Plaza Home Mortgage to allow bank statements for its non-QM loan

Plaza Home Mortgage Inc. is expanding its Solutions Non-QM program with the goal of enabling brokers and correspondent lenders to qualify more non-traditional borrowers.

Many mortgage borrowers qualified for non-qm loans and bank statement mortgage loans for self employed borrowers prior to the 2008 Real NON-QM Mortgages are now back and are becoming increasingly popular. There is no waiting period after a housing event with non-qm mortgages.

If you have been in the business for at least two years as an licensed – broker and would like to provide your customers with Non-Qm or bank statement only loans, apply to become a HomeXpress Mortgage approved broker today.

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Getting Approved for Wholesale with Plaza Home Mortgage Plaza Home Mortgage’s Solutions Non-QM loan program is tailored to help you qualify more buyers. With our bank statement options, it’s easier than ever for self-employed borrowers to demonstrate their income, helping them qualify for the loans they deserve.

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Check out Plaza Home Mortgage’s new Solutions Non-QM program and new Bank Statement Income Calculation Service, where you can send a quick request from the Plaza website and they’ll review and.

Plaza Home Mortgage has expanded the guidelines of its wholesale and correspondent non-qualified mortgage program to allow using bank.

Fisher said that CSC’s efficient processes also allow. Non-QM loans can have higher mortgage rates than a 30-year, fixed-rate mortgage. "Spreads can be as little as .25 percent and as A newer non-QM loan, called asset qualifier loan program, is ideal for borrowers with prime credit and substantial assets.

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That’s where non QM loans (which stands for non-qualified mortgage loan) play a role in helping make the dream of owning a home possible to more people. These are loans that do not meet the federal standards, and have different terms and allow non-qm lenders like HomeX Mortgage to accept alternative income documentation to qualify borrowers.