Capital Home Mortgage Alaska

Alaska Non Qualified Mortgages

Non Qualified Mortgage Lender Alaska

Non-Qualified Mortgage Loans In Alaska

Homebuyers in Alaska have plenty of options when purchasing a house. Even when financing a home purchase, many mortgage options are available. From conventional conforming loans to government-guaranteed loans and everything in between, Alaskan homebuyers can find a home loan program that meets their specific requirements.

What is a Non-QM Loan?

A Non-Qualified Mortgage (Non-QM) Loan in Alaska is a form of home loan that does not comply with the Consumer Financial Protection Bureau’s (CFPB) existing standards on Qualified Mortgages (QMs). Non-QM loans, unlike QM loans, may not require proof of your ability to repay and may be based on alternate income verification methods, such as utilizing your assets as income. Non-QM loans in Alaska provide flexibility that may suit borrowers with unconventional financial profiles.

Advantages of Non-QM Loans

  • Flexibility

Non-qualified mortgage (Non-QM) loans provide enhanced underwriting criteria, rendering them available to self-employed individuals or individuals with unpredictable income sources.

  • Alternative Income Documentation

It is possible to meet the eligibility criteria by providing bank statements or demonstrating possession of assets instead of relying solely on conventional income documentation.

  • Higher Debt-to-Income Ratios

Certain Non-QM loans allow borrowers higher debt-to-income ratios, granting them greater flexibility in meeting the qualification criteria.

  • A Diverse Range of Programs

Non-qualified mortgage (Non-QM) loans may possess distinctive characteristics, such as the provision for interest-only payments or higher loan limits, which are not commonly found in conventional or Qualified Mortgages.

Types of Non-QM Loans

There are several types of Non-Qualified Mortgage loans. The most common among them are the following:

  • Stated Income, Verified Assets (SIVA)

These loans necessitate borrowers to declare their assets while not necessarily mandating the submission of income verification through conventional methods like W-2 forms or pay stubs.

  • No Income, Verified Assets (SIVA)

No Income, Verified Assets (NIVA) mortgages are a form of mortgage in which the lender does not evaluate the borrower’s income but does check their assets. These are a subset of no-income-verification mortgages, as opposed to No-Income, No-Asset (NINA) loans, which do not assess income and do not require asset verification.

  • Interest-Only Loans

An interest-only loan is one in which the borrower is required to pay just the interest costs for a set period of time, usually at the start of the loan term. During this time, the primary balance remains unaltered. Following the conclusion of the interest-only term, the borrower begins to pay off both the principal and the interest, either through a lump-sum payment or by switching to a conventional amortizing loan.

  • Foreign National Loans

A foreign national loan is a customized mortgage product designed to assist non-residents of the United States in financing real estate transactions in the country. Foreign national loans have different qualification standards than traditional mortgage loans. These loans are designed expressly to satisfy the financial needs and obstacles that foreign nationals may have while attempting to get a house loan in a country where they do not have citizenship.

  • Asset-Depletion Loans

An asset-depletion loan, also called an asset-dissipation loan, is a type of credit that lets people get loans based on their liquid assets instead of their income. This type of loan is usually for people with plenty of assets but a low income, making it hard to get a regular mortgage based on income.

  • Fix-and-Flip Loans

A fix-and-flip loan is short-term financing meant primarily for real estate investors. These loans are utilized to buy, refurbish, and resell a home for a profit. Unlike regular mortgage loans, fix-and-flip loans are not meant for long-term property ownership.

  • DSCR Loans

A DSCR loan (Debt Service Coverage Ratio) is a mortgage product commonly utilized for real estate investments. Unlike typical loans, which are concerned with the borrower’s income and credit score, a DSCR loan is concerned with the property’s ability to create enough income to repay loan obligations.

Apply for an Alaska Non-Qualified Mortgage Loan

Capital Home Mortgage is a leading Alaska mortgage lender and servicer offering a wide range of mortgage solutions. Our mortgage professionals have significant experience and can help you choose the best lending package for your financial situation and needs. Our Loan Officers give consumers the knowledge, assistance, and adaptability to choose the best mortgage package because each loan is unique. 

Call (907) 531-5048 to speak with our Alaska Home Loan Specialist about a Non-QM loan.

Why Alaska HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Alaska Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Alaska Mortgage Programs

Alaska Home Purchase

Thinking of Buying an Alaska Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Alaska renovation home loans

Looking to Rehab an Alaska Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Alaska FHA Home Loans

Great for 1st Time Alaska Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Alaska VA Home Loans

100% Financing for Alaska Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Alaska Conventional Home Loans

Flexibility for Alaska Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Alaska Jumbo Home Loans

Alaska Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Alaska USDA Home Loans

100% Rural Alaska Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Alaska Native American Home Loans

Alaska HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Alaska Manufactured Home Loans

Great Alternative Alaska Housing

Alaska reverse mortgages

Your Alaska Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Alaska Non QM Home Loans

Making Alaska Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Alaska One Time Close mortgages

Build Your Alaska Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Alaska Refinance Mortgage Loans

Alaska Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Alaska Cash-out Home mortgages

Alaska Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Alaska Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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