Non-QM loans
For the 16.5 million self-employed workers who make up 10.4% of the U.S. workforce, securing home financing isn’t always straightforward. That’s where a bank statement home equity loan comes in handy – it’s a flexible option designed for people with non-traditional income to tap into their home’s equity without relying on W2s or tax returns. […]
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For millions of Americans, conventional mortgage lenders don’t always provide flexible options they need to secure financing on a new home. Because of this, it’s no wonder why non-QM (non-qualified mortgage) loans, designed for those with unique financial situations, have grown to make up 5% of the total mortgage market as of mid-2024 – a
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If you’re a borrower who doesn’t have a traditional income, unconventional mortgage lenders can be a game-changer. Serving groups like self-employed individuals, retirees, real estate investors, and high-net-worth individuals with limited documented income, these lenders specialize in non-QM (non-qualified mortgage) loans that offer flexibility and customizable solutions. In fact, non-QM loans now make up approximately
Top Unconventional Mortgage Lenders for Unique Borrowers Read More »
Wondering about a fix and flip loan Texas? Discover the ins and outs of fix and flip financing with our comprehensive guide.
Fix and Flip Loan Texas: A Guide for Investors Read More »
Investing in real estate has never been more promising, with rising multi-family rents and capital appreciation driving opportunities for investors. Across the country, multi-family rents increased 2.6% year-over-year as of July 2024, which indicates steady growth. On top of that, the typical real estate investor’s property sold for $190,404 more than its purchase price as
DSCR Loan Mississippi: Unlock Investment Opportunities Read More »
If you’ve been wondering how to prove income when self employed to get a mortgage, you’re not alone. In the U.S., self-employed individuals make up 10.1% of the workforce, or nearly 16.2 million people, as of January 2023. This demographic represents a significant chunk of the workforce that’s often overlooked by conventional lenders. Even though
How to Prove Income When Self Employed to Get a Mortgage Read More »
Defy Mortgage, LLC is a direct lender and licensed under NMLS #2383214, 1030 16TH AVE S FL 2, Nashville, TN 37212. Licensed under the Oregon Consumer Finance Act. Georgia Residential Mortgage Licensee # 2383214. Defy Mortgage, LLC, Loans made or arranged pursuant to a California Financing Law license – License # 60DBO-173959. Available in select states.
