#NON-QM LOANS

[homespringmortgage]

Choose the Foreign National Loan Program in Charleston, SC

HomeSpring Mortgage offers a tailored Foreign National Loan Program in Charleston, SC, designed for international buyers seeking property in the U.S. Our experienced team provides personalized guidance, competitive rates, and flexible terms, making your home purchase smooth and accessible, regardless of your residency status. Contact us at (800) 621–4656.

[gustanchomortgage]

Although it can be difficult, getting a mortgage after bankruptcy is possible. For borrowers who have emerged from bankruptcy, completed a waiting period, and satisfying other eligibility conditions, several lenders have created rules.

It’s critical to comprehend how bankruptcy affects your capacity to obtain a mortgage and which mortgage programs are accessible to you if you want to purchase a property following the bankruptcy procedure.

[gcamortgagesblog]

HARP 2 Refinance For Homeowners With Underwater Mortgages

In order to assist homeowners with underwater mortgages in refinancing their houses, the Federal Housing Finance Agency (FHFA) launched the Home Affordable Refinance Program (HARP) in 2009. HARP 2, an enhanced version of the 2012-introduced program, gives borrowers who are having trouble making their mortgage payments greater flexibility. We'll look more closely at the HARP 2 refinance in this blog post and how it can help homeowners with underwater mortgages.

What is an Underwater Mortgage

Let's start by defining an underwater mortgage. A homeowner who owes more on their mortgage than the value of their home at the time is said to be in an underwater mortgage position. A decrease in property prices, a change in the homeowner's financial condition, or other circumstances may be to blame for this.

It can be challenging to refinance a property when a homeowner has an underwater mortgage since conventional lenders could be reluctant to offer a refinancing loan. Herein is the value of HARP 2. With more lax conditions, the program enables qualified homeowners to refinance their underwater mortgage.

Benefits of HARP 2 Refinance

One of HARP 2's key advantages is that it enables homeowners to refinance their mortgage at a loan-to-value (LTV) ratio that is generally higher than what traditional lenders would permit. Homeowners may be able to refinance with an LTV ratio of up to 125% in some circumstances. This implies that homeowners may still be able to refinance and lower their monthly payments even if their home is worth less than what they owe on their mortgage.

Another advantage of HARP 2 is that it enables homeowners to refinance even with bad credit or a history of financial troubles. The program can assist homeowners who have had trouble getting approved for other forms of refinance loans because it has more lenient credit requirements than typical lenders.

Requirements to Qualify for HARP2 Refinance

Homeowners must fulfill specific eligibility conditions in order to be eligible for HARP 2. These consist of the following:

The mortgage must have originated on or before May 31, 2009, and it must be owned by or insured by either Fannie Mae or Freddie Mac.

The homeowner's mortgage payments must be up to date, with no more than one late payment in the previous 12 months and no late payments in the previous six months.

An LTV ratio of at least 80% is required.

The homeowner must demonstrate their ability to pay the increased mortgage payment.

Not all homeowners with underwater mortgages will be eligible for HARP 2; it is crucial to keep this in mind. But for those who do meet the requirements, the program can offer important advantages and support them in maintaining their homes.

To Sum Up 

In conclusion, the HARP 2 program can offer assistance to homeowners who have underwater mortgages. It enables qualified homeowners to refinance their mortgages with less stringent conditions, such as a greater loan-to-value ratio and lenient credit standards. Homeowners must fulfill a number of qualifying criteria, such as having a mortgage owned by or insured by Fannie Mae or Freddie Mac, being current on their mortgage payments, and having an LTV ratio larger than 80%, in order to be eligible for HARP 2. HARP 2 can be a useful tool for homeowners who meet the requirements to lower their monthly mortgage payments while maintaining their houses.

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Choose Rockhouse Mortgage LLC for all your mortgage needs. As an expert in Conventional loans in Leesburg VA, we provide financial solutions to help you secure the home of your dreams. Our expert team members offer a wide range of real estate investing services, ensuring you make informed decisions for your future. Whether you’re looking to refinance or purchase a new property, our services are designed to meet your unique requirements. As an experienced mortgage lender in Leesburg VA, we are committed to providing exceptional customer service and competitive rates. Partner with Rockhouse Mortgage LLC for a stress-free mortgage experience.

