A Non-QM loan is a mortgage that does not conform to government or Conventional guidelines. They are great options for those that are self-employed, want temporary financing or those that want flexible payment options.
Lower payment options
Income requirements for Self Employed borrowers are much more lenient.
Cash Out Refinances up to 80% LTV Flexible credit score requirements
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TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML’S WEBSITE: SML.TEXAS.GOV.