Credit scores to low 5's depending on situation (including jumbo loans)
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Non QM Home Mortgage Loans
A Non-Qualified Mortgage is any home loan that doesn't comply with the consumer financial protection bureau's (CFPB) existing rules on Qualified Mortgages. A qualified mortgage meets standards set forth by the federal government and defined by the CFPB and designed to create safe loans by prohibiting or limiting certain high risk products and features we saw with sub prime lending that lead to the mortgage crisis. Make sense non qm loans were a bit slow coming back to mortgage markets but there are now some great products for just about any situation.
Minimum Loan amount of 75000 for most programs. Take a look at our Non-Prime example below that's great for bill/debt consolidation mortgages to reduce your monthly payments.
Credit scores to low 5's depending on situation (including jumbo loans)
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For additional information contact our Home Loan Specialist at 256-New-Loan in Gadsden, or 256-Refi-Pro for our Fort Payne office. You can always apply online 24/7 and we will contact you immediately.