[thebesthomelender]

What are ITIN loans?

Apart from the fact that most lenders do not offer ITIN loans, what are some things that might help you get approved for one, or help your real estate clients receive an ITIN loan? First off, what is an ITIN? It is a number issued by the IRS for non-resident aliens, an Individual Taxpayer Identification Number. Since it resembles a social security number, it is often confused as being a social.…

[docvuai]

Document Automation and the Future of Non-QM Loans with IDP solutions

As margins thin out, lenders are faced with the task of reconfiguring their existing cost structures while looking for alternate revenue streams. The non-QM market is emerging as a lucrative and practical solution for many. COVID-19 halted the boom of non-QM due to the liquidity constraint, however, it regained its market share and finished 2021 with 25 billion worth of originations and is anticipated to double in 2022.

What is a Non-QM Loan?

A loan which has any one of the criteria below will be considered non-QM:

Debt-to-Income greater than 43%

Blemish on FICO credit due to unforeseen circumstances

Self-employed for less than two years

Low income on tax returns

A non-qualified mortgage doesn’t conform to the consumer protection provisions of the Dodd-Frank Act.

For example, if you have a DTI of more than 43% or have erratic income and don’t meet the income verification requirements set out in the Dodd-Frank Act or by most lenders, you are not eligible for a qualified mortgage and may be offered a non-qualified mortgage instead.

How Do Lenders Verify Income for Non-QM Loans?

Non-QM loans don’t adhere to the standards required for QM loans, but that doesn’t mean they are low-quality loans. A study conducted in 2018 shows that the differences in credit score and loan-to-value ratio between non-QM borrowers and QM borrowers are minimal. However, non-QM borrows on average do have a higher DTI ratio.

Non-QM loans provide flexibility for lenders to offer mortgages to people not eligible for QM loans. Nevertheless, lenders still need to substantiate the documents provided, including income sources. They may also want to verify assets or any other information that assures them the borrower will be able to repay the loan. Non-QM loans are not insured, guaranteed, or backed by FHA, VA, Fannie Mae, or Freddie Mac.

The Evolution of the Mortgage Market

The non-QM market shows promise for the future due to the below factors:

Stricter Regulations 

Regulatory bodies, Fannie Mae, and Freddie Mac have made stricter restrictions to reduce possible risks by limiting the percentage of qualified loans offered. This has resulted in a smaller government box, isolating a large section of borrowers who do not conform with the GSE. Moreover, with bank lending restrictions also becoming stricter, this aided non-QM loans to become a more accommodative alternative for loan seekers.

2. Evolving Borrower Profile 

There has been a radical change in employment profiles across the country triggered by the COVID-19 pandemic. Entrepreneurship is on the up with a significant percentage of salaried individuals starting their own business due to loss of jobs.

According to statistics, the growth of start-up businesses in the country has risen by 24% from 2019 to 2020. A Forbes report published in 2019 estimated that nearly 30% of Americans are self-employed. This opens the non-QM market to a large number of individuals who become natural candidates for non-QM loans as Fannie Mae and Freddie Mac primarily favor the salaried class.

3. Soaring Home Prices 

Home prices over the past few years have seen a gradual rise. The mortgage market is generally shifting away from refinances, which made up over 50% of the market in the last 12 months, to a purchase driven market. The demand for large-sized loans has increased – mostly in the form of Non-QM, as the GSE guidelines around investment properties have been disqualifying most candidates for agency loans.

Key Challenges Faced by Lenders in the Non-QM Space

While interest in the market is on the rise, there are challenges for Non-QM loans. Despite the growing interest, the sector does face some basic functional challenges that lenders are required to overcome. The key ones are detailed below-

Managing Error-Prone Manual Processes

Manual processing of Non-QM can lead to errors, longer timelines and higher costs. Non-QM products do tend to be a bit diverse. This makes the requirement of proper technology to streamline tasks and improve efficiency levels across the organization quite a pressing one.  Though there are many generic automation solutions available in the market, Non-QM loans require specialized solutions to get the domain intelligence into the system.

2. Mitigating Risks of Frauds

Mortgage fraud has been rising steadily in the last decade. Due to a relaxation in DTI ratio and other criteria, it becomes critical for Non-QM providers to have a robust risk and fraud mitigation mechanism.

