Flexible Non-QM Home Loan Solutions at FNBA

At First National Bank of America (FNBA), we understand that most traditional lenders have a ‘one-size, fits all’ approach to mortgages and that their guidelines, often times, exclude well qualified people. We aim to redefine your mortgage experience, providing you the opportunity to fulfill your dream of homeownership through non-qm home loan solutions that are as unique as you!

Who Can Benefit From Non-QM Loans?

Non-QM loans have more flexibility in underwriting guidelines and provide the opportunity of homeownership for borrowers that conventional lenders tend to deem to risky due to their non-salaried income, less than perfect credit history – or people who just don’t fit the criteria for a ‘qualified’ mortgage.

People who are self-employed

While standard or traditional mortgages require tax returns for documenting self-employment income, Non-QM loans allow you to utilize alternative documents such as your business profit and loss statement or bank statements to prove your income.

People with a high net worth

Non qm home loans provide a flexible income documentation option known as ready asset. This income approach allows you to utilize seasoned assets to document your proof of adequate income.

People with only an ITIN

Non-QM home loans can benefit individuals that are living and working in the U.S legally but are not citizens. These loans allow you to utilize the individual tax identification number (ITIN) given to you by the Internal Revenue Service instead of a social security number.

 

With over 65 years of mortgage lending experience, our team understands the dynamics of Non-QM lending and we are ready to walk you through the process from beginning to end.               

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Non-QM Loan Program Highlights

  • Minimum Down Payment of 15% is Required
  • Gift Funds Allowed
  • Use Tax Return or Bank Statements to Document Income
  • Most Property Types Accepted
  • Quick Closings
  • Fixed Rate Mortgage with 15, 20, or 30 Year Term
  • Up to 55% Debt Ratio allowed
  • Bilingual language support in English and Spanish

Non-QM Mortgage Solutions

If you have been turned down for a mortgage…we can help!

Let us take the stress out of getting a mortgage so you can keep focusing on your business! Our mortgage options allow you to document your income with your Profit and Loss statement or your business/personal Bank Statements to make it easier on you! Minimum down payment of 15% is required. Gift funds accepted with a minimum down payment of 20%.

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We specialize in mortgage solutions for individuals that only have an Individual Tax Identification Number (ITIN). Our ITIN loan programs are available in all 50 states! Minimum down payment of 15% is required. Gift funds allowed with a minimum down payment of 20%.

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Alternative Income Documentation Options:

  • Profit & Loss statement; an Alternative to using your Bank Statement
  • 12 months of Bank Statements; Traditional or Expense Ratio
  • Asset Depletion – Supplement income with seasoned assets
  • Ready Asset – Use your assets to qualify rather than your income
  • Full Documentation – standard income qualifications; W-2s w/pay stubs, Tax Returns, VOE, SSN Award letter

Previous bankruptcy, foreclosure, short sale and modifications are ok.  You don’t have to wait a couple  years to buy a new home, we have loan programs that help you start getting back on your feet as soon as the day after your credit event! Minimum of 15% down is required. 

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Purchase, Refinance or Consolidate Debt with a Non-QM loan today!

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