What is a Non-Qm loan? And how can I use it to buy my house?
BIG Mortgage Blogging: Real Estate Life Daily Updates Are you a self-employed individual or freelancer without W-2 forms? Don't give up on your dream of owning a home just yet! DocApply Mortgage Brokerage NMLS 2350637 presents: BIG Mortgage Blogging: Real Estate Life Daily Updates. Today, we're discussing non-QM loans and how they can help you buy a home without W-2s. Non-QM loans are designed for borrowers who don't meet the traditional requirements for a mortgage loan, such as having W-2 forms. Here's what you need to know about these unique loan programs: What is a Non-QM Loan? A non-QM loan is a type of mortgage loan that does not meet the standards set by the Consumer Financial Protection Bureau (CFPB). These loans are typically offered to borrowers who don't have W-2 forms or who don't meet other traditional requirements for a mortgage loan. Benefits of Non-QM Loans Non-QM loans offer several benefits for borrowers who don't have W-2 forms. These inclu...