Diane Luongo Gazich - C2 Financial Corporation

Flexible Financing for Unique Income and Credit Situations

Non-Qualified Mortgage (NQM) Loans

If traditional loans don’t fit your situation, Non-Qualified Mortgage (NQM) Loans offer flexible options for self-employed borrowers, real estate investors, and those with non-traditional income or credit challenges. Whether you need a bank statement loan, an asset-based loan, or financing for investment properties, we’ll create a solution that works for you. Get started today and find the right loan for your needs!

Answers to Your Questions About Flexible Financing.

Non-Qualified Mortgage (NQM) Loans – FAQs Made Simple.

Have questions about Non-Qualified Mortgage (NQM) Loans? Whether you’re wondering about eligibility, loan types, or how to qualify, we’ve got the answers you need. Explore our FAQs to learn more and feel confident about your next steps.
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What Are Non-Qualified Mortgage (NQM) Loans?

Non-Qualified Mortgage (NQM) Loans are designed for borrowers who don’t meet the strict guidelines of traditional mortgage programs. Unlike conventional loans, which require proof of income through W-2s or tax returns, NQM loans offer flexible options for verifying income. These loans are ideal for self-employed borrowers, freelancers, real estate investors, and those with non-traditional income sources.

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How Do NQM Loans Work?

NQM loans provide financing solutions for borrowers who may have difficulty qualifying for conventional loans due to variable income, credit challenges, or unique financial situations. Instead of relying solely on tax returns or pay stubs, these loans allow lenders to use bank statements, profit and loss statements, asset documentation, or rental income to determine eligibility. NQM loans can be used to purchase primary residences, second homes, and investment properties, making them a versatile financing option.

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Key Features of Non-Qualified Mortgage Loans

NQM loans are designed to meet the needs of borrowers with non-traditional income streams. These loans offer flexible income verification methods, including bank statements and asset-based documentation. Borrowers can access higher debt-to-income (DTI) ratios, making it easier to qualify if they have significant assets but irregular income. NQM loans also provide financing for investment properties, fix-and-flip projects, and vacation homes, ensuring flexibility for investors and self-employed individuals. Additionally, these loans do not require private mortgage insurance (PMI), even with smaller down payments.

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Who Qualifies for an NQM Loan?

NQM loans are designed for borrowers who may not fit the criteria for conventional loans. This includes self-employed borrowers who rely on bank statements rather than tax returns to verify income. Real estate investors and property flippers who need financing based on rental income or future property value can also qualify. Borrowers with lower credit scores or recent credit events, such as bankruptcies or foreclosures, may still be eligible for NQM loans. These loans are also ideal for those with high debt-to-income (DTI) ratios who can demonstrate strong cash flow or assets to support repayment.

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Benefits of NQM Loans

NQM loans offer a lifeline for borrowers with non-traditional income or credit challenges. They provide flexible options for income verification, allowing self-employed individuals and business owners to qualify using bank statements or assets instead of W-2s. These loans are perfect for purchasing primary residences, vacation homes, or investment properties, giving borrowers more flexibility. With higher loan limits and no PMI requirements, NQM loans provide financing options that are not available with conventional loans.

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NQM Loans vs. Conventional Loans

Conventional loans require strict documentation, including W-2s, tax returns, and low DTI ratios, which may exclude borrowers with irregular income or high debt loads. In contrast, NQM loans offer flexible guidelines, allowing borrowers to qualify based on bank statements, assets, or rental income. While NQM loans may have higher interest rates due to increased risk, they fill an essential gap for borrowers who don’t meet traditional lending requirements.

Home Loans Made Simple

Types of Non-Qualified Mortgage (NQM) Loans

These flexible NQM loan options make homeownership and investment opportunities possible for borrowers with non-traditional income, credit challenges, or unique financial situations.
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Bank Statement Loans

Designed for self-employed borrowers and small business owners who can’t provide traditional income verification. Instead of W-2s or tax returns, lenders use 12–24 months of bank statements to verify income.

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Asset-Based Loans

Ideal for borrowers with significant liquid assets but irregular income streams. Eligibility is based on total assets, such as savings accounts, investment portfolios, or retirement funds, rather than traditional income sources.