3. Dealing with the Changing Cost Structures

When looking at the total number of mortgage units over the last 10 years, the market has fluctuated up or down by up to 50% each year. It’s clear that mortgage is an industry that is subject to high fluctuations. Due to this ambiguity, increasing fixed costs by investing in additional capacity can be a risk.

The pivotal role of specialized document automation technology in overcoming functional challenges

Specialized solutions can help to overcome functional challenges faced in disbursing Non-Qualified Mortgages. Document automation involves using advanced technology such as AI to simplify the lengthy tasks pertaining to disbursing a typical non-QM loan – right from onboarding, processing, underwriting, pricing, packaging, and closing in a cost-effective way.

DocVu.AI – the most innovative AI/ML solution for BFSI* is designed to be workflow-driven and follows the same set of rules that is adhered to when tasks are manually executed. With the use of intelligent algorithms, the solution significantly increases the pace of execution and reduces the probability of costly human errors.

As a result, Non-QM Mortgage lenders gain increased freedom to take on additional workload due to the automation introduced at several points without worrying about capacity constraints. This empowers the lenders to place their undivided focus on core areas for sustainable growth.

*As per IBS Intelligence 2021 ratings

[tkfinancegroup]

Why You Should Consult a Mortgage Professional

Mortgage professionals are critical to the home buying process. They can answer questions, guide borrowers through different loan programs and make sure that the mortgage closes on time. They can be either brokers or MLOs. If you want to become a mortgage professional, get licensed with a Morty platform that provides support and mentorship for mortgage brokers.

Loan officer

You wouldn’t buy stocks without talking to a stockbroker or invest in a home without consulting a real estate agent. Mortgages are no different, and you should consult a mortgage professional before making this major investment. These professionals understand how mortgages work and can help you choose the right one for your situation.

The loan officer is responsible for gathering the mortgage application and submitting it to an underwriter for approval. They also communicate with the various parties involved in the mortgage process, including the lender, title company, and escrow office. They may also have experience with non-QM loans, which are loans that would not be approved by traditional lenders.

When choosing a mortgage professional, look for someone who is honest about fees and commissions. They should return calls and emails promptly and be able to answer questions clearly. They should also be knowledgeable about the latest changes in mortgage regulations. This will allow them to offer the best options for their clients.

Mortgage broker

Mortgage brokers australian finance group act as go-betweens for homebuyers and lenders. They review a borrower’s financial status, including income and debt-to-income ratio to find the best loan options for them. They also work closely with all parties involved in the lending process, such as real estate agents and underwriters, to ensure a smooth mortgage transaction. They can offer borrowers access to a wide range of loan options and lenders that may not be available to the general public.

Choose a mortgage professional with whom you feel comfortable working. Ask for referrals from friends, family, or colleagues and check online reviews. A good mortgage professional should be able to answer all your questions and concerns.

You can also choose a mortgage broker who specializes in a specific type of loan, such as VA loans. This can help you get a better rate and avoid high interest rates. Additionally, you should be aware that mortgage brokers often charge more than MLOs and mortgage bankers, so you should carefully compare fees.

Real estate agent

Buying or selling a home can be complicated, and real estate agents can help. They can help you find the right property for your needs, make sure there are no permits or allocations for ongoing projects, and keep you informed of any potential problems with a home or its history. They can also help you negotiate a fair price for your new home.

A real estate agent’s job duties vary from one brokerage to the next. Some work for large brokerage firms, while others work independently or as part of a team. They may perform a variety of duties, including meeting with clients, networking with other professionals, updating their websites or blogs pokrivalo na lizhko, and entering expenses into accounting software.

A listing agent represents the seller of a property and tries to attract buyers by setting a reasonable price for the property. A buyer’s agent, on the other hand, works hard to find a property that meets the client’s needs and budget. Depending on the brokerage, an agent’s duties may also include negotiating with other brokers or lenders for the best mortgage rate.

Financial planner

You wouldn’t buy a home without talking to your real estate agent and you wouldn’t invest in stocks without consulting a financial planner. The same can be said for mortgages. Your mortgage professional is a key member of your home buying team, along with your real estate agent and title company. They are responsible for getting you financed and closing on your new house.

