Not Your Fathers Non-QM Loan

▤ Summary

The pandemic has affected many borrowers’ ability to qualify for conventional loans, but non-QM programs can alleviate that stress, especially for small businesses and self-employed or gig economy workers. A&D Mortgage, for example, offers a wide range of programs, including DSCR, 12- and 24-month bank statements, 1- and 2-year P&Ls — all designed to help borrowers save money while refinancing or buying a home to live or invest in. If that can’t convince you to open your mind and portfolio to new options, then perhaps these facts will: Up to 65 million workers have filed for unemployment since the start of COVID-19, and about half of those people are employed again. If your borrower saved money during the pandemic, they can acquire an investment property with a DSCR loan, which requires no income documentation whatsoever. “The bottom line is that you will need to work with a trusted lender accustomed to handling these unconventional situations,” a press release from A&D Mortgage states,”— credit issues, irregular income streams with extra documentation requirements — with speed, flexibility, and a solid understanding of available Non-QM options.”

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