Alternative / Weak Credit Loans
Alternative Residential Loans – Bad Credit & Flexible Credit Financing
For a Rate and Fees quote call
800-390-7536
Can’t qualify for a conventional mortgage? Normandy’s alternative construction financing and residential loan programs are designed specifically for borrowers who fall outside traditional lending guidelines. Whether you have a low credit score, past credit problems, or need alternative income verification, our flexible credit construction loan and mortgage programs evaluate your full financial picture — not just your FICO score.
We offer non-QM mortgage options, bank statement loans, and weak credit home loan programs for borrowers purchasing or refinancing Non-Owner Occupied or investment properties. Loans are evaluated on a case-by-case basis with full review of income, assets, credit, and loan-to-value. Recent bankruptcy or late mortgage payments are not automatic declines. Conventional market rates do not apply — call for a personalized review. From apartment construction financing for rental income properties to multi unit property loan options for owner-occupied buildings, Normandy has a program matched to your goals and timeline. Small multifamily construction financing through Normandy covers the full build via draw-based disbursements — keeping costs controlled and cash flow predictable. For fourplex construction and smaller projects, our team provides experienced guidance at every stage. For 5+ units, please refer to our Commercial Construction programs.
We offer non-QM mortgage options, bank statement loans, and weak credit home loan programs for borrowers purchasing or refinancing Non-Owner Occupied or investment properties. Loans are evaluated on a case-by-case basis with full review of income, assets, credit, and loan-to-value. Recent bankruptcy or late mortgage payments are not automatic declines. Conventional market rates do not apply — call for a personalized review. From apartment construction financing for rental income properties to multi unit property loan options for owner-occupied buildings, Normandy has a program matched to your goals and timeline. Small multifamily construction financing through Normandy covers the full build via draw-based disbursements — keeping costs controlled and cash flow predictable. For fourplex construction and smaller projects, our team provides experienced guidance at every stage. For 5+ units, please refer to our Commercial Construction programs.
General Guidelines*
- Loan Amounts: $95,000 to $2,500,000
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Maximum Loan to Value: 75% (subject to the number of units, loan size, loan term, credit score and income)
- 1 to 4 family homes preferred; 5+ units are case by case decisions.
- Compensating factors taken into consideration
- Recent bankruptcy or late mortgage payments are not automatic declines
- 1 to 5 year terms available (conventional market rates do not apply)
*All rates and terms subject to change without notice
Non-Prime Loan Programs are available for Borrowers with:
1) Less than perfect credit who have experienced credit problems and have resolved the problems for the future.
2) Alternative income verification that can prove income through corporate finance statements, bank statements, etc., other than W2.
Loans Available in the Following States
- CA
- FL
- MI
- NJ
- OR
- VA
- WA
Frequently Asked Questions
Alternative / Weak Credit Loans
Can I get a construction or home loan with bad credit?
Yes. Normandy’s bad credit construction loan and alternative residential mortgage programs are specifically designed for borrowers who don’t qualify for conventional financing. No minimum FICO is required — your full profile is reviewed.
What is a non-QM mortgage?
A non-QM mortgage (non-qualified mortgage) is a home loan that doesn’t conform to standard ability-to-repay rules used by conventional lenders. Normandy’s alternative construction financing includes non-QM options for borrowers with complex income or credit situations.
Are bank statement loans available?
Yes. Bank statement loans are available for borrowers who can demonstrate repayment ability through bank statements rather than traditional W-2 or tax return documentation.
Will a recent bankruptcy disqualify me?
Not automatically. Normandy reviews recent bankruptcy and late mortgage payment situations on a case-by-case basis. Compensating factors are considered — a flexible credit construction loan evaluation looks at the full picture.
What loan terms are available?
Terms from 1 to 5 years are available. Note that conventional market rates do not apply — call for a personalized rate and term quote based on your specific situation.
For a Rate and Fees quote call
800-390-7536
Alternative Residential Loans
This program is designed for Borrowers looking to purchase or refinance a Non-Owner Occupied or Investment property. We offer non-qualified, bank statement, weak credit and unique property mortgage loans to Borrowers who may not qualify for a conventional mortgage loan. Loans are evaluated on a case by case basis subject to full review of the Borrower’s qualifications (ie: income, assets, credit and loan to value). We pride ourselves on prompt decisions to provide Borrowers with confidence to achieve their goals. Conventional market rates do not apply.
General Guidelines*
- Loan Amounts: $95,000 to $2,500,000
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Maximum Loan to Value: 75% (subject to the number of units, loan size, loan term, credit score and income)
- 1 to 4 family homes preferred; 5+ units are case by case decisions.
- Compensating factors taken into consideration
- Recent bankruptcy or late mortgage payments are not automatic declines
- 1 to 5 year terms available (conventional market rates do not apply)
*All rates and terms subject to change without notice
Non-Prime Loan Programs are available for Borrowers with:
1) Less than perfect credit who have experienced credit problems and have resolved the problems for the future.
2) Alternative income verification that can prove income through corporate finance statements, bank statements, etc., other than W2.