This site was created to focus entirely on non-QM loans, which we feel will become a popular type of home loan over time.
At the moment, most banks and lenders are still learning to comply with the new rules adopted by the Consumer Financial Protection Bureau (CFPB).
But in the near future, non-QM lending could become a very popular niche product for many mortgage lenders nationwide.
The goal of this website is to provide timely, accurate information about non-QM lending to the general public to help them better understand these loans and the options available to them.
We understand that non-QM lending is in its infancy, so we will do our best to update the site early and often to keep up with the ever-changing environment.
If you are a lender that offers non-QM loans, please leave a comment on that page with pertinent details so we can add your offerings to the growing list.
You can also reach us by email at the following address:
Thank you. Im looking for a lender on several rentals. 800+ score, no debt, good cash flow. Can you help?
Which ones weren’t accurate so we can update. Thank you.
I am a freelance reporter covering non-QM products, especially new, innovative products that respond to emerging borrower needs.
I would greatly appreciate such information, on or off the record.
There is an extensive list of non-QM products and lenders on the page dedicated to it. That should give you plenty to work with.
Does anyone know of a lender that offers Non-QM products on Manufactured housing
Citadel Servicing Corporation
Very interesting website. Can I ask what your vested interest in the Non-QM market is and the reason for disseminating all this info? Author seems very knowledgeable about the products so must have the relationships to get underwriting guides or be intimately involved in the mkt as an originator/aggregator.
Wholesale Mortgage Bankers
We offer Stated Income, P&L and Asset Driven program.
4.5% for 7/1 with 680 FICO for P&L Program 70%LTV.
4.75% for 7/1 with 700 FICO for True Stated Income 60% LTV.
I need a business bank statement only program. Details about my borrower:
684 middle credit score
loan 360k/purchase price= 80% LTV
24 month average bank deposits over $100,000 a month
mortgage lates = 1×30 in last 12 months (as long as you consider rolling lates only as 1×30. My borrower thought he made his May 2016 payment. He realized in October 2016 that this payment was never made which is what caused the rolling lates from June 2016-October 2016. )
Hi Brad – I just saw your post. YES, we can help
Citadel Servicing Corporation
Wholesale Non-Prime Lending
Direct: 949 627 9119
Office: 949 900 6630 x 157
15707 Rockfield Blvd, Suite 320
Irvine, CA 92618
I would like to start some dialogue and information exchange with you. Let me know when we can talk.
The info on this site is great, thanks for updating. I am assuming very few of these lenders are keeping the loans on their books – who in the secondary market is purchasing these loans?
Thanks very much, I would really appreciate a response.
I’m doing some work in the mortgage space and wondering how up to date you will be keeping this site. It looks like you stopped in October. Please advise. Thanks
No, I’m continually updating it. Perhaps not new posts all the time, but existing lists are being updated.