Laredo Non Qualified Mortgage Lender
Non-Qualified Mortgage In Laredo
According to the Dodd-Frank Wall Street Reform and Consumer Protection Act, a significant piece of legislation passed in 2010 to reform the financial system, a qualified mortgage is a mortgage that satisfies specific requirements for lender protection and secondary market trading.
The Dodd-Frank Wall Street Reform and Consumer Protection Act includes provisions designed to safeguard borrowers and the financial system from the reckless lending practices that contributed to the 2007 subprime mortgage crisis. The Act aimed to reduce the overall risk that mortgages produce in the financial system by increasing incentives for supplying higher-quality home loans in both the primary and secondary markets.
Mortgage lenders must determine your ability to repay the loan. Additionally, the preceding restrictions safeguard buyers from unsafe loans. These minimal requirements for eligible mortgages are included in the 2010 Consumer Protection Act and Dodd-Frank Wall Street Reform and Consumer Protection Act.
What is a Non-Qualified Mortgage?
Inversely, a non-qualified mortgage (Non-QM) is a home loan that doesn’t meet all of the requirements of the Dodd-Frank Act for protecting consumers. Non-QM loans are designed to assist house buyers who do not meet the stringent requirements of a qualifying mortgage.
A non-qualified mortgage is a type of mortgage loan that allows you to qualify for the loan based on other methods, as opposed to the typical income verification necessary for most loans. This type of mortgage loan is also known as an unconventional mortgage. Non-QM loans make it possible for a wider variety of people to participate in the real estate investment market because their qualifying requirements are less stringent than those of QM loans.
Benefits of Non-QM Loans
Non-QM loans are the only option for many people interested in purchasing a home or investing in real estate because they are the only method to make investment opportunities feasible.
A non-qualified mortgage (non-QM) loan is advantageous for several reasons, the most significant of which is that it enables buyers with poor credit scores to acquire real estate. People who are self-employed, own their businesses, or are in non-traditional jobs are subject to fewer restrictions regarding the documentation of their income. Additionally, applying for a non-qualified mortgage is almost as simple as applying for a conventional loan.
Apply for a Non-QM Loan in Laredo
Apply for a non-QM mortgage in Laredo with Capital Home Mortgage today. To schedule a no-obligation consultation, call (956) 307-3422.
Why Laredo HomeBuyers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates and Low Fees
Exceptional Service
7 Day a Week Support Application to Final Mortgage Payment
Laredo 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 the mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Texas Mortgage Programs
Texas Home Purchase
Thinking of Buying a Texas 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
Texas renovation home loans
Looking to Rehab a Texas 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
Texas FHA Home Loans
Great for 1st Time Texas 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
Texas VA Home Loans
100% Financing for Texas 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
Texas Conventional Home Loans
Flexibility for Texas 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
Texas Jumbo Home Loans
Texas 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
Texas USDA Home Loans
100% Rural Texas 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
Texas Native American Home Loans
Texas 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
Texas Manufactured Home Loans
Great Alternative Texas 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
- OTC Land/ Home Combo
- Lock Rate Before Completion
- FHA, VA, USDA, & Native Loans
Texas reverse mortgages
Your Texas 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
Texas Non QM Home Loans
Making Texas 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
Texas One Time Close mortgages
Build Your Texas 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
Texas Refinance Mortgage Loans
Texas 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
Texas Cash-out Home mortgages
Texas 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
