Jumbo Non-QM Loans: Luxury Living, Flexible Financing

• Jumbo Non-QM loans are mortgages that exceed the conforming loan limits set by Fannie Mae and Freddie Mac, designed for high-value properties. They differ from traditional jumbo loans by offering more flexible qualification criteria, making them accessible to borrowers who may not meet the strict income and documentation requirements of conventional jumbo loans.

Jumbo Non-QM loans are ideal for:

• High-net-worth individuals: Those with significant assets but fluctuating or non-traditional income sources.
• Real estate investors: Investors who want to finance luxury or high-value rental properties.
• Self-employed professionals: Business owners, freelancers, and contractors who may not have standard income documentation.
• Foreign nationals: Non-U.S. citizens seeking to purchase property in the United States.

Jumbo Non-QM loans offer several key benefits:

• Higher loan amounts: Finance luxury homes or high-value properties beyond traditional loan limits.
• Flexible income verification: Use bank statements, asset statements, or other alternative documentation.
• Lower down payment options: Some programs require smaller down payments than traditional jumbo loans.
• Faster approvals: Streamlined underwriting for quicker loan decisions.
• Asset-based qualification: Leverage your assets to demonstrate your financial strength.

Ameritrust Mortgage offers a variety of Jumbo Non-QM Loan programs, including:

• Jumbo Bank Statement Loans: Qualify based on your bank statements.
• Jumbo Asset Depletion Loans: Use your assets to qualify.
• Jumbo Investor Cash Flow Loans: Some programs require smaller down payments than traditional jumbo loans.
• Faster approvals: Qualify based on your rental property income.
• Jumbo Loans for Foreign Nationals: Specialized programs for non-U.S. citizens.

While requirements vary depending on the specific program, common criteria include:

• Good credit history: Typically a minimum credit score of 680 or higher.
• Sufficient assets: Demonstrate the ability to make a down payment and cover closing costs.
• Verifiable income or assets: Provide documentation of your income sources or asset holdings.
• Property appraisal: A professional appraisal is required to assess the property's value.

Interest rates for Jumbo Non-QM Loans can vary depending on various factors such as the loan program, your creditworthiness, and the current market conditions. Ameritrust Mortgage offers competitive interest rates and flexible terms for qualified borrowers.

As with any loan, there are some risks to consider:

• Higher interest rates: Jumbo Non-QM loans may have slightly higher interest rates than traditional jumbo loans due to their flexible qualification criteria.
• Prepayment penalties: Some Jumbo Non-QM loans may have prepayment penalties, meaning you'll be charged a fee if you pay off the loan early.

Applying for a Jumbo Non-QM loan is easy with Ameritrust Mortgage. Simply contact us to discuss your needs and goals. Our experienced loan officers will guide you through the entire process, from pre-qualification to closing, and help you find the right loan program for your unique financial situation.