Delaware Non-QM Loans
Flexible Non-QM Loans in Delaware
Not everyone fits the mold of a traditional mortgage applicant. That’s why we offer a range of non-QM loans (non-qualifying mortgage) that provide flexibility and opportunity for homebuyers and real estate investors throughout Delaware.
Powered by Cornerstone First Mortgage, we have access to many exceptional property lending programs. That’s why we offer multiple solutions to meet the diverse needs of our clients. If you’ve found conventional loan requirements to be a hurdle, let’s explore how our non-QM programs can help you achieve your real estate goals.
Non-QM Solutions Based on Income
Our lenders offer several non-QM loan programs to meet the diverse needs of our clients here in Delaware:
Bank Statement Loans: These are designed specifically for self-employed individuals and business owners. Rather than relying solely on tax returns, bank statement loan programs allow borrowers to qualify using recent personal or business bank statements. This is an excellent option if your tax deductions make it difficult to show sufficient income for a conventional loan.
Asset Qualifier Loans: If you have significant assets, this is the program for you. An Asset Qualifier Loan program uses verified assets as a basis for qualification. This is a suitable option for borrowers with substantial wealth but less traditional income streams.
Mortgage Loan Options Based on Credit
We believe that a less-than-perfect credit score shouldn’t automatically disqualify you from homeownership. Our non-QM loan options provide pathways to financing for borrowers who may not meet the strict credit score requirements of conventional loans.
Mortgage Solutions Based on Loan Type
Jumbo Non-QM loans. Perfect tor those looking to finance higher-value properties in Delaware that exceed conventional conforming loan limits. Jumbo Non-QM loans offer more flexible underwriting than standard jumbo mortgages.
DSCR (Debt Service Coverage Ratio) Loans: Ideal for real estate investors in Delaware, a DSCR loan program focuses on the income-generating potential of the investment property. Qualification is based on the property’s projected rental income compared to its debt obligations, making it easier for investors to finance rental properties without using their personal income for qualification.
How Much Can You Afford to Borrow?
Use the mortgage calculator below to estimate your potential mortgage payment.
We want you to feel confident in your financial decisions.
Find Your Non-QM Solution with Delaware Home Loan Pros
Navigating the world of mortgages can be complex, but our team here at Delaware Home Loan Pros is here to help. We are experienced in Non-QM lending and are dedicated to finding the right financing solution for your unique situation.
Whether you’re a self-employed professional, a real estate investor, or a homebuyer with a less traditional financial profile, we are ready to assist you.
Ready to explore your Non-QM loan options? Apply today for a personalized consultation.