Non-QM Loans

Non-QM Loans

A non-conforming loan is a loan that fails to meet bank criteria for funding. Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit, the unorthodox nature of the use of funds, or the collateral backing it. In many cases, non-conforming loans can be funded by hard money lenders, or private institutions/money. A large portion of real-estate loans are qualified as non-conforming because either the borrower's financial status or the property type does not meet bank guidelines. Non-conforming loans can be either Alt-A or subprime loans.

The Gustan Cho Team at CrossCountry Mortgage The Gustan Cho Team at CrossCountry Mortgage Is A National Lender With No Overlays Over 75% of borrowers who consult The Gustan Cho Team at CrossCountry Mortgage NMLS 3029 are folks who either gotten...

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