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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Published by Universal Lending Home Loans
Universal Lending Corporation was founded over 40 years ago on the principle that our customers deserve individual and specialized attention throughout the mortgage process. We embrace our passion for customer care, and educate and empower each potential home buyer throughout the entire process, so they make informed, considerate decisions that ensure their home mortgages fit their budgets and keep their families financially secure.
NMLS #2996
Equal Housing Opportunity
6775 E Evans Ave., Denver, CO 80224
(800) 758-4063, Colorado Responsible Party, Colorado Mortgage Company Registration; Arizona Mortgage Banker License #0927881; Florida Mortgage Lender Servicer License #MLD989; Illinois Residential Mortgage Licensee #MB.6760981; Iowa Mortgage Banker License #2006-0305; Kansas Licensed Mortgage Company Kansas Mortgage Company License #MC.0025137; Michigan 1st Mortgage Broker/Lender/Servicer Registrant #FR0019350; Michigan 2nd Mortgage Broker/Lender/Servicer Registrant #SR019351; Minnesota Residential Mortgage Originator License #MN-MO-2996; Montana Mortgage Lender License #2996; Montana Mortgage Broker License #2996; Montana Mortgage Service License #2996; Nebraska Mortgage Banker License #46; New Mexico Mortgage Loan Company License; North Dakota Money Broker License #MB102363; Texas - SML Mortgage Banker Registration; Utah-DRE Mortgage Entity License #7384716; Washington Consumer Loan Company License #CL-2996; Wisconsin Mortgage Banker License #2996BA; Wyoming Mortgage Lender/Broker License #582.
TEXAS MORTGAGE BANKER COMPLAINT NOTICE
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.
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