Non-Conventional Loans

Business owners tend to lean towards Non-Conventional Loans because they allow the borrower to prove they can pay back the loan without the typical requirements of other financial products. For example, proof of income without a W2.

PRO
  • Alternative options for Business owners.
  • Alternative for a non-Qualified Mortgage.
  • Alternative to a hard money loan.
  • Options for buyers with recent foreclosures, bankruptcy or short sale.
CONS
  • Higher closing cost. Points are charged.
  • Most loan terms are for a short period.
  • TYPES OF NON-CONVENTIONAL LOANS
  • Jumbo Loans
  • Foreign National
  • Non-Warrantable Condos
  • Bank Statements
  • No Income
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