Home Financing After a Bankruptcy or Foreclosure
Non-QM loans provide the flexibility you need to obtain home financing after a recent bankruptcy or foreclosure.
Mortgages After a Bankruptcy or Foreclosure
Most traditional mortgage options require a waiting period anywhere from 2 to 4 years after a bankruptcy or foreclosure. Non-QM loans provide a practical alternative, allowing access to financing much sooner. At FNBA, our Non-QM loans provide the flexibility needed for home financing in as little as 1 month after the bankruptcy is discharged.
No Waiting Period
Unlike traditional mortgages, Non-QM loans make financing options available in as little as 1 month after the bankruptcy/foreclosure.
Alternative Income Options
These loans provide flexibility in how income is verified allowing borrowers to use alternative documentation such as assets, bank statements, business profit & loss statements.
Flexible Credit Requirements
Non-QM loans can accommodate borrowers with lower credit scores or recent credit issues making them an ideal choice for borrowers that are trying to recover from a financial hardship.
No need to wait – Apply today!
Non-QM Loan Program Highlights
Get home financing in as little as 1 month after a credit event
Minimum credit score of 600 is required
Minimum down payment of 20%
Use gift funds for all or a portion of the down payment
Up to 60% debt-to-income ratio allowed
Most property types allowed
We Say Yes When Other Banks Say No
Purchase, Refinance or Consolidate Debt
Want to talk to a member of our team? 1-833-394-8404