Capital Home Mortgage Arizona

Arizona Non Qualified Mortgages

Non Qualified Mortgage Lender Arizona

Non-Qualified Mortgage Loans In Arizona

What are Non-QM Loans?

A non-qualified mortgage loan, or non-QM loan, does not satisfy the Consumer Financial Protection Bureau’s (CFPB) strict lending requirements for qualified mortgages. After the 2008 housing market collapse, these requirements were implemented to guarantee that borrowers could repay their loans. A non-QM loan may be considered if the borrower’s income or credit history does not meet these requirements.

Non-QM loans are offered to applicants who do not meet conventional lending criteria, with flexible income and credit requirements. However, borrowers may be required to make a larger down payment and pay a higher interest rate in exchange for this flexibility. Those with unusual financial situations or subpar credit histories may find them helpful.

Types of Non-QM Loans

Non-QM loans come in many forms, each designed to meet a specific subset of borrowers’ unique needs. These are some of them:

These loans are designed for self-employed borrowers and do not require typical income documentation such as W-2s or pay stubs. Borrowers can instead qualify with as few as twelve months of bank statements. This enables lenders to evaluate borrowers’ cash flow based on their business revenue.

  • Asset-Based Loans

Borrowers can use these loans to leverage assets they already own, such as checking and savings, investment, and retirement accounts—this type of loan benefits borrowers with substantial assets but a low income on paper.

These non-QM loans exceed Fannie Mae and Freddie Mac’s conforming loan limits. Borrowers looking to buy more expensive properties frequently use them. These borrowers may have a high income and excellent credit, but they require a loan amount more significant than the conforming loan restrictions.

  • Investor Cash Flow Loans

These loans are intended for rental property owners. These loans qualify based on the cash flow of the financed property rather than the borrower’s income. This is advantageous for investors who own rental properties that generate significant revenue.

Also known as DSCR loans – Debt Service Coverage Ratio – these loans are distinct in that they are not based on the borrower’s income or credit score but rather on the amount of monthly cash flow a business or investment property generates compared to the amount of debt service payments the business or individual must make.

Traditional mortgage lenders examine the borrower’s income to determine eligibility, while DSCR lenders examine the investment property’s cash flow. This makes real estate investing more accessible to a broader spectrum of individuals, including those who may have trouble qualifying for conventional loans due to income or credit history. 

Pros and Cons of a Non-QM Loan

Non-QM loans provide a feasible financing option for people not qualifying for traditional mortgages. They do, however, come at a higher risk and cost. Non-QM loans have the following advantages and disadvantages:


  • Flexibility

Non-QM loans are typically more flexible than conventional mortgages and have less stringent credit and financial requirements. They can accommodate borrowers with complicated income histories or significant credit blemishes, making them a possible option for self-employed individuals, real estate investors, and others who do not satisfy the stringent requirements of conventional mortgage loans.

  • Alternative for Non-Traditional Borrowers

Non-QM loans offer an alternative to borrowers not eligible for a QM loan. This includes freelancers, independent contractors, and small business proprietors who may have difficulty obtaining a conventional mortgage.

  • Attractive for Real Estate Investors

Non-QM loans are preferable for real estate investors purchasing investment properties when traditional financing options are unavailable.


  • Higher Risk

Non-QM loans typically carry a higher default risk than conventional mortgages due to their less stringent requirements.

  • More Expensive

Due to the higher risk associated with these loans, they are typically substantially more costly than conventional mortgages.

  • Not Backed by Government Entities

Non-QM loans are not eligible for purchase by Freddie Mac or Fannie Mae, thus not backed by the government. This implies they may have different safeguards and benefits than these forms of loans.

  • Potentially Less Stable

Because non-QM loans are made to people with unusual incomes or credit histories, there may be less certainty in a borrower’s capacity to repay, potentially leading to a less stable lending scenario.

Apply for a Non-QM Loan with Capital Home Mortgage

Using Capital Home Mortgage for a non-QM loan has several advantages for Arizona home buyers. Non-QM loans are ideal for those who may not meet the qualification requirements for conventional mortgages. They can be a game-changing lending solution, particularly for those who have yet to be given a chance to realize their homeownership dreams through traditional mortgages. These loans may be suitable for borrowers with non-standard or varying forms of income who have sufficient income or assets to afford homeownership. Non-QM loans may be more suited for self-employed, real estate investors, and jumbo borrowers, as these flexible mortgage options can better accommodate their unique financial situations. Capital Home Mortgage offers borrowers a streamlined process for Non-QM loans with competitive interest rates and closing costs.

Call (480) 360-6650 to speak with one of our Arizona Home Loan Specialists about Non-Qualified Mortgage loans.

Why Arizona 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

Arizona 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
Arizona Mortgage Programs

Arizona Home Purchase

Thinking of Buying an Arizona 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

Arizona renovation home loans

Looking to Rehab an Arizona 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

Arizona FHA Home Loans

Great for 1st Time Arizona 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

Arizona VA Home Loans

100% Financing for Arizona 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

Arizona Conventional Home Loans

Flexibility for Arizona 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

Arizona Jumbo Home Loans

Arizona 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

Arizona USDA Home Loans

100% Arizona Rural 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

Arizona Native American Home Loans

Arizona 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

Arizona Manufactured Home Loans

Great Alternative Arizona Housing

Arizona reverse mortgages

Your Arizona 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

Arizona Non QM Home Loans

Making Arizona 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

Arizona One Time Close mortgages

Build Your Arizona 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

Arizona Refinance Mortgage Loans

Arizona 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

Arizona Cash-out Home mortgages

Arizona 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

Arizona Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Jordan Mowrey

SR Loan Officer
NMLS 210325

Brad Rund

Business Dev Manager
NMLS #224674

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