non-conforming LOAN

Non-conforming loans are great for borrowers who are borrowing more than a conforming loan amount; experience trouble with their credit score or have gone through a bankruptcy in the past; or have a high debt-to-income ratio.

Non-conforming loans offer a wider diversity of loan types and features. The process for securing a nonconforming loan may be quicker and require less documentation. 

• 12 month bank statements  
• 24 month bank statements 
• Minimum 660 FICO scores  

The best non owner loan in the industry:

• As little as zero months reserves (Use property cash flow to qualify) 
• FICOS as low as 620  
• No seasoning on cash out or rate and term  
• No LTV restrictions on 2-4 units  LTV’s up to 80% (min 660 FICO) 
• No rate pricing adjustments on cash out with LTV <=70% 

• 12 or 24 months P&L Only (NO bank statement required) 
• 1 yr 1099 
• WVOE Only 
• Asset Depletion 
• SFR, Condo, 2-4 units, leaseholds, modular homes 
• Interest only options 

If you’re borrowing more than $510,400 in much of the U.S., or more than $765,600 in high-cost areas, you’ll need a nonconforming loan.

If you’ve experienced credit troubles and your FICO score is south of 630, you probably won’t qualify for a conforming loan. FHA loans are also a great alternative if you have a low credit score.

 If your debt-to-income ratio is high, you may still might be able to get an FHA mortgage or a type of nonconforming loan.