Alternative Residential Loans

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Alternative Residential Loans

This program is designed for Borrowers looking to purchase a new home or to refinance the balance on an existing mortgage of their current residence. 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 Purchase: 80% / Refinance 75% (subject to the number of units, loan size, loan term,  credit score and income)
  • 1 to 4 family homes preferred, refer to  Commercial Loans for more than 4 units
  • Owner Occupied Primary Residence Only
  • Compensating factors taken into consideration
  • Recent bankruptcy or late mortgage payments are not automatic declines
  • No refinances allowed for existing Sub Prime, High Cost or Special Loans
  • 15 to 30 year term 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.

Offered in CA, FL, MI, NC, NJ, NY, OR, PA, VA, WA

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.