Updated about 4 years ago on . Most recent reply
Non Traditional Loans expanding
Rates have been rising steadily in 2022, but many lenders are also rolling out very flexible loan options. To name a few that we've seen...
10% down P&L, Bank satement & 1099 loans up to $3,000,000 : these are products that require no tax returns to qualify, these can potentially provide much more leverage to self employed buyers
3.5% down jumbo loans up to $1,500,000 with NO PMI. These are providing low down payment options , great options for high income low net worth buyers who are getting into the buying pool.
I/O, & ARM options, 40 year notes with ARM and I/O options are adding additional flexibility, great to increase cash flow, or affordability.
In todays hostile rate environment we're happy to see more flexible loan solutions surfacing for more buyers & investors.
