Denied a Mortgage? See If You Qualify for a Non-QM Loan

Описание: Are you struggling to secure a traditional mortgage? First National Bank of America (FNBA) specializes in Non-Qualified Mortgage (Non-QM) loans, offering nationwide solutions for borrowers who don’t meet conventional lending criteria.
In this video, Tom Watters, Head of Residential Lending at FNBA, explains how Non-QM loans work and who they help. Whether you're self-employed, have non-traditional income, or need financing for a unique property, FNBA provides homeownership solutions that fit your real-life situation.
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What You’ll Learn in This Video:
• Understanding Non-QM Loans – Learn what Non-QM loans are and how they differ from traditional mortgages.
• Alternative Income Documentation – Discover the different ways you can document your income if you are self-employed and have non-traditional income.
• Diverse Property Financing – Find out about the different property types FNBA finances, including mobile homes, vacant land, and recreational properties.
• Loan Processing & Timelines – Understand FNBA’s 30-day average loan closing process and how to prepare for a smooth transaction.
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Common Questions Answered in This Video:
• What is a Non-QM loan, and how does it differ from a traditional mortgage?
• Why do borrowers struggle with conventional mortgage approvals?
• What income verification options are available for Non-QM loans?
• What types of properties can be financed with a Non-QM loan?
• How long does it typically take to close a Non-QM loan?
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Why Choose FNBA for Your Mortgage Needs?
FNBA is a nationwide lender with decades of experience helping borrowers across the country. We understand the unique challenges homebuyers face and provide loan options tailored to meet your needs.
What makes FNBA different?
• Qualify using Alternative Income – Our Non-QM loans allow borrowers to use Bank Statements, Profit & Loss Statements, Assets when tax returns don’t reflect your full income.
• Expanded Credit Considerations – FNBA works with people limited or no credit history.
• Property Type Flexibility – Financing is available for most property types including vacant land, mobile homes, non-warrantable condos.
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Get Started Today!
If a traditional lender has turned you down because you didn’t meet their strict qualification guidelines, that doesn’t mean you can’t qualify for a mortgage. FNBA offers alternative solutions to help borrowers who don’t fit traditional loan programs.
Learn More & Apply Today: www.fnba.com/mortgage
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Connect with First National Bank of America
Official Website: https://www.fnba.com/
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NMLS# 413209 | EQUAL HOUSING LENDER


00:00 – Why Most Borrowers Come to First National Bank of America
00:15 – We Lend in All 50 States: The Advantage of a Federally Chartered Bank
00:48 – QM vs. Non-QM Mortgages: What’s the Real Difference?
01:08 – How Tax Returns and Income Impact Traditional Mortgage Approval
01:25 – What to Do If You Don’t Qualify for a QM Loan
01:48 – Common Reasons Borrowers Are Denied by Traditional Lenders
02:18 – How to Prove Income Without Tax Returns: Bank Statements & P&L or 1099
02:35 – Why Traditional Lenders Reject Bank Statement Loans
03:03 – Down Payment Requirements for Non-QM Mortgages
03:24 – How Credit Score Impacts Your Down Payment
04:28 – Using Gift Funds for Your Mortgage Down Payment
05:07 – How First National Evaluates Credit Scores for Non-QM Loans
05:33– Mortgages for ITIN Borrowers: No Social Security Number Needed
06:34 – Equal Treatment for ITIN and SSN Borrowers
06:53 – Unique Property Loans: What You Need to Know
07:29– Mobile Home Loan Requirements Explained
07:46 – What Makes a Mobile Home Eligible for a Loan?
08:02 – Why Mobile Homes Must Be Affixed to Land
08:30 – How Long Does It Take to Close a Non-QM Mortgage?
08:52 – What Can Delay Your Mortgage Closing and How to Avoid It
09:31 – How to Determine an Affordable Mortgage Payment
09:56 – Pre-Qualifying Based on Your Desired Payment
10:24 – What If You Don’t Qualify Now? Creating a Mortgage Game Plan
11:05 – How First National Stays in Touch Until You Qualify
11:31 – How to Start Your Non-QM Mortgage Application
11:43 – How to Reach First National Bank and Get Started