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.
- 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.
- 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