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That’s why real estate investors love working with us. We have loan programs that can make it easier to buy and sell investment properties so that you can focus on building your portfolios. These programs are ideal for self-employed borrowers. (FGMC) filed for Chapter 11 bankruptcy protection at the end of June leaving four warehouse lenders on the hook for more than 415 million. These regulations were issued in 2014 to ensure borrowers. Whatever the case, non-qualified mortgages (non-QMs) are making mortgage loans possible for more people, no matter what their circumstances, and they are on the. Im excited to announce that I now have access to even more non-QM residential loan programs. Non-QM lender First Guaranty Mortgage Corp. If you’ve been turned away by others for reasons such as lack of credit, low credit score, or history of late payments, speak with our experienced loan specialists and see if our alternative loan programs are right for you.ĭiamond believes in the power of real estate as part of a diverse investment strategy. A non-QM mortgage is one that doesnt adhere to the lending standards set out by the Dodd-Frank Act. We can help when a not-so-perfect credit history prevents you from getting a mortgage. Speak with one of our experienced loan specialists and see how we can help you achieve homeownership today. We can offer financing much sooner than you think. Speak with our trusted loan specialists about our specialty products and we will help guide you through the loan process.ĭid you know that experiencing a short sale or foreclosure on your property could prevent you from purchasing a new home for up to 7 years? Diamond understands that being a homeowner today rather than years from now is important to you, your family, and your future. Ideal for borrowers, like the self-employed, that dont fit Agency or Government Qualified Mortgage standards based on credit quality. If you have a high debt-to-income ratio that does not qualify for a standard loan or if you want special loan features, such as interest-only payments, Diamond Residential Mortgage is here to help. We can work with borrowers who oftentimes have multiple streams of income, paid in lump sums, or are self-employed and absorb business expenses onto their personal tax returns. Diamond Mortgage is your trusted lender when it comes to alternative methods for income qualification. Learn more about why we are considered a top leader in the Non-QM industry:ĭon’t let non-traditional income prevent you from owning a home.
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We offer flexible financing when traditional qualification methods simply will not work. Diamond Mortgage is committed to meeting the needs of all borrowers - not just those who fit into the conventional standards of a qualified mortgage.