Non Conventional Loan

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Unconventional Mortgages

Unconventional mortgages, also known as non-conventional loans, are regaining popularity, offering borrowers with undocumented income streams a pathway to homeownership. While this trend opens new opportunities, it’s essential to weigh the potential risks carefully to decide if this approach suits your situation. These loans serve as alternatives for individuals who don’t meet traditional income documentation criteria, providing more flexibility in achieving their homeownership goals.

Using Home Equity for Cash

“I have equity but need quick access to cash.” Many borrowers possess substantial equity in their property but require fast funding. With numerous institutional and private lenders available, non-conventional loans can often be secured within 21-30 days. These loans focus on property equity rather than credit or income, streamlining the process. Ideal for residential, commercial, and apartment properties over $10 million, they are a favored choice for developers and corporations looking to start their next project while properties are still on the market.

01. Foreign National Borrowers

“I spend a lot of time in the US and want to buy a home”

We offer a variety of non conventional loan types to clients that are not citizens or residents of the United States, these loans require no credit, no FICO score, no social security number, no US address and no green card. We have programs that can help.

02. Non-Warrantable Condo

The condominium faced certain legal challenges." Most major banks and lenders enforce strict criteria for approving loans on condominium projects. If a condo is labeled as non-warrantable, securing financing through traditional banks becomes challenging. However, a non-conventional loan can still be obtained by working with a nontraditional mortgage lender, offering a viable solution for such scenarios.

03. Low Income / High Assets

"I don’t earn much regular income, but I have substantial assets." Some borrowers, such as retirees, may not have a traditional job income. However, their financial stability often lies in significant savings or other assets.

Self Employed

“I report minimal income due to business write-offs.” Many successful business owners generate millions in annual revenue, but their taxable income appears low—or even negative—on personal tax returns due to extensive deductions. With innovative non-conventional loan programs, we can secure financing efficiently, bypassing traditional income-based requirements. Reach out for more details!

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VOE Mortgage

“I’ve been turned down for other loan options.” A VOE (Verification of Employment) Mortgage provides an alternative financing solution without requiring W-2s, pay stubs, or tax returns. Instead, all verification is conducted directly with your employer. This program is ideal for salaried employees or wage earners and offers flexible terms, including a 30-year fixed loan or a 7/1 ARM with fixed interest for the initial period.

Key Requirements:

Minimum FICO: 620 with a 3.5% down payment.
Primary Residence: Eligible only for owner-occupied properties, not investments.
Gift Funds: 100% of down payment, closing costs, or reserves can come from gift funds.
Employer Verification: The employer must have an online presence with up-to-date information on a third-party site like Google, Manta, or Yellow Pages.

This streamlined process eliminates the need for complex documentation, making it easier to secure financing.