Universal Lending is Pleased to Offer Non-QM Loan Programs

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We are pleased to offer the following Non-QM programs to make sure our business partners and our homebuyers have access to all the loan products they need. Take a look at some of what we can help you with. Questions? Please let us know. 

ITIN: Designed to help a borrower with a tax ID number but no social security number. Full or Alternative Doc accepted. LTV up to 85% and DTI up to 55%.

Land Loans: Allow for the purchase of raw land or vacant acreage.

ALT-A Premier: A great solution for the Agency Fallout borrower – Non-QM, Self-Employed or ITIN. Full or Alternative Doc accepted. LTV up to 85% and DTI up to 55%.

Bank Statement: Perfect fit for 1099 or self-employed borrowers who prefer to use the business or personal bank statements to document their income, rather than using tax returns.

Jumbo: Use this program for larger loans with balances up to $6 million for Non-QM, Self-Employed, ITIN, and previous credit borrowers. Full or Alternative Doc accepted. LTV up to 75%.

Near Miss Mortgage: A solution for a borrower with a previous bankruptcy, foreclosure, or short sale. No seasoning required on the credit event. Gift funds are accepted. Full or Alternative Doc accepted. LTV up to 80%.

Ready Asset Loan Program: For clients that have assets they own but do not necessarily want to use them to purchase a home. No income needed to qualify. The lender validates that the borrowers have enough assets to cover their debts through a 3rd party. LTV up to 85%.

Please let us know if we can offer any assistance with any of these Non-QM Loan Programs.

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