A non- qualified mortgage is a home loan that doesn’t meet the standards set by the Consumer Financial Protection Bureau (CFPB) as the rules on Qualified Mortgage.
The QM laws are defined by the Dodd-Frank Wall Street Reform and Consumer Protection Act:
Following is the list of Non-qualified mortgage loan programs.
The borrower’s qualifying income is calculated through 12 months most recent bank statements in place of tax returns.
Getting a non-mortgage loan can be tricky, but Whittaker Gregory Burton lays everything straight for you. With WGB, you get the loan quick and easy, and at the best deal.
A portfolio loan is a mortgage loan started by a bank and is held in the bank’s portfolio over the loan’s complete life. These loans are easy to approve, as they don’t have stringent requirements as compared to a VA or FHA loan. Let WGB loans make these portfolio programs even more comfortable for you. Connect to us now!
Some distinctive features of our Portfolio Loan program include:
Our Portfolio Loan Program offers many benefits, including:
Commercial Real Estate, Specialty Bridge & Construction Lending
Specializing in bridge and construction loan options to owners, investors, and developers who need time to make improvements, find a new tenant, or sell a property. Our extensive experience and streamlined processing help ensure fast and smooth closings.