You should look for a mortgage professional who is transparent about fees and commissions. You also want to know that they’re keeping up with changes in the industry. This will help you get the best loan possible and avoid any pitfalls.

Lenders offer profession-specific mortgages to help young physicians, attorneys, and other professionals overcome hurdles like student debt and lower income. These loans often have flexible debt-to-income (DTI) requirements and do not include deferred student loan payments in the DTI ratio. In addition, these loans may also have a lower minimum down payment requirement.

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Our mortgage brokers are here to meet all your requirements. Our professionals are your trusted partner for all your home financing requirements. We specialize in VA loans, non-QM loans, and fix and flip options for investors. Our expert team offers complete refinance loan services and Purchase loan services in Leesburg VA to help you guarantee the best mortgage solutions. Need assistance with mortgage refinancing near you? Our skilled lending agents are ready to guide you through the process. We provide personalized mortgage loan application assistance and advice to guarantee you get the right loan for your needs. Whether you're a real estate investor or need conventional loans in Leesburg, VA, we are here to help. Contact Rockhouse Mortgage, LLC today to start your mortgage journey with the best broker near you!

[homespringmortgage]

Best Foreign National Loan in South Carolina

HomeSpring Mortgage offers the best Foreign National Loan in South Carolina, designed to assist international buyers in securing financing for their dream homes. With tailored solutions and expert guidance, we simplify the loan process, ensuring a smooth experience for foreign nationals looking to invest in the U.S. real estate market. Contact us at (800) 621–4656.

[pleasantinternetfest]

Big Data Analytics: A Game changer for lenders

As digital lending continues to grow and evolve, the strategic application of data analytics is becoming increasingly crucial for lenders seeking to stay ahead of the competition and deliver exceptional value to their customers. Data analytics can put the lender ahead of the following aspects:

1) Predicting Creditworthiness:

According to Moody, residential mortgage-backed security issuances for non-QM (non-qualified mortgage) loans climbed from $570 million in 2016 to more than $25 billion in 2021. Because many non-QM consumers lack a traditional credit history, mortgage lenders turn to new ways to determine trustworthiness. Big data and data analytics can assist in filling that void.

Through big data and predictive analytics, they can use these systems to access a wide range of internal and publicly available data, ranging from physical addresses to social media data to email accounts to phone numbers and more, to identify any hidden patterns within loan applications that may point to fraudulent information or activity.

Data Analytics can also be used to determine the probability of delinquency. Sometimes some customers might pose as perfect customers to get a loan. Here, data analytics help mortgage companies by estimating the probability of delinquency.

The prediction of delinquency is based on previous transactions and loans. It also includes how many times the borrower has not paid the full amount earlier.

2) Strategic Advantage:

Lenders equipped with advanced data analytics hold a significant competitive edge over those who do not.

According to Ellie Mae’s Data & Analytics survey, lenders are all over the map when it comes to their data and analytics journeys.

Descriptive Phase: 37% of lenders have just begun their journey. They can see simple facts about past business performance.

Analytical Phase: 36% of lenders have reached the stage where they not only understand what happened but why it happened, too.

Predictive Phase: 24% percent of lenders have taken it a step further and are using data to see patterns and meaningful trends that affect their business.

Prescriptive Phase: Only 3% of lenders are far enough along their data journey to conduct the type of prescriptive-level analyses that can inform how they should make future decisions, for example, recommending loan programs for specific applicants based on a set of predetermined factors.

Lenders that effectively leverage advanced data analytics can outperform their competitors by offering better risk management, personalized services, operational efficiencies, and strategic insights, thus establishing themselves as leaders in the industry

3) Be Tech-Smart in a Digital Age:

With rapid digitalization, the sheer amount of data that lenders need to manage can be overwhelming. But with the rights tools and technology, lenders can harness the power of their data to make data-driven decisions and optimize their operations. The biggest trend seen in the industry is using technology to underwrite better and give a seamless experience to customers.

Technology plays a vital role in combating mortgage fraud, which has become a growing concern in the industry. AI-powered fraud detection systems can analyze large datasets to identify potential red flags and suspicious activities

By offering digital self-service options, lenders can enhance the overall borrower experience and attract tech-savvy customers.

