Non-QM
Because
one size DOES NOT
. . . . .FIT ALL
Non-QM Correspondent Lending:
How Can We Help?
Non-QM Lending – Here to help you close more!
As a leader in the Non-QM/Non-Agency space, First National Bank of America partners with correspondent lenders to deliver residential mortgage solutions for underserved, creditworthy borrowers. With the rising demand for mortgage options outside of the traditional space, our loan program offerings can help you capture more market share and help more people with their homeownership goals.
Solutions for Financing Outside of the Box
Designed to help a borrower with a tax id number but no social security number. We can lend up to 85% LTV and 55% DTI on ITIN loans.
Terrific Solution for a borrower who needs a mortgage after bankruptcy, foreclosure or short sale. No seasoning is required on the credit event and gift funds are accepted.
Our Profit & Loss Only option or 12 months of personal/business bank statements are a perfect fit for self-employed borrowers. Find out more today!
Flexible Non-QM Loan Programs for All Your Borrowers
At First National Bank of America, out simple Non-QM programs give both ITIN and SSN borrowers home financing options when conventional guidelines don’t fit.
We offer multiple qualification options, including:
- 12 months of income documentation using business or personal bank statements
- Profit & Loss statements
- Seasoned Assets
- Traditional, full doc options
With the demand for non-traditional mortgage solutions growing, having a partner that can help you explore Non-QM can be a game changer. Give us a call at 800.636.3429 or submit a scenario and start working with a Non-QM correspondent lender that has been committed to alternative mortgage solutions for over 70 years!
Submit a Scenario Today!
We are always ready to help you close more home loans. Contact us.
