Capital Home Mortgage
South Carolina
South Carolina
South Carolina Non Qualified Mortgage Loans
South Carolina Non Qualified Mortgage Lender
Welcome to Capital Home Mortgage South Carolina, where your unique financial situation is our top priority. You deserve a mortgage solution that fits your specific needs, and as a trusted South Carolina Non-Qualified Mortgage Lender, we are here to provide just that. Whether you are self-employed, an investor, a non-citizen, or someone who relies solely on assets for qualifying, you can trust our team to guide you through every step of your mortgage journey.
You have access to a range of alternative financing options designed to address the challenges of non-traditional mortgage scenarios. We take the time to understand your financial background and offer individualized solutions that include a thorough evaluation of South Carolina Non-Qualified Rate options. You deserve a process that is transparent, tailored, and supportive—one that not only meets your current needs but also sets you up for future success.
At Capital Home Mortgage South Carolina, your peace of mind is our commitment. With our extensive experience and unwavering dedication to customer service, you can rely on us to turn complex mortgage challenges into a clear path toward homeownership. You are not just another client; you are a valued partner, and we are here to ensure that every step of your home financing experience is smooth and stress-free.
Don’t let traditional mortgage limitations hold you back. Call us today at (803) 769-7772 to speak with a South Carolina Non-Qualified Mortgage Specialist and start unlocking the door to your future.
South Carolina non Qualified Home Loans
What is a South Carolina Non-Qualified Mortgage Loan?
Non-Qualified Mortgage (Non-QM) loans in South Carolina offer flexible financing solutions for borrowers who don’t fit the traditional mold. Unlike conventional loans that adhere strictly to standardized guidelines, Non-QM loans are designed for individuals with unique financial situations. These loans cater to self-employed professionals, real estate investors, non-citizens, and others who may have non-traditional income documentation or higher debt-to-income ratios that might otherwise disqualify them from standard mortgage programs.
The eligibility criteria for Non-QM loans are broader than those for Qualified Mortgages. Lenders assess your financial profile using alternative documentation, such as bank statements, asset-based income, or a more comprehensive view of your creditworthiness. This flexibility enables borrowers who have strong overall financial profiles—but may lack the typical income verification required by traditional lenders—to access home financing. In South Carolina, this approach has opened doors for many who might have otherwise struggled to secure a mortgage.
Non-QM loans come with features that reflect their flexible underwriting standards. While these loans often offer competitive terms, they can sometimes carry higher interest rates and different fee structures compared to conventional loans, due to the additional risk assumed by the lender. However, the structure of these loans is customizable, allowing for tailored solutions that meet the unique needs of each borrower. Lenders typically provide a variety of rate options, repayment structures, and loan terms to ensure that the financing aligns with the borrower’s specific circumstances.
Non-QM loans in South Carolina provide an invaluable alternative for those facing unique financial challenges. They offer the opportunity to secure home financing when traditional pathways may not be available, turning potential obstacles into opportunities for homeownership. If your financial profile is unconventional, exploring Non-QM options can be a smart way to access tailored mortgage solutions that work for you.
South Carolina non Qualified Home 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
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
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
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
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
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
South Carolina 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
South Carolina Non Qualified Mortgage Rates
Interests rates are calculated using several factors. Depending on the type of mortgage you are looking at and the impact of the items below can determine the interest rates.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Why South Carolina is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Competitive Rates & Fees
Direct Lender with Complete Mortgage Programs
Exceptional Service
Customer Support Application to Final Payment
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Tennessee Mortgage Team
Tennessee Mortgage Programs
Tennessee Purchase loans
Looking to Purchase a Tennessee 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
- Competitive Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Tennessee Renovation Home Loans
Looking to Rehab a Tennessee 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
Tennessee FHA Home loans
Great 1st Time Tennessee 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
Tennessee va Home Loans
100% Financing for Tennessee 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
Tennessee Conventional Home loans
Flexibility for Tennessee 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
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Tennessee Jumbo Home Loans
Tennessee Non-Confirming 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
Tennessee USDA Home loans
100% Tennessee 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.
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Tennessee Native american Loans
Tennessee 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
Tennessee Manufactured Home loans
Great Tennessee 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
Tennessee Reverse Mortgage Loans
Your Tennessee 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
Tennessee Non QM Home loans
Making Tennessee 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
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
Tennessee One Time Close Home Loans
Build Your Tennessee 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
Tennessee Refinance Mortgage loans
Tennessee Rate & Term Refinance
Refinancing can be a hard decision and may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Tennessee Cashout Mortgage Loans
Tennessee Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home. Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
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