The house needs repairs to unlock the value and banks can’t see past the house in its current condition There are several types of custom loans to suit your needs Types of Non QM Loans.

They have an excellent investment opportunity, but do not have sufficient financial strength to get a bank loan.They prefer not to provide all the documentation to a bank including tax returns.They want to avoid spending too much time raising equity or debt from many different smaller investors but prefers to instead focus on finding new opportunities.They have more good opportunities than cash to purchase them.They require a quick closing and banks cannot meet the deadline.There are many reasons why borrows choose a non QM loan, like: That means that while banks and other lenders might not finance your loan, a non QM lender (Hard Money Lender) will because they know you’re more than numbers. They look outside the normal credentials of credits scores and income to take a look at the opportunity as a whole. A funding group offering a customized NON QM loan will see what could be: An investment opportunity. A traditional bank will only see what is: A house that needs work. Suppose you found the perfect fixer-upper. The house needs a lot of work but has a lot of potential. These loans look into all aspects of a borrowers ability to repay a loan including income ratios, debt load, credit score and many other factors including the habitability of the house securing the mortgage. QM Loans stands for Qualified Mortgage loans. If you’ve been wanting to get into real estate investing, read on to learn about our customized NON QM loans and the many advantages they can offer.Ĭustomized NON QM loans are called custom because they are crafted just for you. “A loan that looks beyond my credit score and numbers to make a loan that’s perfect for me?” “Why can’t banks do NON QM loans?” you think. But as you look over your finances you begin to doubt if you can. You’ve always wanted to get into real estate investing, especially since you keep hearing how beneficial it can be.

Best non qm lenders