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IMN Loan Programs: AltQM Loans

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HomeStyle Renovation LoansIntercounty Mortgage Network is now able to approve loans that fall outside certain limits set by Fannie Mae and Freddie Mac, as well as Consumer Financial Protection Bureau (CFPB) rules. If you are a borrower who has struggled to meet qualified mortgage (QM) guidelines, Intercounty Mortgage Network, offers new opportunities to get you beyond a “no” to a “yes”!  via of new AltQM Loan Program

Whether you’re a self-employed borrower, a foreign national, or a real estate investor with multiple properties, these new non-QM programs, or AltQM, may be able to get you financed.  Non-QM means just like it sounds, the opposite of a qualified mortgage (QM).  Signifying that you don’t have to let a near miss home loan disqualification discourage you as one or our new Flex AltQM programs may provide for a second chance.

AltQM Loan Key Features

Flex Income – Ideal for self-employed borrowers with larger property values

  • For self-employed borrowers (using bank statements for the most recent 12 months)
  • Available as an adjustable rate mortgages (ARMs)
  • Cash out availability
  • Up to 10 financed properties
  • Loan amount options up to $2M
  • Flexibility in debt ratio – ask for details

Flex Choice – Ideal for a near miss from previous attempts to get home financing

  • For purchase and refinance for primary residence, second home, or investment property
  • Available as an adjustable rate mortgages (ARMs)
  • Cash Out availability
  • Less than perfect credit ok
  • Flexibility in debt ratio – ask for details

Flex Jumbo – Ideal for larger property values

  • For purchase and refinance for primary residence, second home, or investment property
  • Available as an adjustable rate mortgage (ARM) or interest only mortgage
  • Cash out availability
  • Larger loan amount options up to $3M
  • Foreign national borrowers ok
  • Flexibility in debt ratio – ask for details

More Information on AltQM Loans

For more information on our AltQM Loan Program, please contact Anthony DiLeo at (732) 264-2700 x 18, email at anthony@intercountymortgage.com, or complete a Fast Quote request on our website.

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