Looking for a Non Conforming Loan

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Looking for a Non Conforming Loan

Lauren Ruppert
Rental Property Investor · Member since 2019 · 67 posts · 29 votes

Howdy...

We are looking for a non-conforming lender to purchase a home. We have 20+ doors, excellent income and credit. However, our DTI is hovering around 51%: but our residual income in more than 4x what the new mortgage would be with what we are putting down. The Fannie/Freddie folks are not going to work for us... we also have a STVR, which they are trying to not use in the calculations...

All suggestions are appreciated. 

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  • Matthew Bernal
    Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
    9mo

    Let's connect. Would love to discuss alter alternatives. 

    0Reply
  • Jeff Chisum
    Lender · All 50 States · Member since 2020 · 248 posts · 142 votes
    9mo

    My specialty!  All 50 states.  Top 1% LO in the US since 2018.  NMLS 673623

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  • Derek BrickleyBusiness Member
    Lender · Ann Arbor, MI · Member since 2021 · 680 posts · 230 votes
    9mo

    Hey Lauren! 

    You'll have a ton of options here on BP for sure, the non-conforming world is full of alternatives but a bank statement option would likely be the most beneficial.  Depends of course on down payment amount too.  If it's helpful to go through some of those details or some other possible options feel free to reach out

    [email protected]734-645-7722
    Gold Star Mortgage Financial Group548 Reviews
    WebsiteView Page
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