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Greater underwriting flexibility.
No personal income calculations are required.
No job history is required (in some cases).
Credit scores as low as 620 allowed (580 w/ compensating factors).
No reserves required (in some cases).
As little as 10% down required.
Counting rental income (including Airbnb & VRBO).
Low debt-service-coverage ratio (DSCR) on investment properties.
At Mortgage Empire, we understand that not everyone fits into the traditional mortgage lending criteria. That's why we offer non-QM loans, which cater to borrowers who may have unique financial situations or don't meet the strict guidelines set by conventional lenders. Whether you are self-employed, have a less-than-perfect credit history, or need a loan that exceeds the conforming loan limits, we are here to help.
Our team of mortgage professionals brings years of industry expertise and knowledge to guide you through the non-QM loan process. We pride ourselves on offering personalized service, taking the time to listen to your specific needs and financial goals. We believe that everyone deserves a chance to own a home, and we are committed to finding creative solutions that fit your individual circumstances.
We believe in the power of customization where our non-QM loans are designed to meet the unique needs of each borrower.
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We are dedicated to guiding you each step, letting you enjoy streamlined application process that prioritizes your time and needs.
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We offer competitive interest rates on non-QM loans, ensuring you get the best value for your investment without breaking the bank.
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We prioritize open and honest communication, keeping you informed throughout the loan process. No surprises, just clarity and support.
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Your satisfaction is our top priority. From the initial consultation to the final walkthrough, our team is dedicated to providing a personalized and stress-free experience.
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At Mortgage Empire, we are committed to helping you overcome the obstacles that may have prevented you from obtaining a traditional mortgage. We believe in giving people a second chance and empowering them to achieve their homeownership goals. Contact us today to learn more about our non-QM loan options and how we can assist you in making your dream home a reality.
At Mortgage Empire, we are committed to helping you overcome the obstacles that may have prevented you from obtaining a traditional mortgage. We believe in giving people a second chance and empowering them to achieve their homeownership goals. Contact us today to learn more about our non-QM loan options and how we can assist you in making your dream home a reality.
While traditional jumbo loans still often require 20% down, we offer near-miss jumbo loans up to $3 million with as little as 10% down, up to a 55% debt-to-income ratio, and credit scores as low as 660. Jumbo loans with 10% down are often the ideal solution for first-time buyers who might still have large student loans and other types of “good credit debt”. 10% down jumbo loans are also good for high-income earners who are looking to invest their cash in other assets.
Private and hard money loans often have high rates and take a while to get approved for, which is not ideal for most real estate investors. Alternatively, both new and experienced real estate investors can benefit from the expanded criteria offered by no-income investment loans which allow you to build your real estate portfolio with fewer setbacks. The Debt-Service-Coverage-Ratio loan uses the rental income of the property to qualify and does not take into account your personal income.
Asset-based loans allow you to leverage assets you already have, including checking and savings accounts, investment accounts, or money market accounts, to secure a loan. This type of Non-QM mortgage is ideal for individuals with substantial liquid assets available. Although asset-based loans are typically associated with high-interest rates, we have access to wholesale rates and favorable borrowing terms. Griffin Funding does not require you to pledge your assets.
If you do not have a valid Social Security number, U.S. FICO score, or Individual Tax Identification Number (ITIN) you can still qualify for this type of Non-QM loan. To qualify, you will need to provide a VISA or VISA waiver as well as three active and open trade lines with a two-year history.
We offer interest-only home loans on 40-year fixed loans, 30-year fixed loans, 7/1 arms, and 5/1 arms. During the first 10 years of the loan, you will only pay the interest. This provides significant savings over the life of the loan. However, it’s important to keep in mind that you will not be paying down the principal balance during the interest-only period.
Recent credit events can make it challenging to secure a loan because many lenders view them as a red flag. However, we offer loan programs for borrowers with recent credit events including foreclosure, short sale, and bankruptcy. While we do offer options for as little as one day out from the credit event, loan terms typically improve the longer it has been, even in just a year or two.
We offer a variety of loans specifically tailored to the needs of real estate investors who want to expand their portfolio to include single-family homes, 2 to 4 unit properties, condos, townhomes, multi-use, and multi-family 5 to 20 unit properties. Our loans are designed to make the process easier for buy-and-hold investors.
At Mortgage Empire, we make buying and selling properties simple and hassle-free. As a premier real estate provider and a proud sister company of Realty Empire in New Jersey, we are committed to delivering excellence in every project.
