Key features
- Large-balance and jumbo-size refinance options outside conventional guidelines
- Alternative-income qualification including eligible bank-statement and P&L programs
- Eligible 1099 programs may qualify income without applying a traditional expense ratio
- Stated-income and other alternative-documentation options may be available for eligible borrowers and transactions
- Some Non-QM or equity-focused programs may consider lower credit scores or mortgage lates
- Cash-out and rate-and-term structures depend on equity, property, occupancy and lender requirements
Who this is designed for
Borrowers who need a large loan amount or refinance but do not fit conventional or agency guidelines because of credit, income documentation, county limits, mortgage history or another underwriting constraint.
Property types and uses
Potential scenarios include a conventional refinance denial, an FHA borrower limited by county loan caps, jumbo-size financing with a nontraditional credit profile, self-employed or 1099 income and eligible cash-out needs.
Common questions
Can I refinance if a conventional lender denied me?+
Potentially. Non-QM and equity-focused lenders evaluate some scenarios differently from conventional programs. The reason for the denial, property equity, credit and documentation determine the available options.
What if my FHA loan limit does not provide enough cash-out?+
A borrower with sufficient equity may have Non-QM or other refinance options outside FHA county loan limits, subject to credit, property, occupancy and lender requirements.
Can a 1099 borrower qualify without a traditional expense ratio?+
Some eligible Non-QM programs may qualify using 1099 income without applying a traditional expense ratio. Exact documentation, history and eligibility rules vary by lender.
Are stated-income loans available?+
Stated-income and alternative-documentation options may be available for eligible borrowers and transactions. Availability depends heavily on occupancy, loan purpose, property and lender guidelines.
Can mortgage lates or lower credit still qualify?+
Some Non-QM and equity-focused programs may consider credit profiles or mortgage histories that conventional programs do not. Approval is never guaranteed and lender requirements vary.
Related financing
Tell us your scenario
CTC Equity compares your scenario across its lender network. Program availability, pricing, leverage and documentation requirements vary by lender, borrower and property.