New Sub Prime Loans

Non-Qualified Mortgage mortgage is any home loan that doesn't comply with the Consumer Financial Protection Bureau's (CFPB) existing rules on Qualified Mortgage..   At its most basic level, a Non-QM loan is a loan that does not meet the standards set forth in regulatory reform.   Non QM loans include many different type of loans including stated income, income by bank statements, lower credit scores, higher loan to values and more.  If you are looking for financing but do not fit the traditional eligibility and qualification standards required by lenders, non-qualified mortgages could be your saving grace