Capital Home Mortgage San Antonio

San Antonio Non Qualified Mortgages

San Antonio Non Qualified Mortgage Lender

San Antonio Non-Qualified Mortgage Loans

Banks and lending institutions impose different requirements for loans, many of which might be difficult for the average American to obtain. On top of that, lenders can still charge overlays, making it even harder to access home loans. 

Suppose your current financial background doesn’t fit the eligibility requirements for traditional loans. In that case, you may be able to obtain the financing you need with a non-qualified (non-QM) mortgage instead. 

At Capital Home Mortgage, we offer non-QM loans to borrowers in San Antonio. This type of mortgage is an excellent source of financing for those with different employment characteristics or income-earning capabilities.

What is a Non-QM Loan?

Unlike conventional and FHA loans, a non-qualified mortgage loan is a non-traditional loan. These loans don’t comply with the minimum requirements set by the Feds. However, lenders often pattern their qualifications with standard loan requirements but modify some of them to match the kind of loan product. 

Non-QM loans are loans for borrowers with hard-to-verify income or those with unique credit issues.

Qualification Requirements for Non-QM Loans

Requirements are flexible for non-QM loans but can be similar to standard loans. Since non-QM loans can accept borrowers with an uncommon situation, employment, and credit backgrounds, expect lenders to ask for extensive documentation requirements that lenders will not ask if you apply for a traditional loan. 

Let’s discuss the three standard requirements in every non-QM loan.

  • Income and Employment

If you are gainfully employed but have past credit issues, non-QM lenders will still ask for proof of income, such as pay stubs, W-2 statements, and income tax returns. Business owners must submit bank and financial statements as proof of income and livelihood. However, here’s where non-QM loans come in. 

Lenders can ask for alternative documentation if you don’t have pay stubs or bank statements as proof. That’s why you need to find a lender willing to work with you based on your situation. For example, you can submit evidence of remittances if you’re receiving financial support from a loved one or relative. 

  • Debt-to-income Ratio

Standard loans often require DTI to be between 36% to 43% to qualify. However, non-QM lenders can accept higher DTI ratios of 50% or more. 

The debt-to-income (DTI) on Non-Qualified Mortgage loans varies from one investor to another. Some may go up to 50%, and others may have a ceiling of 45% or less.

  • Credit Score

Credit scores as low as 500 may suffice for FHA home loans. However, that would require a 10% down payment. Non-QM loans require a higher FICO score. You may negotiate the down payment that typically requires 10 – 20% of the purchase price, if not more, depending upon your situation.

Get a Non-Qualified Mortgage Today

Apply for a non-QM mortgage in San Antonio with Capital Home Mortgage today. Call (210) 634-1225 to get started with a no-obligation quote.

Why San Antonio 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

San Antonio 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

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

San Antonio Texas Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

San Antonio Mortgage Company Reviews

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