We Have The Key To Help Unlock Homeownership

September 13, 2022


First of all, underserved borrowers are NOT underqualified borrowers. It simply means that there are uneven credit opportunities that don’t allow certain homebuyers to get a home loan under traditional requirements.

Examples:

  • A self-employed homebuyer who takes allowed tax deductions. Their tax returns might not allow them to qualify for a home loan – even though they can afford the home, have good to excellent credit, and have 20% or more for a down payment.
  • A borrower who has recovered from a foreclosure three years ago. They have improved their credit and can prove their ability-to-repay a mortgage. Fannie Mae and Freddie Mac’s requirements state a borrower must be seven years out of a foreclosure.
  • Real estate investors who can’t use tax returns or don’t meet Agency guidelines for varying reasons are also in the underserved borrower category. They can afford the property – but they don’t check the boxes under Fannie Mae and Freddie Mac.

Each of these very different borrower types have something in common!

They are credit worthy people who deserve a home loan – but they cannot get one under traditional loan requirements. Each one needs a non-QM loan to get to the closing table quickly and easily.

Non-QM Solutions That Serve Non-QM Borrowers:

We Are Here To Walk You Through The Process Every Step Of The Way!

Find An AdvisorFind An AdvisorFind An Advisor

More Articles

Have you seen the latest trends in colors and interior design?
Here are 7 ways to improve your chances
There are two pool of homebuyers you should target in your messaging