As a self-employed individual or someone with irregular income, getting approved for a mortgage can feel like an uphill battle. You're not alone in feeling frustrated with the traditional mortgage process that doesn't account for your unique financial situation. At NMHL, we understand your challenges and have solutions tailored just for you.
”At NMHL, we work with borrowers in exactly this situation every day. We understand the uncertainty, the frustration, and the worry that comes with navigating a mortgage during a significant life event. You are not alone, and your situation does not have to be a barrier to homeownership.
Our licensed loan officers specialize in finding the right path forward for borrowers in complex circumstances. Whether your situation requires specialized documentation, alternative qualification methods, or simply a lender who takes the time to understand your full financial picture, we are here to help you move forward with confidence and clarity.
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Proven Solutions for Your Situation
Bank Statement Loan Program
Our Bank Statement Loan program allows you to qualify for a mortgage using your bank statements instead of tax returns, making it easier to demonstrate your income stability.
NMHL Pre-Approval for Variable Income
Get pre-approved with NMHL's specialized underwriting that considers your variable income. Our pre-approval process is designed to give you a clear picture of your mortgage options.
Non-QM Mortgage Solutions
Our Non-QM mortgage solutions cater to borrowers who don't fit traditional mortgage requirements. We offer flexible underwriting that accommodates your unique financial situation.
Expert Guidance from NMHL Loan Officers
Our experienced loan officers specialize in variable income mortgage scenarios and will guide you through the entire process, ensuring you get the best possible mortgage deal.
Personalized Guidance for Your Situation
No two mortgage journeys are alike. Our experienced advisors take the time to understand your unique circumstances and find the best path forward.
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Understanding Variable Income Mortgages
Variable income mortgages are designed for individuals who don't fit the traditional mortgage mold. If you're self-employed, have irregular income, or receive income from non-traditional sources, these mortgage programs can help you qualify for the home loan you need.
At NMHL, we specialize in variable income mortgage solutions. Our Bank Statement Loan program and Non-QM mortgage options are tailored to accommodate your unique financial situation, providing you with more flexibility and better chances of approval.
Don't let irregular income hold you back from achieving your homeownership dreams. Contact NMHL today to explore your variable income mortgage options.
How NMHL's Variable Income Mortgage Solutions Work
Our variable income mortgage solutions are designed to be flexible and accommodating. We offer multiple loan programs, including our Bank Statement Loan program, which allows you to qualify using your bank statements instead of tax returns.
- Our Non-QM loan programs offer alternative income verification methods, making it easier to demonstrate your income stability.
- We consider a wide range of financial factors beyond just your credit score, giving you a more comprehensive picture of your mortgage readiness.
Get started with NMHL today and discover how our variable income mortgage solutions can help you achieve your homeownership goals.
Benefits of Choosing NMHL for Your Variable Income Mortgage
At NMHL, we understand the challenges of variable income mortgage scenarios. That's why we've developed specialized loan programs and underwriting processes to help you succeed.
Our benefits include:
- Competitive interest rates starting at 6.5%
- Flexible debt-to-income ratio up to 50%
- Loan options up to $2 million
- Personalized service from experienced loan officers
Experience the NMHL difference. Contact us today to discuss your variable income mortgage options and get pre-approved.
Getting Started with Your Variable Income Mortgage
The first step in your variable income mortgage journey is to get pre-approved. Our loan officers will work with you to gather the necessary financial documentation and guide you through the pre-approval process.
To get started, simply contact NMHL or fill out our online pre-approval application. We'll take it from there, providing you with a clear picture of your mortgage options and a personalized plan to achieve your homeownership goals.
Don't wait to achieve your homeownership dreams. Start your variable income mortgage journey with NMHL today.
Frequently Asked Questions About Variable Income Mortgages
We know you have questions about variable income mortgages. Here are some answers to frequently asked questions:
- Can I qualify for a mortgage with variable income?
- What documentation do I need for a variable income mortgage?
- How do interest rates work for variable income mortgages?
For more detailed answers and personalized guidance, contact NMHL today.
Still have questions? Our experienced loan officers are here to help. Contact NMHL today to discuss your variable income mortgage questions and get the answers you need.
Frequently Asked Questions
Yes, multiple mortgage programs accommodate variable income scenarios. NMHL's Bank Statement Loan program and Non-QM mortgage solutions are designed to help self-employed individuals and those with irregular income qualify for a mortgage. Contact us to discuss your specific situation and explore your options.
To qualify, you'll typically need to provide financial documentation such as bank statements, business financials, or other income verification. NMHL's loan officers will work with you to determine the best documentation strategy for your situation. Our pre-approval process usually takes 24-48 hours.
Interest rates for variable income mortgages vary based on the loan program, your credit score, and other factors. At NMHL, our Bank Statement Loan program offers competitive rates starting at 6.5%. We'll work with you to find the best rate for your situation.
Yes, NMHL offers variable income mortgage solutions for investment properties. Our Non-QM loan programs can be used for investment properties, and we offer loan options up to $2 million. Contact us to discuss your investment property plans and explore your financing options.
The approval process typically takes 30-45 days, but can vary depending on the complexity of your financial situation and the loan program you choose. At NMHL, we pride ourselves on a streamlined process that gets you approved quickly. Our loan officers will guide you through every step.
Down payment requirements vary depending on the loan program. NMHL's Bank Statement Loan program typically requires a minimum down payment of 20% for self-employed borrowers. Our Non-QM loan programs offer flexible down payment options ranging from 15% to 35%. We'll help you determine the best down payment strategy for your situation.