For many borrowers, traditional mortgage loans—often known as qualified mortgages (QM)—can be difficult to obtain due to stringent income and credit verification requirements. Non-QM loans provide an alternative financing option for individuals who do not meet conventional lending standards. While Non-QM loans offer greater flexibility, they also raise concerns about their safety and long-term viability. … Read more
A Non-Qualified Mortgage or Non-QM loan is a unique type of home loan designed for borrowers who do not meet the strict guidelines set by government-backed and conventional mortgage programs. Unlike traditional conventional loans that follow the rules of Fannie Mae, Freddie Mac, or the Consumer Financial Protection Bureau’s Qualified Mortgage standards, Non-QM loans offer … Read more
When applying for a mortgage, particularly an FHA loan, your financial history plays a crucial role in determining eligibility. If you have an eviction on your record, you might wonder if this will prevent you from securing an FHA loan. The Federal Housing Administration has a history of approving FHA loans with credit problems, late … Read more
The non QM loan product is getting a lot of buzz in the mortgage and real estate world. The traditional US mortgage industry is generally set up for people who have a regular, documented income that is predictable month to month. There are many self-employed and homeowners with bad credit that have compensating factors that … Read more
Buying a home is what most people in America want eventually. If you have bad credit, however, you may feel that a house is beyond your reach. When your credit score is well under 600, even 500, can you still get a house? In some cases, yes, although doing so may require you to do … Read more
Buying a home is most people’s goal at some point, and it’s common to have many questions about obtaining a mortgage. Generally, you need to have good credit to get a mortgage with the best rate. But, life happens and sometimes people have black marks on their credit report, such as unpaid collections. What if … Read more
Quick Links
Loan Types
BD Nationwide Mortgage
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Quick Links
Loan Types
BD Nationwide Mortgage
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024