The mortgage industry is subject to numerous regulations and compliance requirements. By automating compliance processes, lenders can reduce the risk of errors, improve audit trails and maintain regulatory compliance more effectively.

According to Economic times BFSI report, the use of AI and ML streamline loan approvals, predict default risks and detect fraud making the process faster and more secure.

4) Early detection of fraud:

According to the Federal Trade Commission’s 2022 consumer Sentinel Network Data book, consumers lost $ 5.8 billion to fraud the year before. Meanwhile, mortgage lenders are often responsible for the unpaid loans that result from fraudulent schemes.

Data analytics are instrumental in detecting and preventing mortgage fraud — from schemes that involve false information on borrower applications to document fabrication to identify theft to wire fraud.

By analyzing borrower data, identifying anomalies, and cross-referencing information, lenders can flag suspicious activities early in the application process.

This proactive approach saves lenders from financial losses and protects borrowers from potentially harmful fraudulent schemes ultimately resulting in minimization of potential risks.

5) Data driven decision making:

Mortgage lenders gather extensive data from loan applications, enhancing processing efficiency while navigating regulatory and technical challenges. Data-driven decision-making (DDDM) fosters innovation and efficiency, creating a seamless home ownership journey for all stakeholders.

Every year, lenders invest trillions to modernize their businesses, focusing on digitalization and automation. Despite these efforts, a lack of data culture hampers metrics like cycle time and approval rates. Lenders handle vast amounts of data, with each mortgage application containing at least 250 data points. The challenges they face include:

Siloed Data: Millions of borrowers’ data stored in various systems and formats, making visualization difficult.

Multiple Formats: Data from different channels, requiring digitization through OCR (Optical Character Recognition) systems.

Continuous Ingestion: Lenders continuously receive data in real time and in batches from multiple sources and there is continuous data flow.

Lenders with data analytics can leverage a 360-degree view of customers to personalize offers and tailor-fit prices within regulatory constraints through data-driven decision-making (DDDM). This involves identifying business problems, sourcing quality data, and using visual analytics to develop actionable insights.

In conclusion, Advanced data analytics allows lenders to boost conversions and revenue with inclusive mortgage products, streamline operations by removing redundant processes, and accurately detect fraud. It also aids in proactive customer relationship management, retaining clients and preventing revenue loss, ultimately enhancing efficiency and competitive positioning in the lending industry.

[rockhousemortgagellc]

Fix and flip for investors |Rockhouse Mortgage, LLC

For those seeking Conventional loans in Leesburg VA, let us be your trusted partner. As a VA loan provider, Rockhouse Mortgage, LLC specializes in offering a range of mortgage solutions tailored to your needs. Whether you're looking for non-QM loans, fix and flip options for investors, or assistance with refinancing or purchasing, our dedicated team is here to help. With our expertise as lending agents and mortgage loan advisors in your area, we provide personalized service and guidance throughout the mortgage process. Take the next step towards homeownership or refinancing by contacting Rockhouse Mortgage, LLC today. Let us assist you in securing the ideal mortgage solution for your goals and financial situation.

[fmarkets]

Angel Oak Mortgage REIT Reports a 2450% Increase in EPS for the Fiscal Period Ending March 31, 2024 $AOMR #spx #NYSE

Company's Focus on Non-QM Loans Leads to Significant Growth in Earnings Per ShareAngel Oak Mortgage REIT, Inc. is a leading real estate finance company that focuses on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The company recently reported its financial results for the first quarter of 2024, which showed a significant increase in earnings per share (EPS) and net income compared to the previous year. In the most recent fiscal period, Angel Oak Mortgage RE

[privocorp3]

Beyond Traditional Mortgages: Embracing the Rise of Non-QM Loans

In mortgage lending, traditional avenues have long dominated the landscape. However, as the financial industry evolves and borrowers’ needs diversify, there’s a notable surge in the popularity of Non-QM Loans. These loans cater to a variety of borrower profiles, offering flexible underwriting criteria, customized loan structures, and unique portfolio diversification opportunities for lenders. Yet, with these benefits come challenges in risk management and navigating a complex regulatory landscape.

