Non-Agency Loans: Flexible Financing Beyond Conventional Limits

Eligibility for a Non-Agency Loan depends on your specific financial situation. These loans are designed for:

• Self-employed borrowers who may not have traditional income documentation.
• Real estate investors who are looking for financing based on rental income or property cash flow.
• High-net-worth individuals who may not meet the income criteria for traditional loans.
• Foreign nationals who want to invest in U.S. real estate.
• Borrowers with non-traditional credit histories or those who may have difficulty qualifying for conventional loans.

The key benefits of Non-Agency Loans include:

• Flexible Terms: Customizable loan options to suit your specific financial situation.
• No Strict Income Requirements: Unlike traditional loans, Non-Agency Loans can be more forgiving when it comes to income verification.
• Higher Loan Amounts: Non-Agency Loans, such as Jumbo Loans, offer financing for high-value properties that exceed traditional loan limits.
• Faster Approval and Funding: Streamlined application processes for quicker approval and funding.
• No Prepayment Penalties: You can pay off your loan early without incurring penalties.

Non-Agency Loans differ from traditional loans in several ways:

• They do not follow the strict guidelines set by Fannie Mae or Freddie Mac.
• They are often designed for non-traditional borrowers, such as self-employed individuals, investors, and high-net-worth individuals.
• The underwriting process for Non-Agency Loans is more flexible, taking into account factors like assets, property cash flow, and business income rather than just salary-based income.

If you’re unable to make your loan payments, it’s important to contact Crestico Funding as soon as possible. We can discuss your options, including loan modification or payment deferment, depending on the circumstances. It’s crucial to address any payment difficulties early to avoid foreclosure or other financial consequences.