NON-QM PRODUCTS

We understand that the traditional one-size-fits-all approach to mortgages doesn't work for everyone. That's why we offer Non-QM (Non-Qualified Mortgage) loan products, designed to provide flexible financing solutions for borrowers with unique financial situations. Whether you're an entrepreneur, self-employed, or have a non-traditional income stream, our Non-QM loans can help make homeownership a reality.

BANK STATEMENT PROGRAM
PROFIT AND LOSS PROGRAM
DSCR LOAN

OVERVIEW:

BANK STATEMENT

PROFIT AND LOSS

DSCR LOAN

This innovative solution leverages your bank statements to demonstrate income, bypassing the traditional requirement for W-2s and tax returns. It's designed to make mortgage qualification more accessible and hassle-free for those with non-traditional income patterns.

How Bank Statement Loans Work:

Income Verification Through Bank Statements: We use 12 to 24 months of your personal or business bank statements to establish your income, offering a clear picture of your financial health and cash flow.
Designed for the Self-Employed: Ideal for freelancers, consultants, gig workers, and small business owners whose income may not be fully reflected in traditional tax documents.
Simplified Application Process: By focusing on bank statements, we streamline the application process, making it quicker and less complicated for you to qualify for a mortgage.

Our Profit and Loss (P&L) Statement Loan option, part of our comprehensive Non-QM loan offerings, is specifically designed to cater to the unique circumstances of entrepreneurs who may not have traditional forms of income documentation. This approach allows us to use your business's P&L statement as a reliable indicator of your income, facilitating a smoother mortgage qualification process.

How P&L Statement Loans Work:

Income Verification Through P&L Statements: We assess your income based on the P&L statements of your business, considering both your revenues and expenses to understand your true financial standing.
Tailored for Entrepreneurs and Self-Employed Individuals: This loan option is perfect for those who own a business or work independently and can provide a detailed P&L statement that reflects their business performance.
Streamlined Application Process: By leveraging your P&L statements, we aim to make the application and approval process as efficient and straightforward as possible, minimizing the need for extensive documentation.

Understanding the unique challenges and opportunities faced by real estate investors, Virtualending is proud to offer Debt Service Coverage Ratio (DSCR) loans as a key part of our Non-QM loan products. Designed with the needs of property investors in mind, our DSCR loans evaluate the potential cash flow of investment properties to determine loan eligibility, rather than solely relying on the personal income of the investor. This innovative approach provides a flexible financing solution for acquiring or refinancing rental properties.

HOW DSCR LOANS WORK:

Cash Flow-Based Lending: Eligibility is determined by the property's income-generating potential, measured by the DSCR, which compares the property's annual net operating income to its annual mortgage debt service.
No Personal Income Verification: This loan type simplifies the application process for investors by focusing on the property's financial performance rather than personal income, making it an excellent option for those with multiple investment properties.
Flexible Loan Terms: Our DSCR loans come with various term options and competitive rates, allowing you to choose the best fit for your investment strategy and financial goals.