This borrower was able to qualify using business bank statements from their lucrative medical practice to take advantage of their equity on an owner occupied home valued at over $12M. Though the borrower had a low-rate conventional 1st position lien, the FundLoans Non-QM 2nd...
This borrower scored their own piece of paradise - a stunning new construction high-rise condo nestled in the heart of Sunny Isles Beach, FL.
Recently Funded $5,590,000 24-Month Business Bank Statement Loan
The key factor with this loan was that the self-employed borrower was able to do a rate & term refinance in this high-rate market. We used a CPA letter with a 10% expense on the borrower’s interior design business to qualify them for a $3 million loan on their vacation home on...
$3 Million Alt-Doc Refinance on a 2nd Home
This borrower is an experienced investor with multiple investment properties who was looking to access the equity from one of his homes to reinvest and upgrade his portfolio of real estate. This DSCR loan helped him do that. FundLoans' Spectrum No Ratio Program can go all the...
Recently Funded DSCR No Ratio Loan Closed in 15 Days
With a diverse portfolio of successful businesses, including a mortgage brokerage, this borrower presented us with a unique challenge. Not only did we assist him in promptly settling an impending construction loan, but we also facilitated a substantial cash-out opportunity. To...
Recently Funded $1,350,000 Bank Statement Loan
In the world of mortgage lending, non-QM (Non-Qualified Mortgage) loans have rapidly gained popularity in recent years. However, misconceptions about this alternative lending option persist, leading to confusion and hesitancy among borrowers and even mortgage brokers. This blog...
Common Misconceptions About Non-QM Lending
Why Mortgage Brokers Should Consider Non-QM Loans for Self-Employed Borrowers Non-QM loans are becoming an increasingly popular option for mortgage brokers helping self-employed business owners. These borrowers might not fit the traditional underwriting guidelines of a...
Why Mortgage Brokers Should Consider Non-QM Loans for Self-Employed Borrowers
The Basics of Non-QM Lending and its Role in the Mortgage Industry Non-QM lending, or non-qualified mortgage lending, refers to a type of mortgage lending that falls outside of traditional, government-backed conforming loans. These types of loans are designed for borrowers who...
The Basics of Non-QM Lending and its Role in the Mortgage Industry
FundLoans' Quick Pricer offers straightforward pricing for our mortgage products to help mortgage brokers have discussions with their borrowers. This simple, user-friendly tool provides quick non-binding quotes allowing for spontaneous, one-on-one interactions. Create and send...
Have you Checked FundLoans Quick Pricer?
Many mortgage brokers are starting to find they have fewer deals in their pipeline as the market supply shrinks and rates rise.