Non-Qualified Mortgage QM
If you re buying a home but have a unique income or financial situation, you may want to consider a Non QM loan.
If you re buying a home but have a unique income or financial situation, you may want to consider a Non QM loan.
How we take borrowers from home loan to welcome home.
Apply for a non-qm loan
Loan is approved and closed
Pick up your keys!
Non-QM loans describe a range of loan products that do not conform to the
Consumer Financial Protection Bureau’s qualified loan standards. They can
come with distinct risks for borrowers, however, they also create opportunities
to purchase a home for those who may otherwise struggle to qualify
for other loan types.
Non-QM loans might help borrowers who would struggle to qualify for conventional or government-guaranteed loan types. This could include:
If you are hoping to buy a home, but feel you’re being constrained or sidelined by conventional loan requirements, talk to our lending team about potential Non-QM options
There are a wide variety of Non-QM loans, but some
of the types available through The Federal Savings
Bank include:
Debt Service Coverage Ratio (DSCR):
DSCR loans don t require personal income or employment information. Typically used for rental investment properties.
Debt Service Coverage Ratio (DSCR):
DSCR loans don t require personal income or employment information. Typically used for rental investment properties.
Debt Service Coverage Ratio (DSCR):
DSCR loans don t require personal income or employment information. Typically used for rental investment properties.
Debt Service Coverage Ratio (DSCR):
DSCR loans don t require personal income or employment information. Typically used for rental investment properties.
Debt Service Coverage Ratio (DSCR):
DSCR loans don t require personal income or employment information. Typically used for rental investment properties.
This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.
Reach out to our lending team to start your home ownership journey!