Several wholesale mortgage lenders are now offering Non-QM programs. Other recently announced offerings include Alt-A, jumbo and nonprime programs.
Non-QM agency and hard-money mortgages are being offered by ALTRA Mortgage Capital LLC-subsidiary ALTLOAN, a news release Tuesday said. Loan amounts as high as $3 million are available for one- to four-unit properties.
Costa Mesa, California-based ALTLOAN said its offerings include prime jumbo, Alt-A and nonprime as well as investor bridge loans and fix-and-flip loans.
Source: Mortgage Daily