1. Diverse Borrower Profiles:

Non-QM Loans open doors for borrowers who don’t fit neatly into traditional mortgage criteria. Whether self-employed individuals with fluctuating income, retirees with substantial assets but low reported income, or those with recent credit issues, non-QM loans provide solutions where traditional mortgages fall short. For example, self-employed borrowers often face hurdles in proving stable income proofs through conventional means. Non-QM Loans consider alternative documentation, such as bank statements, to assess creditworthiness, thus accommodating diverse borrower profiles effectively.

2. Flexible Underwriting Criteria:

Unlike conventional mortgages bound by stringent regulations, non-QM loans offer flexibility in underwriting criteria. While traditional loans heavily rely on credit scores and debt-to-income ratios, non-QM lenders take a holistic approach to evaluate borrowers’ financial situations. This flexibility allows borrowers with unique circumstances to access financing opportunities that would otherwise be unavailable to them. For instance, borrowers with recent credit events, such as bankruptcy or foreclosure, may still qualify for a non-QM loan if they demonstrate compensating factors such as substantial down payments or significant assets.

3. Customized Loan Structures:

One of the most appealing aspects of non-QM loans is their ability to tailor loan structures to meet specific borrower needs. Whether it’s interest-only payments, extended loan terms, or alternative documentation options, non-QM loans offer customization that traditional mortgages often lack. This flexibility enables borrowers to choose loan features that align with their financial goals and lifestyle preferences. For example, a borrower expecting a substantial increase in income in the near future may opt for an interest-only payment period to manage cash flow effectively.

4. Portfolio Diversification for Lenders:

Non-QM loans present an attractive opportunity for lenders to diversify their mortgage portfolios. By expanding beyond traditional loan products, lenders can mitigate risk and tap into new market segments. Additionally, non-QM loans often offer higher yields compared to conventional mortgages, providing an avenue for lenders to enhance their returns in a competitive market environment. Mortgage loan processing companies and efficient mortgage processing services play a crucial role in facilitating non-QM lending by providing efficient and specialized support in underwriting, documentation, and compliance management.

5. Risk Management Challenges:

While non-QM loans offer benefits in flexibility and portfolio diversification, they also pose unique risk management challenges for lenders. Assessing credit risk becomes more nuanced when traditional metrics may not fully capture a borrower’s ability to repay. Lenders must implement robust underwriting standards and risk mitigation strategies to navigate the inherent uncertainties associated with non-QM lending. Furthermore, maintaining compliance with evolving regulations adds another layer of complexity to risk management efforts.

6. Regulatory Landscape:

The regulatory landscape surrounding non-QM lending continues to evolve, shaping the industry’s trajectory. While the Dodd-Frank Act introduced stringent regulations in response to the 2008 financial crisis, subsequent amendments and regulatory guidance have provided clarity and flexibility for non-QM lending. However, compliance remains a key concern for lenders and non-QM mortgage brokers alike. Staying abreast of regulatory changes and ensuring adherence to compliance standards is paramount in navigating the regulatory landscape effectively.

Conclusion:

In conclusion, the rise of Non-QM Loans signifies a paradigm shift in the mortgage lending landscape. Offering solutions for diverse borrower profiles, flexibility in underwriting criteria, and customized loan structures, non-QM loans provide an alternative to traditional mortgages. For lenders, non-QM loans present opportunities for portfolio diversification and enhanced returns. However, navigating the risk management challenges and evolving regulatory landscape requires diligence and expertise. As the demand for non-QM loans continues to grow, mortgage loan processing companies and mortgage processing services will play a vital role in supporting efficient and compliant lending practices. Embracing the potential of non-QM loans while mitigating associated risks will be crucial for stakeholders across the mortgage industry.

To Know More: https://privocorp.com/blog/beyond-traditional-mortgages-embracing-the-rise-of-non-qm-loans/

[americamortgages]

America Mortgages Announces a Way to Obtain US Mortgages based on Rental Income Only

America Mortgages, the leader in U.S. mortgage originations launched a non-QM lending program for non-resident investors to qualify purely off the rental income

America Mortgages, Inc., the leader in U.S. mortgage loan originations for non-resident foreign nationals and U.S. Expats announced today that the company has launched its non-Qualified Mortgage (“non-QM”) lending program for global U.S. real estate investors where showing their “true” ability to service debt is limited. America Mortgages Investor Series Platinum allows foreign and U.S. expat investors in the U.S. real estate market to qualify purely off the rental income rather than proof of personal or business income.

