Top 20 Non-QM Lenders in 2023
2023 was a fantastic year for the non-QM home loan industry. Non-QM home loan providers offer a much-needed service to citizens who want to purchase a home but don’t meet the qualifications necessary to obtain a traditional home loan. Traditional lenders typically want borrowers to have a high credit score, favorable income-to-debt ratio, a stable.. Read More
Non-QM Market Growing in 2024
As of May of 2024, roughly one in four (23%) Americans rated the U.S. economic conditions as ‘excellent’ or ‘good’. Over one in three (36%) described the ongoing situation as ‘poor’. Despite all the political fluff, it’s obvious to most Americans that the economy isn’t doing great. While this may be a sign of bad.. Read More
What are Bank Statement Loans?
For the majority of Americans, purchasing a home will be the most expensive asset that the person ever secures. Considering the value of homes, it also makes sense that most Americans can only afford to purchase this type of asset by first securing a loan. Unfortunately, too many Americans are excluded from the traditional mortgage.. Read More
Why Brokers Should Consider Non-QM Loans
The past several years have been very tumultuous for the housing industry and the economy as a whole, so it makes sense that more borrowers are struggling to meet the basic eligibility requirements necessary to obtain a standard home loan. The good news is that there are alternatives, like non-QM home loans, that can help.. Read More
Non-Traditional Home Loan Market Share Increasing Rapidly
As of February of 2024, many American homeowners reported not being able to keep up with their mortgage rates amid the turbulent economy. While mortgage delinquency rates began sharply declining after the 2008 peak, they have started to trend upward since 2020. Even more Americans are finding themselves unable to even qualify for a traditional.. Read More
Non-QM Home Loans Bridge the Gap
Almost everyone (94%) agrees that owning a home is part of the idealized American Dream. That said, almost half of Americans (51%) who don’t already own a home think that they’ll never be able to afford one. If you’re among that statistic, then you may be facing non-traditional financial situations that are preventing you from.. Read More
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