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321-239-2781NMLS # 1922428
321-239-2781NMLS # 1922428
English EN Portuguese PT Spanish ES

I’m excited to announce that I now have access to even more non-QM residential loan programs.**

These programs are ideal for self-employed borrowers, foreign nationals, permanent residents, and borrowers with relatively high debt-to-income ratios.

For primary residences, second homes, or investment properties.

These loan programs were just “turned back on” after being dormant for a little bit due to COVID-19:

  • Profit-and-loss statement
  • Bank statements (2, 12, or 24 months)
  • No minimum debt-to-income ratio (DTI) required; instead, based on debt service coverage ratio (DSCR) of underlying property
  • Asset utilization
  • 1099
  • Written verification of employment (VOE)
  • Foreign nationals
  • Non-permanent residents

**Non-QM stands for Non-Qualified Mortgage, which simply means it does not fit the definition of a Qualified Mortgage (QM) under the Consumer Financial Protection Bureau (CFPB) guidelines.

Every loan made today is subject to the CFPB’s Ability-to-Repay rule; non-QM loans just have a different way to get there.

Please contact us at 321-239-2781 or david@davidakrebs.com or by clicking here.