Capital Home Mortgage Oklahoma

Oklahoma Non Qualified Mortgage Loans

Oklahoma Non Qualified Mortgage Lender

Welcome to Capital Home Mortgage Oklahoma, where we strive to provide Oklahoma homebuyers and homeowners a wide range of Oklahoma Non Qualified Home Loans.  As an Oklahoma 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 Oklahoma can guide purchasers through this non-traditional mortgage path, offering individualized solutions to resolve specific financial circumstances.  Our extensive experience and dedication to customer service make us a dependable option for Oklahoma Non-QM loans.

Call today (405) 310-8850 to speak with one of our Oklahoma Non-Qualified Home Loan Specialist

Oklahoma non Qualified Home Loans

What is an Oklahoma Non-Qualified Mortgage Loan?

A Oklahoma 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 Oklahoma 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.

Oklahoma non Qualified Home Mortgage Loans

Oklahoma 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

Oklahoma 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

Oklahoma 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

Oklahoma 1099 Mortgage Loans

A 1099 Home Loan is for underserved self-employed borrowers who are 1099 workers.  Many freelancers, contractors, economy workers or other self-employed borrowers who file using W-9s cannot qualify for a mortgage under Agency guidelines.  These borrowers can use 1099 earning statements in lieu of tax returns to qualify for a mortgage. The 1099 Income loan is an alternative loan solution that helps many self-employed 1099 earners achieve homeownership
  • 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

Oklahoma 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

Oklahoma 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

Oklahoma 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

Oklahoma 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 Oklahoma 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

Oklahoma Mortgage Company Reviews

Oklahoma Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132
Oklahoma Home Mortgage Programs

Oklahoma Home Purchase loans

Looking to Purchase an Oklahoma 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, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Oklahoma Renovation Home Loans

Looking to Rehab an Oklahoma Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Oklahoma FHA Home loans

Great 1st Time Oklahoma 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 Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Oklahoma va Home Loans

100% Financing for Oklahoma Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Oklahoma Conventional Home loans

Flexibility for Oklahoma 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 Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Oklahoma Jumbo Home Loans

Oklahoma Non-Conforming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Oklahoma USDA Home loans

Oklahoma 100% Rural 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.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Oklahoma Native american Home Loans

Oklahoma 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
  • Purchase, Refinance, and Renovation

Oklahoma Manufactured Home loans

Great Oklahoma Alternative Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Oklahoma Reverse Mortgage Loans

Your Oklahoma 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
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Oklahoma Non QM Home loans

Making Oklahoma Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Oklahoma One Time Close Home Loans

Build Your Oklahoma 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 Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Oklahoma Refinance Mortgage loans

Oklahoma 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.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Oklahoma Cashout Mortgage Loans

Oklahoma 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
  • Dream Vacation
  • Higher Education

Oklahoma Cities

Oklahoma City Home Loans

Tulsa Home Loans

Norman Home Loans

Broken Arrow Home Loans

Edmond Home Loans

Lawton Home Loans

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