Non-QM
WesAmerica Mortgage Corporation offers Non-QM (Non-Qualified Mortgage) loans, providing flexible and innovative financing solutions for borrowers who don’t fit into the strict guidelines of traditional “qualified mortgage” products. These loans are specifically designed for a wide range of borrowers, including self-employed individuals, real estate investors, those with complex income streams, or individuals seeking asset-based lending, offering an alternative path to homeownership or investment property acquisition.
Why Choose a Non-QM Loan?
Traditional mortgages often have rigid requirements that can exclude otherwise creditworthy borrowers. Non-QM loans fill this gap by focusing on alternative documentation and a broader assessment of your financial health and ability to repay. This flexibility makes them an excellent choice for:
- Self-Employed Borrowers: Qualify using bank statements, profit & loss statements, or asset-based income, rather than traditional tax returns.
- Real Estate Investors: Secure financing for multiple investment properties, often based on the property’s cash flow (like DSCR loans).
- Borrowers with Unique Income Streams: Ideal for those with commission-based income, gig economy earnings, or other non-traditional income sources.
- High Net Worth Individuals: Leverage assets instead of relying solely on documented income.
Foreign Nationals: Obtain financing without a social security number or extensive U.S. credit history.
Why Choose a Non-QM Loan?
Traditional mortgages often have rigid requirements that can exclude otherwise creditworthy borrowers. Non-QM loans fill this gap by focusing on alternative documentation and a broader assessment of your financial health and ability to repay. This flexibility makes them an excellent choice for:
- Self-Employed Borrowers: Qualify using bank statements, profit & loss statements, or asset-based income, rather than traditional tax returns.
- Real Estate Investors: Secure financing for multiple investment properties, often based on the property’s cash flow (like DSCR loans).
- Borrowers with Unique Income Streams: Ideal for those with commission-based income, gig economy earnings, or other non-traditional income sources.
- High Net Worth Individuals: Leverage assets instead of relying solely on documented income.
Foreign Nationals: Obtain financing without a social security number or extensive U.S. credit history.
Don’t let rigid traditional lending rules limit your real estate and financial goals. WesAmerica Mortgage Corporation specializes in providing Non-QM loan solutions that empower you to achieve your objectives.
