The demand for financing among non-traditional borrowers—self-employed individuals, non-traditional wage earners, retirees, and more—is at an all-time high. Many of these borrowers face challenges securing home loans through traditional lending channels due to stringent income verification requirements. This represents an underserved market that you can tap into by partnering with a Non-QM wholesale lender like Champions Funding. At North Star Mortgage Network, we are proud to offer tailored solutions to help these borrowers achieve their homeownership dreams.

Why Choose Non-Traditional Loans?

Non-traditional loans, also known as Non-QM (Non-Qualified Mortgage) loans, provide flexible financing solutions for borrowers who don’t fit the conventional lending mold. Whether due to unique income sources or non-traditional employment, these borrowers need alternative options to secure a mortgage. Our partnership with Champions Funding allows us to provide innovative loan products, including CDFI rate enhancements for eligible borrowers, making homeownership more accessible and affordable.

Our Non-Traditional Loan Offerings

1. Ally No Ratio Loan

Who It’s For: Borrowers purchasing owner-occupied and second homes.

Unique Features: No income or employment verification—perfect for clients with complex financial profiles.

Benefits:

• Up to 80% LTV with a FICO as low as 660.
• First-time homebuyer options.
• Rate improvements for low-income and minority borrowers via our CDFI benefits.

2. Activator Full & Alt-Doc Loan

Who It’s For: Self-employed individuals, gig workers, or those with non-traditional income sources.

Unique Features: Flexible documentation options, including bank statements, 1099s, and P&L statements.

Benefits:

• Loan amounts up to $3 million.
• LTV up to 90%.
• Ideal for borrowers who may not qualify under traditional lending guidelines.

3. ITIN Activator Loan

Who It’s For: ITIN holders seeking to finance primary or secondary homes.

Unique Features: Accepts alternative documentation like bank statements and P&L statements.

Benefits:

• LTV up to 85%.
• Minimum FICO starting at 660.

4. Accelerator DSCR Loan

Who It’s For: Investors focused on rental property cash flow.

Unique Features: Qualification based solely on Debt Service Coverage Ratio (DSCR), with no personal income verification required.

Benefits:

• Loan amounts up to $3 million.
• LTV up to 85%.
• Options available even for properties with DSCR less than 1.
• FICO as low as 620.

5. Ambassador Foreign National Loan

Who It’s For: Non-U.S. residents investing in U.S. real estate.

Unique Features: DSCR-based qualification with options for short-term rentals and non-warrantable condos.

Benefits:

• Loan amounts up to $3 million.
• 75% LTV.
• 12 months of PITIA reserves allowed through cash-out.

6. Super Jumbo Loan

Who It’s For: Borrowers looking for high-value home loans.

Benefits:

• Loan amounts up to $5 million.
• LTV up to 70%.
• Available for primary residences.

How North Star Mortgage Network Can Help

At North Star Mortgage Network, we understand that every borrower’s financial situation is unique. That’s why we work closely with our clients to find the best non-traditional loan solutions that meet their needs. By partnering with Champions Funding, we bring a comprehensive suite of loan products designed to provide flexibility, accessibility, and affordability.

If you or someone you know is in need of a non-traditional loan, contact us today! Our team is ready to guide you through the process and help you secure the financing you need.

North Star Mortgage Network – Your Partner in Home Financing.