Financing for Different Circumstances
Non-agency mortgages do not follow the same program framework as loans sold to Fannie Mae or Freddie Mac. Terms and documentation vary by lender.
Jumbo Mortgages
If your loan amount exceeds the applicable conforming limit, ask about jumbo financing. Credit, down payment, reserves and property requirements depend on the program.
Alternative Documentation
Self-employed borrowers and others with different income circumstances may wish to discuss bank-statement or asset-based options. These still require documentation and an assessment of eligibility.
Compare the Full Terms
Review the interest rate, payment structure, fees, reserves and any restrictions before choosing a loan. Contact Sorci Home Solutions to discuss current availability.