Discover an alternative mortgage solution

Purchasing a home is one of the bigger investments we make in life and obtaining a mortgage isn’t always easy. First National Bank of America has offered customized mortgage solutions for over 65 years. In that time, we have learned that mortgage lending can’t be a one size fits all approach.

Whether you are looking to purchase, refinance or consolidate debt, FNBA’s Non-QM loan programs offer an alternative mortgage solution, Nationwide. Our loan programs are available to Self-Employed and 1099 borrowers, ITIN borrowers, SSN borrowers, Previous Credit Event borrowers and everyone in between! 

Self-Employed
We make the mortgage process easier by allowing self-employed borrowers to utilize alternative methods to document income, including: Profit & Loss Only, Bank statements, 1099's or 1040's to show their annual income.
No tax returns or schedule K's required!
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ITIN or SSN
Whether you have an Individual Tax Identification Number (ITIN) or a Social Security Number (SSN), Non-QM mortgages are an excellent financing option!
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Credit Event
People are more than a credit score. We have loan programs available to help borrowers obtain a mortgage after a recent credit event.
No seasoning required.

If you haven't established credit yet, we have solutions that work for you too!
No credit score- no problem!
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Qualifying made easier

Unlike traditional loans, Non-QM mortgages allow the use of alternative income documentation, making it easier to qualify. At FNBA, we have income options to fit all types of borrowers and only require 12 months of income history utilizing any of the below options:

  • Profit and Loss Only
  • Bank Statements (Personal or Business)
  • Seasoned Assets
  • Traditional methods including w2’s, paystubs & tax returns

If you are looking for an experienced lender that thinks outside of the box and is ready to go above and beyond to take the stress out of applying for a mortgage, you’ve come to the right place!

 

What would you like to do?
Purchase, Refinance or Consolidate Debt

Want to talk to a member of our team? Call 1-833-394-8404

Why Non-QM may be right for you….

A non-qualified mortgage (Non-QM) is a home loan designed to help homebuyers who can’t meet the strict criteria of a qualifying or traditional mortgage. Non-QM loans fill the void and are an incredible option, if not, the only option for millions of people looking to buy a first home, a dream home and everything in between. Unlike traditional loans, our Non-QM programs allow for a customized approach to documenting income, higher Debt-to-Income limits and a team dedicated to help you succeed from the beginning of the mortgage process until your final payment.

DTI (Debt to Income)
Debt-to-Income above 43%?
Our loan programs allow our borrowers to go up to 55%.

Calculate your DTI by adding up all of your monthly debt payments and divide it by your gross monthly income.
Income Documentation Options
In addition to relying on w-2s or tax returns to determine our borrowers income, our programs allow us to utilize profit & loss statements only, personal or business bank statements as well as seasoned assets. These additional ways to document income changes the game for many of our customers as it allows us to see a more accurate picture of their income, helping the approval process!
12 months of income history only.
Credit Event
Denied for a mortgage due to a recent credit event such as bankruptcy or foreclosure?
Non-QM loans can be more forgiving than traditional financing and offer an alternative mortgage solution with no seasoning required!

No credit?
At FNBA, that's ok too! We have Non-QM loan solutions that can turn your homeownership dream into reality.

Ready to apply?

What are people saying?

Real words from real customers!
  • We just closed on our new home, all made possible by First National Bank of America. We had a great experience with Kassandra, Mallory and the entire FNBA team! They were very responsive and helped make the process painless. Home buying can be so stressful but with their help everything ran smoothly. A big thank you to all!
  • We recently worked with Kassandra to obtain a mortgage loan through First National Bank of America in Lansing, MI. Our experience could not have been any better. Kassandra was personable, pleasant, professional and knowledgeable in all aspects of the buying process. She helped educate us on so many things of which we were unaware and she was accessible any time we had questions. We have bought 4 houses in our lifetime, the loan process for this purchase was by far the smoothest, we attribute that totally to Kassandra's professionalism and knowledge. We can not say "Thank you" enough for all of her hard work!
  • David E.The mortgage process is always a bit stressful but add COVID-19 to the mix and you have fireworks. Our loan officer Eric always managed to explain and settle us back down. And now we are the owners of our fantastic new home. Many many thanks!
  • Stephanie Brown was our Loan Officer for our home purchase. I was truly impressed with how quickly and efficiently we were able to get approval and keep the process moving forward. I have purchased multiple homes over the years and as a small business owner it has been one of the worst experiences to go through each time. The process feels like something from the Spanish Inquisition to be able to qualify. Stephanie had an approval for me in just under 24 hours. She was very responsive and communicative from our very first contact all the way to the closing and after, following up to see how our move went and to congratulate me again. For the first time ever, getting a mortgage was a simple and straight forward process. It made the stress of the situation significantly reduced!! The time lines she presented for the process were spot on.