Financing fell through, and don’t want to go into hard money lending just yet. Anyone know of banks still proving non-qualifying mortgage loans currently? TIA!
this is heavily dependent on many different factors. Some non qm shops are just adjusting guidelines (accepting only 680 or 700+ FICO borrowers etc.) and some have completely suspended all fundings. It's going to take some work to call around and see who can help.
What is the deal? Is it for a rental property acquisition?
In the same situation had 2 non qm loans in process for a cash out on single family property in DFW and suddenly everything halted. If any one has any alternative non qm lender or of like that they wouldnt mind sharing would be very much appreciated.