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Debt-Service Coverage Ratio (DSCR) Loans

Perfect for real estate investors looking to finance rental properties. These loans qualify borrowers based on the property’s rental income rather than personal income, making it easier to grow a real estate portfolio.

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Interest-Only Loans

Designed for borrowers who want lower initial payments. These loans allow borrowers to pay only the interest for a set period, making them ideal for investment properties or buyers expecting a future income increase.

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Foreign National Loans

Tailored for non-U.S. citizens or foreign investors who want to purchase property in the United States. These loans often require a larger down payment and proof of international income or assets.

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ITIN Loans

Created for borrowers without a Social Security Number, such as those with an Individual Taxpayer Identification Number (ITIN). These loans help immigrants and non-citizens secure financing.

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Recent Credit Event Loans

Ideal for borrowers with recent bankruptcies, foreclosures, or short sales who may not qualify for traditional loans. These loans focus more on current income stability and assets than past credit history.

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Jumbo NQM Loans

For borrowers needing loan amounts above conventional limits who may not meet traditional underwriting criteria. These loans offer financing for luxury homes and high-value properties.

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Fix-and-Flip Loans

Targeted toward real estate investors who plan to purchase, renovate, and resell properties. These short-term loans provide quick financing for investment projects.

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Non-Warrantable Condo Loans

For buyers interested in condos that don’t meet traditional lending requirements due to factors like high investor concentration or pending litigation within the development.

 

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Serving Communities Across California

I’m proud to assist clients throughout California, including Orange County, Los Angeles County, Riverside County, San Diego, Ventura, and Santa Barbara. Whether you’re in Beverly Hills, Newport Beach, Huntington Beach, Santa Monica, or Calabasas, I’m here to provide personalized mortgage solutions tailored to your needs.

Expert Mortgage Guidance Every Step

At Diane Luongo Gazich - C2 Financial Corporation, we pride ourselves on delivering unparalleled expertise and a personalized approach to mortgage advisory services. As a Certified Mortgage Advisor in Fullerton, Orange County, CA, Diane brings a wealth of knowledge and a commitment to integrity that sets her apart in the industry. With a deep understanding of the ever-changing mortgage landscape, she ensures tailored solutions that align with your financial goals. Discover the advantage of working with a dedicated professional who prioritizes clarity, communication, and customer satisfaction at every step of your mortgage journey.

Answers to Your Questions About Flexible Financing.

Non-Qualified Mortgage (NQM) Loans – FAQs Made Simple.

Have questions about Non-Qualified Mortgage (NQM) Loans? Whether you’re wondering about eligibility, loan types, or how to qualify, we’ve got the answers you need. Explore our FAQs to learn more and feel confident about your next steps.

What is the difference between NQM Loans and Qualified Mortgages?

Qualified Mortgages follow strict guidelines set by Fannie Mae and Freddie Mac, requiring specific income documentation, low DTI ratios, and strict credit requirements. NQM loans are more flexible and cater to borrowers with unique income situations, higher DTI ratios, or recent credit events.

What types of income can be used to qualify for NQM Loans?

Borrowers can qualify using bank statements, profit and loss statements, rental income, investment returns, and asset documentation instead of W-2s or tax returns.

What credit score is needed for an NQM Loan?

Most lenders require a credit score of 600 or higher, but guidelines can vary depending on the loan amount, down payment, and financial reserves.

Can I use an NQM Loan for an investment property?

Yes, NQM loans can finance investment properties, including multi-family units, fix-and-flip projects, and rental properties.

Are the interest rates higher for NQM Loans?

Because NQM loans carry higher risk, they may have slightly higher interest rates than conventional loans. However, rates are still competitive, and borrowers benefit from flexible qualification options.

How much down payment is required for an NQM Loan?

Most NQM loans require a 10–20% down payment, depending on the borrower’s credit score, income verification, and loan size.

Can I refinance with an NQM Loan?

Yes, NQM loans can be used to refinance existing mortgages, access home equity, or consolidate debt.

How long does it take to close on an NQM Loan?

The process usually takes 30–45 days, depending on documentation and underwriting. Pre-approval can help speed up the process.

