Source: Expanding Your Offerings by Embracing Non-QM
Shortcut to getting a non conventional loan,
- Tell your “story” : why are you seeking non conventional
- What is your job(how do you make money) and how can prove? (bank statements, cash ,other…) important as we still have to meet the fed regulations
- what is approx credit, what is explanation for any negative items
- Package up the above info in summary along with (12 bank statements, PFS, credit if you have copy and last 2 years tax returns , (not always needed)