Today’s real estate market demands flexibility and innovative financing solutions. As a real estate investor, you should explore non-qualifying mortgage (Non-QM) loans as a viable option.
What is a Non-QM loan? Unlike traditional mortgages, these investor loans are alternative solutions that do not have to meet standard Consumer Financial Protection Bureau requirements. They accommodate mixed income sources and varied credit histories.
Here’s a breakdown of different Non-QM options. Whether you’re a first-time investor or looking to expand your real estate portfolio, we aim to help you identify the best investor loans for your needs.
Debt Service Coverage Ratio (DSCR)
If you’re considering buying a multifamily investment property, it’s worth checking out a Debt Service Coverage Ratio (DSCR) loan. This type of loan enables you to qualify for financing based on the rental or investment property’s cash flow.
How is it calculated? By dividing the property’s monthly income by its principal, interest, taxes, insurance, and association fees. This allows you to leverage the income potential of the property itself, making it a great investor loan option.
Click here to learn more about LendSure’s DSCR loan program.
Bank Statement Loan
If you’re a freelancer or self-employed individual, a Bank Statement Loan could be your ideal match. Traditional loan programs often rely on W-2s or tax returns to verify income, but as a worker who doesn’t fit into the typical 9 to 5 mold, your income might not be accurately reflected in these documents.
Bank Statement loans act as a solution for this issue by considering your bank statements over the past 12 or 24 months instead. This allows your cash flow and overall business health to be assessed, providing a more accurate representation of your ability to repay the loan.
Click here to learn more about LendSure’s Bank Statement loan program.
Profit & Loss (P&L) Loan
A Profit & Loss (P&L) loan is another excellent alternative lending option for self-employed individuals, business owners with fluctuating income, or cash businesses.
Similar to Bank Statement loans, P&L loans do not rely on traditional income documentation. Instead, your profit and loss statements are considered, allowing us to gauge your profitability and financial stability.
Click here to learn more about LendSure’s Profit & Loss (P&L) loan program.
Full Doc Loan
If you’re looking to refinance or purchase a home, a Full Doc (full documentation) loan could be for you! Full Doc loans require paperwork and documentation, such as a few years of W2s, pay stubs (for traditional employment), 1040s, and tax returns (for self-employment). However, this thorough process often leads to lower interest rates and more favorable loan terms, making it a great option for homebuyers with a solid financial history and high credit scores.
Click here to learn more about LendSure’s Full Doc loan program.
Bridge Loan
Are you looking to purchase a new home but haven’t sold your current one yet? This is where a Bridge loan can help. It provides short-term financing to bridge the gap between buying a new home and selling an existing one.
The loan accomplishes this by paying off your existing mortgage, freeing up equity that can then be used as a down payment on your new home. This allows you to secure your new property without having to wait for the sale of your old one.
Click here to learn more about LendSure’s Bridge loan program.
Fix and Flip Loan
Are you considering entering the Fix and Flip real estate market? According to current market trends, 2024 could be an excellent year to begin investing in this field. A Fix and Flip loan, also known as a property rehab loan, is a short-term business loan that offers the required capital to buy and renovate a property before reselling it.
Click here to learn more about LendSure’s Fix and Flip loan program.
Foreign National Loan
If you’re not a U.S. citizen or a permanent resident and wish to invest in the American real estate market, you may find it difficult.
However, you can opt for a Foreign National loan for the necessary funding.
What is a Foreign National loan? They’re loans designed to help non-U.S. citizens or permanent residents purchase property in the United States. That means you don’t need a U.S. credit history or Social Security number to obtain financing for your investment property.
Click here to learn more about LendSure’s Foreign National loan program.
Why LendSure?
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers, ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan.
We’re redefining the mortgage experience one loan at a time. Thanks to our common-sense approach and dedicated lending team, we say ‘yes’ more often to today’s homeowners and investors.
Contact us today to learn more about our investor loans.