What documents are required to apply for an NQM Loan?

Documentation may include bank statements, profit and loss statements, rental agreements, and proof of assets. Self-employed borrowers often need 12–24 months of bank statements as part of the application.

Get Started Today!

If you have non-traditional income, credit challenges, or need flexible financing options, an NQM Loan could be the perfect solution. Contact me today to discuss your options and start the journey to owning your dream home or expanding your real estate investments.

It was a pleasure working with Diane for the first time! As a listing agent and a brokerage owner, I was impressed with how smoothly this transaction went. I have worked with numerous mortgage brokers, and not all of them stay on top of what needs to be done. Diane met every deadline and closed exactly on time, requiring minimal back-and-forth. It was a notably easy process – I never had to chase her for anything. While I was the listing agent and didn't choose her directly, her efficiency and professionalism would make me comfortable having buyers work with her in the future.

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Meri Rama

Meri Rama

8 days ago

Wonderful service! Makes house buying easy. I will be using Diane again and again ❤️

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jessica wong

jessica wong

20 days ago

Collaborating with Diane was an absolute pleasure! As a real estate agent, I was impressed by how seamlessly she worked with both our team and her long-time clients in Whittier during this transaction. She knew exactly when to jump in to help move things along, and her communication was consistently responsive and clear throughout the process. Even with some unique circumstances that extended our timeline, Diane got everything done efficiently once we were back in escrow – closing in just 21 days. She met every deadline and was always there when we needed support to bring the file to closing. Having now seen how well she works with her clients and handles timelines, I'd definitely recommend Diane to other buyers looking for a responsive, deadline-driven lender in California. Her expertise and attention to detail make her the perfect choice for anyone seeking a reliable and professional mortgage broker.

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Lupita Cazares

Lupita Cazares

1 month ago

I was amazed at how easily Diane handled my mortgage! As a business owner with a complicated financial profile, she navigated my intertwined business and personal finances effortlessly. Between my S-Corp business, stock investments, and rental properties, other mortgage brokers have struggled or even denied me – but Diane never made it seem like a concern. Everything during the process to obtain my jumbo loan was streamlined and simple. Unlike other mortgage lenders who just give you a portal and checklist to figure out yourself, Diane handled everything personally. I'd email her documents, and she'd take care of the rest. She also educated me about the mortgage market, explaining how mortgage rates relate to 10-year bonds and advising us on timing around the election, which saved us about half a point on our rate. After working with her on a previous offer that didn't pan out, I immediately called her for this property in Whittier, CA, because she was so great to work with. She already had all my information ready to go, making the process incredibly smooth. I'll definitely use her again when it's time to refinance next year.

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Vince Cordova

Vince Cordova

1 month ago

Diane was by far the most efficient mortgage broker we've worked with in California. My husband's schedule is pretty busy, and we needed someone who could process information quickly while still explaining everything step by step for us. Her communication was fantastic. She walked us through the whole mortgage process and communicated exactly what documents we needed while helping us understand the current market conditions. Not only was she always available for questions, but she could explain mortgage concepts on a higher level than other lenders I've worked with. Her knowledge is just incredible - and despite the challenging market - she secured us a great mortgage rate. The experience was so smooth that we're already planning to use her again for refinancing in six months. The whole mortgage process was just easier and more straightforward than my past experiences, and I wouldn't hesitate to recommend her to anyone in the Whittier, CA area.

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Denise Cordova

Denise Cordova

1 month ago

Diane Gazich is a mortgage broker with an amazing ability to secure home loans quickly - we closed three days ahead of our already tight 25-day timeline!! I was impressed with how she went beyond just handling the business side to help resolve issues that came up during our transaction. She was willing to get personally involved to work through any problems and make things happen faster. Based on this experience, I'll definitely keep Diane on my list of trusted mortgage brokers.

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Joy Olea Realtor

Joy Olea Realtor

1 month ago

Get Started Today!

If you have non-traditional income, credit challenges, or need flexible financing options, an NQM Loan could be the perfect solution. Contact me today to discuss your options and start the journey to owning your dream home or expanding your real estate investments.

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