Your Non-QM
solution starts here.

Flexible loans. Fast approvals. That's Marshall Sparkman.

Traditional mortgages backed by organizations like Fannie Mae and Freddie Mac, or government programs like FHA, VA and USDA, have specific requirements related to income, credit and job stability. But what do homebuyers do if they don't meet these criteria?

Non-Qualified Mortgage loans (Non-QM loans) can be the solution.

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We’ll find a path to homeownership

Property info

ITIN loans

ITIN loans

If you don't have a Social Security number, getting a home loan is still possible with an ITIN loan. You can qualify for a mortgage using your IRS-issued Individual Tax Identification Number instead of a Social Security number for identification. If you have an ITIN, the CCM Signature Expanded ITIN Loan may provide a path to homeownership.

Bank statement loans

Our Signature Expanded Bank Statement Loan is exactly what it sounds like. You may not have the typical loan documentation, but all you need are your bank statements and you can qualify for a home loan with CCM, whether you're purchasing or refinancing.

Requirements:

  • Personal bank statements (12-24 months)
  • No tax returns required
  • Borrow up to 90% of the value of the home
  • Debt-to-income ratio up to 50%
  • Loans up to $3 million
  • For primary and secondary homes and investment properties
  • Non-warrantable condos
Bank statement loans
Who are Non-QM loans for?

Who are Non-QM loans for?

Non-Qualified Mortgage loans are designed for any home purchase or refinance that doesn't fit traditional guidelines. By going beyond the norm, we can help more people achieve their homeownership goals.

If you're a self-employed borrower, real estate investor, homebuyer without a Social Security number, someone who recently went through a credit event or have another outside-the-box financial situation, Non-QM may be for you!

Pros and cons of Non-QM

Non-QM loan pros

Non-QM loans allow non-traditional borrowers to finance their homes.

This can include:

  • Retirees
  • Real estate investors
  • Self-employed or “gig” workers
  • Borrowers with a high debt-to-income ratio
  • Borrowers with blemishes on their credit history

Alternative documentation makes these opportunities possible.

The CFPB maintains standards for determining a borrower's ability to repay a home loan. Typically, the following documents are used to determine if you meet requirements:

  • W-2s
  • Bank statements
  • Pay stubs
  • Tax returns

But Non-QM loans allow you to qualify outside of these typical terms using alternative documentation, like 1099s, P&L, WVOE, bank statements and rental income.

Non-QM loan cons

Since Non-QM loans don't follow traditional guidelines, they cannot be purchased by Fannie Mae or Freddie Mac or backed by government agencies like the FHA or USDA.

This means lenders take on all the risk when issuing a Non-QM loan. To cover this risk, Non-QM loans often come with higher interest rates compared to conventional loans, which can increase your monthly payment.

Non-QM loans can also come with loan periods that exceed 30 years. While this may benefit some borrowers, it keeps you locked into your mortgage for a longer period and increases the total amount you pay for your home.

Why choose Marshall Sparkman

Veteran. Loan originator.

I joined the mortgage business in 2008 after I got out of Active Duty. I'm honored to serve many Veterans, who know I “speak the lingo.”

Loan specialties

I specialize in Non-QM and VA loans. I go beyond typical loans so I can make sure my clients get the mortgage that's right for them.

America's #1 Retail Mortgage Lender

I'm proud to work for CrossCountry Mortgage, where we're dedicated to giving our clients a superior mortgage experience.

Finally, a lender who gets you. Let's talk.

Contact us
Marshall Sparkman

Marshall Sparkman

920 South Street, Unit 1
Nashville, TN 37203