Traditional mortgage products aren’t the only way to qualify for a home loan. With more and more home buyers working non-traditional jobs, the lending landscape is changing to address the specific income status of those unique potential home buyers. Cue: Simple Access® Non-QM financing from Luxury Mortgage.
What is Simple Access® Non-QM Financing
Non-QM or non-qualified loans allow lenders to think outside the box and look at alternative factors beyond traditional income to help buyers purchase a home. Traditional mortgages require pay stubs and W2’s to verify incomes – something non-traditional earners don’t always have. Non-QM loan products will use alternative sources for verifying income, including:
- Bank Statement
- Liquid assets
- Cash flow from rental properties if you are a landlord
Who is a Simple Access® Non-QM Mortgage Right for?
Our Non-QM lending products offer home buying options for:
- Gig workers
- Real Estate Investors
- Borrowers with non-traditional income
What are the Pros of a Simple Access® Non-QM Mortgage?
In addition to the less stringent income verification benefits, Non-QM mortgages have more relaxed credit requirements and allow for higher debt-to-income ratios. Additionally, if you are a real estate investor, you are not limited by the number of financed properties you can own.
Ready to Learn More?
Simple Access® Non-QM lending products from Luxury Mortgage can open the doorway for homeownership for those who otherwise can’t meet the strict criteria of a traditional mortgage. Connect with one of our licensed mortgage consultants today see if one may be the right fit for you!
We're dedicated to helping borrowers find the right home loan program for their situation. Contact us today for a free quote and consultation.
Call us today: (888) 379-0303