Topic: Non-QM Loans After Bankruptcy With No Waiting Period
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Down payments vary by program. We have bank testament loans that allow 10% down with a score over 740.
15% down payment is possible as low as 660
Scores down to 550 require 35-40% down, which may sound daunting, but many families are fortunate enough to have a strong equity position in their current home, or savings. We can thankfully utilize their strong position to move them forward.
We can even use our non-qm programs to work around recent mortgage lates. Alternative programs are a great tool!