Flexible Mortgage Solutions When Your Income Does Not Fit the Box
Not every borrower earns a traditional paycheck, and not every great borrower is approved by traditional guidelines. If you have been told no elsewhere, Private Mortgage Guarantee LLC can help you explore non-QM loans in Grand Rapids, MI. Michael Morse and our locally owned team bring 25 years of experience and a belief that everyone deserves a home! Get approved today by calling 616-822-3068 for a free quote.
What Is a Non-QM Loan?
Non-QM stands for non-qualified mortgage. These loans do not follow the standard documentation rules used for qualified mortgages, which allows lenders to evaluate a borrower in a more flexible way. Non-QM loans can be a smart fit for the self-employed, business owners, real estate investors, and borrowers with complex finances or recent credit events.
Who Can Benefit From Non-QM Financing?
Self-Employed Borrowers and Business Owners
Tax returns often show reduced income after deductions, which can make approval difficult. Non-QM options, including bank statement loans, look at deposits and cash flow instead.
Real Estate Investors
Investors may qualify using rental income rather than personal income. Our DSCR loans are designed for this purpose, and we can explain how they work.
Borrowers With Unique Circumstances
Gig workers, commissioned professionals, and buyers with irregular earnings may also find more flexibility. We evaluate your situation honestly and recommend realistic next steps.
Pros and Considerations of Non-QM Loans
The biggest advantage is flexibility. Non-QM guidelines can recognize income in ways traditional programs may not. Because these loans carry different risks for lenders, interest rates, down payments, and fees may differ from conventional loans. We explain every cost up front, compare alternatives, and tell you if another program may serve you better.
A Clear, Convenient Process
Most loans close in about 15 to 20 days, depending on your file. Our skilled, fully trained staff handles consultations, applications, and closings by phone, email, text, and online portal, or we can come to you. We offer free quotes and after-hours service, and we speak Spanish.
Non-QM Lending for Communities Across West Michigan
We help borrowers in Grand Rapids, Wyoming, Kentwood, Walker, Grandville, Northview, Comstock Park, Forest Hills, Jenison, Cutlerville, Cascade, and Belmont. Visit us at 2130 Wealthy St SE in East Grand Rapids, Michigan, or connect from home.
Types of Non-QM Loans We Offer
Our non-QM lineup includes bank statement loans for self-employed borrowers and DSCR loans for real estate investors. Each program uses a different method to verify your ability to repay, so the best choice depends on how you earn and how you plan to use the property. We take time to match you with the right structure rather than forcing your situation into a standard formula.
Common Non-QM Questions
Borrowers often ask the following questions about non-QM loans:
Are they risky? They are legitimate mortgages with different documentation rules.
Do they cost more? Costs may be higher than conventional loans.
Can I refinance later? Many borrowers refinance when their finances change.
We discuss these questions openly before you apply.
Talk to a Non-QM Loan Specialist Today
You deserve a lender who looks at the full story. Call Private Mortgage Guarantee LLC at 616-822-3068. We hold NMLS Company License 2033317 and are ready to help you get approved.