Access Non-Traditional Mortgage Lenders in Florida

Looking for the top non-traditional mortgage lenders in Florida? We know the creative lenders who are willing to color outside the lines and get you to the closing table.

What can the best non-conventional mortgage lenders offer you?

If you’ve had your mortgage application denied, you’re not alone.

Many borrowers need non-traditional mortgage loans.

Flexible mortgage lenders are willing to take on more risk than traditional lenders.

You may have a low credit score or a high debt-to-income ratio, or the property itself may be risky (e.g., nonwarrantable condo, large acreage property, short-term rental property).

Applying to a creative, non-traditional lender that employs common sense underwriting might just be your easiest route to approval.

What programs do the best alternative mortgage lenders in Florida offer?

Alternative lenders for a mortgage specialize in creativity and flexibility. Understanding that not every borrower fits the traditional mold, these lenders offer a full spectrum of loan programs for even the trickiest of situations.

Here we highlight three innovative products offered by non-traditional lenders: the revolutionary no-ratio loan, non-warrantable condo loans, and investment property loans. Explore the full range of programs offered by alternative mortgage lenders.

NO-RATIO LOAN

Offered by just a handful of alternative lenders in the country, the no-ratio loan is called as such because your debt-to-income ratio is not calculated. And there's no need to verify your income or employment. These loans are available for purchasing or refinancing owner-occupied properties (primary residence and second homes).

Learn more

NON-WARRANTABLE CONDO LOANS

Our non-traditional lenders aren't strictly bound by Fannie and Freddie guidelines. They are willing to lend on non-warrantable condos, whether the issue is low reserves in the budget, construction defect litigation, or high investor concentration.

Learn more

INVESTMENT PROPERTY LOANS

Our flexible mortgage lenders offer programs such as debt service coverage ratio (DSCR) loans, rental portfolio loans, and loans for short-term rental properties. Our flexible lending options are tailored to support your investment aspirations.

Learn more

Unconventional mortgage lenders to suit you

We are not a traditional bank. As a mortgage broker with access to a network of the best non-conventional mortgage lenders, we can tailor your loan to your exact needs.

Whatever the issue may be, our non-conventional lenders have a solution.

Jumbo and super jumbo loans

While traditional lenders shy away from high loan amounts, our non-conforming lenders understand the complexities of larger loan amounts, offering up to 80% LTV up to $7.5 million.

Learn more

Foreign national loans

Some banks do not lend to foreign nationals at all. Our lenders have special programs allowing foreign nationals from any country to invest in U.S. real estate.

Learn more

Self-employed solutions

Our lenders allow alternative income documentation, such as bank statements and profit-and-loss statements, acknowledging the varied nature of self-employment income. No tax returns required.

Learn more

Book a call with us today

Let's discuss your scenario

How do you find alternative home loan lenders in Florida?

Recognizing that your loan scenario doesn’t satisfy a traditional lender’s criteria is only half the battle.

The next step is finding the best non-traditional lender with the best program for your situation.

Since most alternative mortgage lenders operate on a wholesale basis, applications can only be submitted through a licensed mortgage broker.

At DAK Mortgage, our expertise lies in collaborating with the leading non-traditional wholesale lenders nationwide.

Working with us saves valuable time, as we have established direct contacts with key individuals at these lending institutions. This insider access allows us to expedite your loan application process.

If you’re in the market to purchase a new property or aiming to refinance your existing one, we’re here to connect you with the non-traditional mortgage lender that fits your circumstances.

We are alternative mortgage lender specialists in Florida

Where traditional lenders may fall short, our unconventional mortgage lenders specialize in creative loans that get you to the closing table.

Non-traditional lending: FAQs

What are non-traditional lenders?

Non-traditional mortgage lenders provide mortgage financing outside traditional banking channels. These can include institutional lenders or private lenders. They specialize in offering flexible, innovative loan products often appealing to borrowers with unique income sources, credit histories, or property types not catered to by traditional lenders.

What is an alternative mortgage lender?

An alternative mortgage lender is a financial entity that offers mortgage loans with more flexible guidelines. These lenders typically cater to borrowers with unique financial situations, such as irregular income or lower credit scores, by providing more flexible and innovative lending solutions than conventional banks.

What is an example of a non-conventional mortgage?

An example of a non-conventional, alternative mortgage is a bank statement loan, typically used by self-employed individuals. Instead of traditional income verification, borrowers provide bank statements to demonstrate income. This type of loan is ideal for those with fluctuating incomes who may not qualify under standard documentation requirements.

Other examples of non-conventional mortgages include: jumbo loans, super jumbo loans, foreign national loans, investment property loans, DSCR loans, and non-warrantable condo loans.