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Non-QM 101: Alt-A Loans

May 10, 2023
With LendSure, you can get a full-document or self-employed loan based on 12- and 24-month bank statements.

The Alternative A or Alt-A mortgage is a type of loan offered to excellent borrowers who fall just short of the rigorous guidelines imposed by Fannie Mae and Freddie Mac.

At LendSure, we recognize opportunities in Alt-A borrowers.

These borrowers have excellent credit, but may:

  • Have trouble documenting income (bank statement, asset depletion/qualifier)
  • Be a foreign national
  • Want to purchase a condotel or non-warrantable condo
  • Be property investors who want the best loan for them (DSCR, Bank Statement, or Full Doc loan options available)
  • Want larger loan sizes up to $3,000,000 (Jumbo Prime and Jumbo Non-QM)

What are Alt-A loans?

Alt-A loans are mortgages made to borrowers who represent solid credit risks but don’t qualify for mortgages under the agencies’ strict underwriting guidelines. These clients – LendSure calls them “super-prime” – have proven themselves to be responsible borrowers.

What LendSure programs are available to Alt-A borrowers?

LendSure offers Alt-A loans based on a variety of alternative documentation, including Full Doc, Full Doc Self-Employed, 12- or 24-Months’ Bank Statements. Our Alt-A loan amounts go as high as $3,000,000, depending on purpose and LTV. We offer cash-out refinance options up to $1,000,000, plus Alt-A financing options for non-warrantable condos and condotels.

Why should you work with Alt-A borrowers?

There are many reasons for loan officers to consider adding LendSure’s Super-Prime/Alt-A mortgages to their offerings. Alt-A borrowers can keep your pipeline full and be an excellent referral source for future business.

Why should you work with LendSure for your Alt-A clients?

LendSure’s Super-Prime/Alt-A program offers these borrowers highly competitive rates, unsurpassed funding times, and loan options that are not available through conventional lenders. We understand these borrowers, and we’re well-versed in using alternative documentation to qualify borrowers for mortgages – so you can feel secure in trusting your deal to us.

The LendSure Way

It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers and ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan. We work hard to offer our commonsense take on lending to borrowers seeking funding for the home of their dreams, another addition to their investment property portfolio, or refinancing of a currently owned property.

Are you ready to grow your business? Conventional loan approval guidelines can be restrictive, but we want to offer our mortgage broker partners the education, tools, support, and guidance they need to say “yes” to more of their clients.  This ensures happy borrowers and opportunities for bottom-line growth. What are you waiting for? Let’s get started!

Are you ready to benefit from a commonsense approach to lending?  Contact us today to learn more about non-QM loans and how partnering with LendSure Mortgage Corp. can help grow your bottom line.


Contact Us: (888) 707-7811