Non Qualified Mortgage Lender
Welcome to Capital Home Mortgage, where we strive to provide homebuyers and homeowners a wide range of Non Qualified Home Loans. As a Non-Qualified Mortgage Lender we offer alternative mortgages to meet the needs of the self employed, investors, non citizens, and those needing to use assets only for mortgage qualifying.
Capital Home Mortgage can guide purchasers through this non-traditional mortgage path, offering individualized solutions to resolve specific financial circumstances including the evaluation of Non Qualified Rate options. Our extensive experience and dedication to customer service make us a dependable option for Non-QM loans.
Call today (800) 804-5181 to speak to a Non Qualified Mortgage Specialist.
Non Qualified Home Loans
What is a Non-Qualified Mortgage Loan?
A Non-Qualified Mortgage, often known as a Non-QM loan, allows you to qualify using techniques other than the typical income verification necessary for most loans. They are so-called because they do not meet the Consumer Financial Protection Bureau’s (CFPB) requirements for a qualifying mortgage. Non-QM loans can include many mortgages, including those with terms longer than 30 years and those that fail to meet agency-standard documentation requirements.
While non-QM loans may have higher fees and be perceived as riskier due to more flexible qualification guidelines, they have evolved through time to give alternative financing options. They are especially beneficial for those who may not qualify for a loan based on traditional income verification or who have a non-traditional income source opening up real estate investment prospects to a broader set of people. Additionally, these loans offer second changes for someone with past credit issues, such as bankruptcy or foreclosure without the substantial waiting period required by traditional lending.
Capital Home Mortgage offers homebuyers pursuing non-QM loans a substantial advantage. These loans are designed for those who cannot meet the stringent requirements for a conventional mortgage, such as self-employed individuals, real estate investors, and those with exceptional financial circumstances. Non-QM loans provide flexibility, enabling borrowers to purchase or refinance without W2s by utilizing 1099s, bank statements, assets, or debt coverage ratios. Even though they typically carry higher interest rates due to the increased risk, they provide an invaluable opportunity for those who may not qualify for conventional loans.
non Qualified Home Mortgage Loans
DSCR Mortgage Loans
A DSCR loan, or debt service coverage ratio loan, is a type of mortgage loan used for purchasing short-term or long-term rental investment properties. With a DSCR loan, borrowers can qualify for a mortgage based on a property’s rental analysis. No personal income or employment information is required to qualify. Debt service coverage ratio or DSCR is a measurement of a property’s expected cash flow to determine ability to repay a mortgage loan. It is calculated by dividing the borrower’s net operating income by their debt obligations, including the debt payment.
- Purchase, Rate & Term, Cash-Out
- Minimum Credit 660
- Maximum LTV 85% (Dependent on Property Type / Credit Score)
- Qualify based on Property Income
- DSCR < 1.0 and No DSCR Options
- No Employment or Income Information Required
- LLC’s Allowed
- Interest Only Allowed
- No Limit on Total Properties
- Short Term Rentals Allowed
- Vacant Properties Eligible
- Non-Warrantable Condos Allowed
- No Condo Hotels
- Non-Permanent Residents Allowed
- Minimum Loan 100K
- Maximum Loan 3M
Bank Statement Mortgage Loans
A bank statement loan is a type of mortgage that allows self-employed borrowers to verify their income based on their personal or business bank statements, rather than traditional methods like tax returns, W-2s, or paystubs. Bank statement loans are generally used by self-employed individuals, small business owners, or independent contractors. Borrowers do not have to own 100% of the business. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.
