In an everevolving mortgage lending landscape , NONQM mortgage loans are emerging as the industry ' s future , providing opportunities for a wider range of borrowers to achieve their homeownership and investment goals . Stratton Equities , a leading nationwide private money and NONQM mortgage lender , has been at the forefront of this revolution for the past six years , setting the pace for other companies to follow .
NONQM mortgage loans , short for nonqualified mortgage loans , have gained significant traction in recent years
as a viable alternative to traditional QM ( qualified mortgage ) mortgage loans , which come with stringent government regulations and eligibility criteria . Recent statistics reveal that only a small percentage of Americans qualify for QM loans due to these stringent requirements .
According to industry data , the demand for NONQM mortgage loans has steadily increased yearly , with a notable surge in the past few years . In 2023 alone , NONQM loans accounted for a significant portion of the mortgage market , surpassing expectations . It has been estimated that one in four loans will go NONQM in the near future .
Stratton Equities recognized the
potential of NONQM loans six years ago , positioning themselves as pioneers in private money lending , specifically NONQM mortgage loans . This early recognition of market trends has been the cornerstone of their continued success .
Michael Mikhail , CEO and Founder of Stratton Equities , emphasized their focus on generating NONQM leads and their commitment to offering a wide range of lending programs , including NONQM , DSCR , Hard Money , and No Doc Loans . He stated , " Our aim has always been to provide solutions that cater to a broader spectrum of borrowers . Stratton Equities had the foresight six years ago to recognize the market ' s direction , which is why we were at the forefront of NONQM mortgage lending . This serves as a foundation for our continued success ."
NONQM mortgage loans are designed to serve most Americans who do not meet the strict eligibility criteria of QM loans . These loans facilitate home ownership , second home ownership , and investment properties , allowing income generation and wealth building for a more diverse range of borrowers . Contrary to misconceptions , NONQM mortgage loans often offer competitive rates , making them attractive .
Traditional lenders like banks and credit unions primarily offer QM loans for onetofourfamily investment properties . However , these loans have heavy documentation requirements and lower loantovalue ( LTV ) ratios ,
typically capping at 70 %. Stratton Equities stands out by providing NON QM mortgage loans for such properties with easier qualifications , lower documentation requirements , and higher LTV ratios , currently at 80 %.
Stratton Equities also recommends closing within an LLC for investment properties due to tax and security advantages . Despite some lingering stigma associated with NONQM mortgage loans , they often result in lower rates , higher LTVs , and streamlined documentation , making them a practical choice for borrowers .
Educating borrowers about the advantages of NONQM mortgage loans and dispelling misconceptions is vital . Stratton Equities is committed to leading the way in providing these beneficial lending options and believes in the potential for growth and success in this market . Their loan officers benefit from the advantages offered by the company , including a consistent stream of leads , as exemplified by recent hires who have quickly achieved success within the organization .
Stratton Equities invites individuals and investors to explore the world of NONQM mortgage loans and discover the possibilities for achieving their financial goals .
For more information about Stratton Equities , please visit their website at https :// www . strattonequities . com . Follow Stratton Equities on social media on Instagram , Facebook , and YouTube @ StrattonEquities , LinkedIn @ strattonequities , and Twitter @ Strattonequity .
" Our aim has always been to provide solutions that cater to a broader spectrum of borrowers . Stratton Equities had the foresight six years ago to recognize the market ' s direction , which is why we were at the forefront of NONQM mortgage lending . This serves as a foundation for our continued success ."
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