Non-QM (Non-Qualified Mortgage) loans, available through Ferrari Lending, provide alternative financing options for borrowers who may not meet the stringent requirements of traditional mortgage programs. These loans cater to individuals with unique financial circumstances, allowing them to secure funding for purchasing or refinancing residential properties. Here are some types of Non-QM mortgage loans offered by Ferrari Lending:
1. Bank Statement Loans: Ideal for self-employed borrowers, these loans allow applicants to use bank statements as proof of income instead of traditional tax returns or W-2 forms.
2. Asset Depletion Loans: Designed for borrowers with substantial assets but limited income, these loans consider the borrower's assets as a source of income to qualify for a mortgage.
3. Foreign National Loans: Tailored for non-U.S. citizens, these loans enable foreign nationals to purchase property in the United States without requiring a Social Security Number.
4. Investor Cash Flow Loans: Geared towards real estate investors, these loans evaluate the property's potential cash flow as the primary factor for qualification, rather than the borrower's personal income.
5. ITIN Loans: Available for individuals with an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number, these loans provide financing options for non-U.S. citizens and immigrants.
Experience the flexibility and personalized service of Ferrari Lending's Non-QM mortgage loans – your trusted partner in unconventional financing solutions. Contact us today to explore how we can help you achieve your homeownership or investment goals with confidence.
Thank you for considering Ferrari Lending! To help us better assist you, please send a brief message with your mortgage needs, along with your name, email, and phone number. Whether it’s about interest rates, down payments, or other questions, we’re here to provide tailored guidance. We look forward to helping you secure the perfect mortgage!
I represent clients who authorize me to do so. I do not work for or represent the interest of any mortgage lender or other duly authorized entity to whom I may submit a mortgage application on behalf of a Client. My services are provided in a Mortgage Broker capacity and I am not authorized to approve or deny a mortgage loan request. NMLS 1691763 / NMLS 1322774