenders

Non-Traditional Mortgage Lenders are unique lenders that don't fit the requirements for a conventional or even unconventional loan. Nontraditional mortgages are usually easier to qualify for in terms of credit score and debt-toincome ratio (DTI) but can be risky for both lenders and borrowers.

Non-QM Loans

Asset Based Loans

An asset-based loan is a business loan that is based on a company's assets, usually inventory and accounts receivable, being used as collateral. You use your current financial revenue as leverage for borrowing.

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.

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.