Increase in Demand for Non-QM Loans as Rates Rise
Back in 2019, the average mortgage rates for families hovered around 3.94%. As we enter into the last few months of 2023, that rate is right around 8% for traditional lenders. With such high rates, demand for new mortgages has been decreasing. To make matters more complicated, an increasing number of interested borrowers can’t meet.. Read More
More Traditional Lenders File for Bankruptcy
The turbulent economic times we’ve all been living through over the past several years have proven to be very disadvantageous for lenders and loan providers. That’s because loan providers need a steady stream of borrowers with solid incomes in order to stay afloat financially. When borrowers start to struggle to make payments or meet certain.. Read More
Judge Reverses Non-QM Lender’s Decertification
There’s been a lot of controversy surrounding non-traditional home loans in recent months. Just recently, a California Judge has reversed a previous court ruling that disallowed Change Lending from continuing to give out non-QM loans. According to reports, the federal judge determined that the previous decision, made by the U.S. Treasury Department, was not founded.. Read More
Non-QM Lenders Leading the Loan Race
When former President Trump declared that we were collectively experiencing the “calm before the storm,” no one could’ve envisioned how chaotic the next several years would be. Individuals, businesses, and entire industries have all gone through extreme financial strain as a result of the pandemic, geopolitical tensions, and the development of new currencies. As a.. Read More
Can Non-Citizens Get a Home Loan?
In the last quarter of 2022, over 136,000 noncitizens were issued immigrant visas as new arrivals to the United States. While these individuals have traveled to America to work, travel, go to school, or to visit family members, many of them will stay in the United States for an extended period of time, which means.. Read More
Non-QM Lenders Build Relationships With Borrowers
In today’s digital and face-paced world, most loan providers all rely on the same strategies when it comes to determining who to provide loans to and who to deny. Most home loan providers have specific qualifications that borrowers have to meet before they’re even considered for a loan. On top of that, computer algorithms driven.. Read More
We are here to help you
$1 Billion+ in available capital
LESS THAN 3 MINS to get your rate
Low Starting Rates Low Starting Rates
AVAILABLE IN NATIONWIDE
As Seen On
