DO YOU HAVE A
NON-TRADITIONAL MORTGAGE NEED?
Non-conforming loans, or loans which do not traditionally meet conventional mortgage loan guidelines and programs, are available for Borrowers who do not qualify for traditional conforming loans. As a loan alternative to traditional mortgage products, these programs may require additional documentation and include upfront costs, fees and charges in addition to less competitive interest rate options available through traditional mortgage programs.
Non-conforming loans include jumbo loans and loans where Borrower or property attributes require lenders to consider additional risk variables in their loan approval process.
The Moneyhouse Non-Conforming Loan features include:
- Purchase and Refinance Options
- Broader consideration for Borrower employment and income
- No tax returns required to qualify
- Manual underwriting process
- Greater underwriting flexibility for unique or unusual circumstances
- Loan-to-Value availability up to 89% without private mortgage insurance
- Eligible condominiums not approved by HUD
- Closing cost and fee options
- Conventional and Jumbo loan amounts up to $2,000,000 plus
| Loan Name | Available in U.S. | Available in P.R. |
|---|---|---|
| NON-CONFORMING – Fixed | YES | YES |
| NON-CONFORMING – Adjustable Rate | YES | NO |
Not all programs, references, products, options and terms indicated are available in all states. Terms, features and benefits for specific loan programs and information provided are subject to change without notice. This information is not a loan commitment, loan approval, or offer to lend. Individual and property specific program qualification guidelines including borrower and property eligibility should be discussed with a professionally licensed Moneyhouse Mortgage Loan Originator. You are encouraged to seek professional services assistance for accounting, legal and real estate matters relating to your contemplated transaction. Some programs referenced may require specific 3rd party or designated housing counseling requirements. For refinance programs, program imitations may include cash-out options and loan-to-value – refer to specific program guidelines offered by your professionally licensed Moneyhouse Mortgage Loan Originator for more details. For purchase transactions, property value is determined as the lesser of the final purchase price or the adjusted appraised value – refer to specific program qualification and eligibility guidelines offered by your professionally licensed Moneyhouse Mortgage Loan Originator for more details. Programs and products noted may require the payment of upfront, annual and/or monthly private mortgage insurance premiums and/or mortgage insurance payments. Not all programs will provide proceeds sufficient to pay off outstanding debts and liens filed of record. Other restrictions may apply. These materials and information are not from or approved by HUD/FHA. The Money House, Inc., is an Equal Housing Lender.