February 28, 2024

Is a banner year ahead for non-QM lending?

Aliya Sumar, PR Specialist
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Article: Mortgage Professional America: March 28, 2024 - by Fergal McAlinden

The mortgage industry is seeing a surge in non-QM loans, and Kind Lending is positioned to be a leader in this growing market. Here's a closer look at why non-QM loans is becoming increasingly popular and how Kind Lending is making a difference.

What are Non-QM Loans?

Non-QM, or non-qualified mortgages, are loans that fall outside the guidelines of Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy a large portion of traditional mortgages. This means that Non-QM loans can be a good option for borrowers who may not qualify for a conventional loan due to factors such as being self-employed, having investment properties, or having a credit score that falls below traditional requirements.

William Fisher, EVP - Non-QM at Kind Lending, LLC

Why is the Non-QM Market Growing?

There are a few reasons why the non-QM market is growing:

  • Rising Interest Rates: As interest rates rise, traditional loans become more expensive for borrowers. Non-QM loans can offer more competitive rates for certain borrowers.
  • More Borrower Types: There is a growing number of borrowers who need financing but don't qualify for conventional loans. Non-QM loans can help these borrowers achieve their homeownership goals.

Benefits of Non-QM Loans

Non-QM loans offer a number of benefits for borrowers, including:

  • More Flexibility: Non-QM loans can be tailored to meet the specific needs of individual borrowers.
  • Competitive Rates: Non-QM loans can offer competitive rates for certain borrowers, even in a rising interest rate environment.
  • Access to Capital: Non-QM lenders have access to a wider range of capital sources, which can help them provide financing for borrowers who may not qualify for a conventional loan.

Kind Lending: A Leader in Non-QM Loans

The non-QM market is a growing and important part of the mortgage industry. Kind Lending is a leader in this market and is committed to providing borrowers with the best possible non-QM loan options.  With a strong track record in the mortgage industry, Kind Lending is committed to providing borrowers with the best possible products and services with their experienced leadership, advanced technology, and strong industry relationships.

Learn more about the Kind Lending’s year ahead in the Non-QM space in this article by Mortgage Professional America: