What is a Non-QM Loan / Non-Qualified Mortgage

Non-QM Loans

A Non-QM loan, or a non-qualified mortgage, is a type of mortgage loan that allows you to qualify based on alternative methods, instead of the traditional income verification required for most loans.

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Business Purpose

DSCR

This is a mortgage option for borrowers who are looking to purchase or refinance N/O/O SFR, Condo, and 2-4-unit properties. Long term (30 years) loans with NO balloon payments and Interest only options are available. You can count on many options for prepayment privileges and impounding for your property taxes/insurance.

Business Purpose

NO DSCR

This is a mortgage option for borrowers who are looking to purchase or refinance N/O/O SFR, Condo, and 2-4-unit properties. Long term (30 years) loans with NO balloon payments and Interest only options are available. You can count on many options for prepayment privileges and impounding for your property taxes/insurance.

Get a rate in 60 minutes

Min loan $400,000 up to $10,000,000. Call 954-967-6600 or email contact@cityfirstmortgagecorp.com.

Get a rate in 60 minutes