What is a Non-Qualified Mortgage?
A non-qualified mortgage (non-QM) is a home loan designed to help homeowners who don't meet the criteria of a traditional mortgage. For example, borrowers who have a low credit score, are self-employed or don't have all of the financial documents needed for traditional underwriting may want to explore a non-qualified mortgage as an option.
How to Get a Non-Qualified Mortgage Loan
A fair non-qualified mortgage loan is hard to find. Fortunately, Spyglass Lending offers lots of creative financing options that most other brokerages can’t.
Applying for a non-qualified loan is similar to applying for a traditional loan. The main difference is that the interest rate will be slightly higher. The good news is that you can refinance when you’re making a higher income, build your credit, or when your home has built some equity.
Don’t let restrictions stop you from getting what you want. If you don't meet the requirements of traditional financing, a non-qualified loan could be your answer.
Why Pick Us?
Unlike huge lending institutions, a great broker will get you the best deal–and much faster as well. To us, you’re not just some random number. We genuinely care about getting you the best loan and helping you close on your new home as soon as humanly possible.