- Purchase, Rate & Term, Cash-Out
- Primary, Secondary and Investment
- Minimum Credit 640
- Maximum LTV 90%
- 12 or 24 Months Business or Personal Bank Statements
- Most loans will be qualified on an expense factor of 50%
- Rates are 30-year fixed
- Interest Only Options
- Two Year Seasoning Foreclosures / Bankruptcy
- Minimum Loan 150K / Maximum Loan 3M
P&L Mortgage Loans
1-year and 2-year Profit & Loss Statement Home Loans tailored for self-employed individuals. These loans allow borrowers to use their business’s Profit & Loss (P&L) statement to qualify, bypassing traditional income verification
- Purchase, Rate & Term, Cash-Out
- Primary Residence Only
- No Employment, No Income, No DTI
- Minimum Credit 700
- Maximum LTV 75%
- 12 or 24 Months Business or Personal Bank Statements
- 2 Months Business Statements Supporting income
- Single Business Only
- Two Year Seasoning Foreclosures / Bankruptcy
- Minimum Loan 150K
- Maximum Loan 3M
1099 Mortgage Loans
- Purchase, Rate & Term, Cash-Out
- Primary, Secondary and Investment
- Minimum Credit 620
- Maximum LTV 90%
- No Tax Returns Required
- YTD Earnings Verified
- Single Employer Only
- Two Year Seasoning Foreclosures / Bankruptcy
- Interest Only Available
- Minimum Loan 150K / Maximum Loan 3M
ITIN Mortgage Loans
Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a mortgage as long as they meet the eligibility requirements. ITIN loans are full doc non-QM mortgages offering flexibility for individuals residing in the United States.
- Purchase, Rate & Term, Cash-Out
- Primary Only
- Minimum Credit 640
- Maximum LTV 75%
- Up to 50% DTI
- Non Warrantable Condos Allowed
- One Year Seasoning Foreclosures
- Two Year Seasoning Bankruptcy
- Minimum Loan 125K
- Maximum Loan 2.5M
Asset Qualifier Mortgage Loans
The Asset Qualifier loan program is for borrower’s to qualify using their liquid assets. No employment, income or DTI is required to justify ability-to-repay. Borrower to qualify based on required assets that meet seasoning requirements. Designed to help retirees, self-employed, and other borrowers with required seasoned assets to purchase or refinance.
- Purchase, Rate & Term, Cash-Out
- Primary Residence Only
- No Employment, No Income, No DTI
- Minimum Credit 700
- Maximum LTV 75%
- 12 or 24 Months Business or Personal Bank Statements
- Rates are 30-year fixed
- Interest Only Options
- All Assets Sourced and 6 Month Seasoned
- 500K Required in Post Closing Assets
- Five Year Seasoning Foreclosures / Bankruptcy
- Minimum Loan 250K / Maximum Loan 3M
Foreign National Mortgage Loans
Foreign National Home Loans are for individuals wanting to purchase or refinance property in the US, but reside outside of the country. This program is a DSRC program that requires a 1:1 debt service coverage ratio. No income and US credit required.
- Purchase, Rate & Term, Cash-Out
- Minimum Credit N/A
- Maximum LTV 70%
- Qualify based on Property Income
- DSCR 1.1
- LLC’s Allowed
- Interest Only Allowed
- 12 Months Reserves
- No Gifts Allowed
- No Limit on Total Properties
- Short Term Rentals Allowed
- Vacant Properties Eligible
- Must Reside outside US
- Must Have Valid Visa – B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2
- Minimum Loan 100K / Maximum Loan 1.5M
Non Qualified 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
Why 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 Payment
Capital Home Mortgage Company Reviews
Home Mortgage Programs
Home Purchase loans
Looking to Purchase a Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Renovation Home Loans
Looking to Rehab a Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
FHA Home loans
Great 1st Time Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
va Home Loans
100% Financing for Vets
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Conventional Home loans
Flexibility for Homebuyers
- Primary, 2nd Home, Investment Properties
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Jumbo Home Loans
Non-Conforming Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
USDA Home loans
100% Rural Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Native american Home Loans
Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Manufactured Home loans
Great Alternative Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Reverse Mortgage Loans
Your Home at Work
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Non QM Home loans
Making Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
One Time Close Home Loans
Build Your Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Refinance Mortgage loans
Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Cashout Mortgage Loans
Equity Mortgage Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
