Capital Home Mortgage Austin

Austin Non Qualified Mortgages

Austin Non Qualified Mortgage Lender

Austin Non-Qualified Mortgage

Many Americans can’t get to the cut with traditional mortgage eligibility requirements. Some applicants may only meet some criteria, resulting in a rejected application. And yet, they still need the funding to afford their dream homes. 

The good news is just because you do not qualify for conventional mortgage loans doesn’t mean you can’t get the financing you need. Capital Home Mortgage offers a solution through our non-qualified mortgage loan.

What is a Non-QM Loan?

A non-qualified mortgage or non-QM loan is a home mortgage loan that doesn’t meet the Consumer Financial Protection Bureau (CFPB) requirements. Not meeting the requirements doesn’t mean that non-QM loans are illegal. The CFPB requirements only aim to protect the interests of the borrowers and lenders. 

CFPB requires “good faith determination” of the borrower’s ability to pay. Since they only want to protect the interests of both parties, the CFPB prevents predatory lenders from victimizing borrowers and protects borrowers from exorbitant terms. In a non-QM loan, the lender need not perform good faith determination. 

Non-qualified mortgage loans offer an avenue to purchase home financing outside traditional home loan programs. 

Are non-QM loans risky? Yes, they are. The CFPB cannot protect homebuyers in worst-case scenarios.

Are Non-QM Loans Safe?

Since non-QM loans are risky, does that mean they aren’t safe? It depends on the lender. As the borrower, you must ensure the lending company’s legitimacy before engaging with them. You may contact the CFPB to gather information about the lending company. If you find a decent and good lender, there’s no need to worry about getting non-QM loans from them.

Non-QM loans become unsafe if you get them from loan sharks or predatory lenders. These lenders are illegal and charge exorbitant interest rates and harsh mortgage terms. Avoid them as much as possible, even if they offer you quick cash. 

Capital Home Mortgage is a client-first lending institution. We put your interests in mind and find ways we can meet in the middle ground.

What are The Requirements of Non-QM?

There are no standard requirements for non-QM loans. But to give you an idea, you can check CFPB requirements as a starting point. The basic requirements of a Non-QM are as follows:

  • A credit score of at least 620 for conventional financing
  • Income tax returns (W-2s or 1099s)
  • Business tax returns
  • Proof of income (pay stubs, proof of deposits)
  • Certificate of employment for employed
  • Financial statements for businesses

From the list above, tick those you meet, then take note of those you don’t have. Visit us at Capital Home Mortgage to discuss the requirement/s that you can’t meet, and we’ll find a workaround.

Get a Non-QM Loan in Austin Today

Capital Home Mortgage strives to deliver an enjoyable home-buying experience, whether securing traditional mortgages or non-QM loans. We cater directly to your needs and provide professional assistance throughout the loan process. 

Let’s discuss how our non-QM loans in Austin can help secure homeownership today. Call us at (512) 237-7400 to start the application.

Why Austin 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

Austin 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
Austin Mortgage Programs

Austin Home Purchase

Thinking of Buying an Austin 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

Austin renovation home loans

Looking to Rehab an Austin 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

Austin FHA Home Loans

Great for 1st Time Austin 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

Austin VA Home Loans

100% Financing for Austin 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

Austin Conventional Home Loans

Flexibility for Austin 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

Austin Jumbo Home Loans

Austin 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

Austin USDA Home Loans

100% Rural Austin 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

Austin Native American Home Loans

Austin 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

Austin Manufactured Home Loans

Great Alternative Austin Housing

Austin reverse mortgages

Your Austin 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

Austin Non QM Home Loans

Making Austin 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

Austin One Time Close Home Loans

Build Your Austin 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

Austin Refinance Mortgage Loans

Austin 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

Austin Cash-out Home mortgages

Austin 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

Austin Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

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