What is a Non Qualified Mortgage?
A Non-Qualified Mortgage mortgage is any home loan that doesn't comply with the Consumer Financial Protection Bureau's (CFPB) existingrules on Qualified Mortgage. A Qualified Mortgage (QM) is a home mortgage loan
that meets the standards set forth by the Federal government.
Many borrowers think that just because they were turned down by their local bank, the cannot obtain a mortgage. Diamante Mortgage has relationships with may Non Qualified lenders which allows us to fund loans when larger banks cannot.
Turned Down by Other Lenders?
Being turned down by another lender does not mean it’s the end of the road. Many of our borrowers are referred to us by banks, and mortgage brokers that do not have access to loan programs that fit your scenario.
Self-Employed
Self employed borrowers need common sense underwriting that takes into consideration their unique income documentation challenges. We have many loan programs that meet the needs of the self-employed.
Retired? Asset Rich? Reduced Income?
We have loan programs for retired borrowers, which allow them to tap into the equity of their home to avoid costly early retirement withdrawal. (Not reverse Mortgages)
Foreign National?
We have loan programs designed just for you. We accept income verification letters from your employer or CPA. No tax returns required, and we accept a foreign credit report. As little as 25% down and various visa types accepted.
Jumbo Loan Programs
Loan amounts as high as $3,000,000, 12 and 24 months Bank Statement programs with no requirements for P&L statements.
Terms Right for You
5/1 or 7/1 ARM with 10 Year Interest-Only and 40-Year Term. 30 Year Fixed Rates also available.
JUST BECAUSE YOU WERE TURNED DOWN BY ANOTHER LENDER DOES NOT MEAN YOU CAN’T GET A LOAN.