Advantages of Non-QM Home Loans Over Conventional Loans

This loan program is considered Non-QM or Non-Qualifying because it does not qualify to adhere to stricter governmental standards of QM mortgages (or Qualifying Mortgages) that conform to that standards set by FNMA and FHLMC (Fannie Mae and Freddie Mac) and HUD (Department of Housing and Urban Development). By having this program more neutral and independent, it does not make it a riskier program but...

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