“As we look ahead to a healthy and growing non-QM market, we are excited to provide options to qualified borrowers that sit outside the traditional guidelines, such as entrepreneurs that may have significant paper assets but not provable income in the traditional sense.” said Robert Chadwick, CEO of America Mortgages. “With our leading lending platform, we have the expertise, resources, capabilities and sophisticated products to help complex borrowers find the right lending solutions and pursue their goal of creating a viable U.S. real estate portfolio.”

We have the expertise, resources, capabilities and sophisticated products to help complex borrowers find the right lending solutions and pursue their goal of creating a U.S. real estate portfolio. — Robert Chadwick

Through its America Mortgages Investor Platinum Series, America Mortgages has built a suite of multiple distinct mortgage products that meet the various needs of international borrowers of U.S. real estate who may not otherwise satisfy conventional financing requirements. Those who may be able to benefit from America Mortgages’ non-QM U.S. investment mortgage products include borrowers that fall outside the qualified mortgage requirement such as true foreign nationals and with no U.S. credit, self-employed borrowers, bank statement or asset backed, real estate investors, prime HNW (High-Net-Worth) individuals and more.

Across America Mortgages’ non-QM U.S. investment platform, the company has built an efficient lending process that utilizes both technology and human interaction, guiding borrowers from product selection through loan closing. Dedicated and experienced experts from sales, support desks, underwriting and operations working around the world assist throughout the loan process.

“As we further grow our footprint in Non Resident Foreign National and U.S. Expat mortgage lending, we are committed to underwriting quality loans that meet our guidelines and pricing models. Our product suite is differentiated with various options to fit specific borrower criteria and needs. Matched with our superior customer service, growing technology capabilities and end-to-end platform, each lending experience is treated delicately from start to finish. Our non U.S. resident foreign national borrowers will also benefit from our experience.” added James Morales, Head of Operations of America Mortgages. “100% of our clients are U.S. real estate investors living and working outside the U.S. No one does this type of mortgages better than America Mortgages.”

Headquartered in San Antonio, Texas and Singapore, and with representation across 12 different countries including the UK, Australia, Canada, Europe and Hong Kong to name a few, America Mortgages specializes in finding the right loan for every borrower. With loan officers in 12 different countries, speaking 8 different languages and working on a 24 hour clock, there is no longer the need for international U.S. real estate investors to speak with lenders at 3am or spend hours on hold. America Mortgages’ offers a wide range of U.S. mortgage products that do not require U.S. credit and can get LTVs (Loan to Value) up to 75% in all 50 states. Helping global real estate investors make the dream of U.S. ownership attainable. Visit AmericaMortgages.com for more information on products and instructions on applying for a loan.

About America Mortgages and Global Mortgage Group

Founded in 2019, Global Mortgage Group PTE LTD [GMG], and headquartered in Singapore, is a full-service global mortgage financing firm offering mortgages for investment purposes in The United States, Australia, Canada, United Kingdom, Germany, France, Spain, Singapore, Hong Kong, Philippines, Thailand, Japan to name a few. For more information, visit www.gmg.asia or call +65 9773 0273.

Founded in 2020, America Mortgages, Inc. is a wholly owned subsidiary of Global Mortgage Group PTE LTD [GMG]. America Mortgages headquartered in San Antonio, TX, with representation in 12 different countries, is dedicated to providing U.S. mortgage options for non-resident Foreign Nationals and U.S. Expats. 100% of America Mortgages [AM] clients are living and working outside of the U.S. Both GMG and AM focus on building quality, long-term relationships with its partners such as Private Banks, EAM, Family Offices, Realtors and other mortgage broker located around the world by offering a wide variety of mortgage loan programs focused on specific markets with an exceptional client experience. For more information, visit www.americamortgages.com or call +1 830-217-6608.

Robert Chadwick

America Mortgages. Inc

+65 8430 1541

Reference: https://www.americamortgages.com/america-mortgages-announces-a-way-to-obtain-us-mortgages-based-on-rental-income-only