Yemani MasonCEO, Secure The Funding · CEO

Secure The Funding offers non-QM loans! 👌🏽🙌🏽💰

Name: Secure The Funding offers non-QM loans! 👌🏽🙌🏽💰
Uploaded: 2022-06-17T19:51:24+00:00
Duration: 59 s
Channel: Yemani Mason
Description: In this segment, Yemeni Mason explains non‑QM (non‑qualified mortgage) or non‑conventional loans, which are designed for borrowers who do not meet the…

17 Jun 2022 · 1 min

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In this segment, Yemeni Mason explains non‑QM (non‑qualified mortgage) or non‑conventional loans, which are designed for borrowers who do not meet the strict credit or income requirements of conventional, FHA, or VA loans. He outlines the primary borrower groups—business owners lacking traditional tax‑return documentation and real‑estate investors seeking to purchase rental or multifamily properties—and describes the specific loan programs available for each group. For business owners, he details bank‑statement loans that assess deposit history and profit‑and‑loss (P&L) loans that rely on CPA‑prepared financial statements. For investors, he introduces debt‑service‑coverage‑ratio (DSCR) loans that evaluate the property’s ability to generate sufficient cash flow to cover debt obligations. The overall message positions these non‑QM products as flexible financing solutions tailored to unconventional income sources and investment goals.

Chapters

So non-QM or non-conventional loans are loans that are designed for people that don't necessarily fit the, you know, credit box or the income box that a conventional loan or a government loan such as FHA or VA requires, right? So like, for instance, people that are business owners that don't necessarily have tax returns for whatever reason. There's different programs out there for those people. Bank statement loans where we can look at their bank statements and qualify them based off of the deposits for that. Or you got P&L loans, right, where we We can get a P&L prepared for by a tax preparer or CPA, you know, attesting to their business and how much profit they make. P&L being profit and loss, you know, showing what they're netting, and we qualify them based off of that as well. And then you have other types of loans, like for instance, that for people that want to buy investment property, you know, something to buy and rent out, such as like an apartment or whatever, multifamily. If they want to become real estate investors, we have programs such as what we call a debt service coverage loan or a DSCR loan.