Non-QMloans - Highlands Mortgage LLC

Non-QM Loan Types

Bank Statement

If you're self-employed or a business owner looking to buy a home, a bank statement loan might help. With a bank statement loan, you qualify for a mortgage based on your bank statements rather than tax returns.

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Foreign National

Foreign national loans create homeownership opportunities in the US for non-residents and non-citizens

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Asset Depletion

Asset depletion or Asset dissipation mortgages use your assets instead of employment income to qualify you for a mortgage.

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Fix & Flip

Fix and flip loans are short-term loans utilized by real estate investors to purchase and renovate a property for resale

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Non-Warrantable Condo

A non-warrantable condo loan is a type of mortgage that doesn't meet the strict guidelines set by Fannie Mae and Freddie Mac.

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Self-Employed / 1099 Loans

As a self-employed individual or independent contractor, you will need to prove that your income is sufficient and it will meet your mortgage obligations. Showing that your business is profitable and that it will consistently provide the necessary funds for a home loan.

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ITIN

Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a mortgage as long as they meet the eligibility requirements. This loan product is a full doc non-QM mortgage offering flexibility for individuals residing in the United States.

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P & L Loans

A P&L loan is a type of self-employed mortgage designed for individuals who are self-employed or own businesses. They’re similar to bank statement loans in that they’re ideal for individuals with non-traditional income sources or W-2 employment who want to qualify for a mortgage based on their P&L statements rather than tax returns, pay stubs, or W-2 forms.

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