Navigating the world of Non-Qualified Mortgage (Non-QM) lending can be a daunting task, especially when it comes to understanding the various loan options available to your borrowers. At Kind Lending, we're committed to simplifying the process and providing you with the tools and expertise needed to understand non-traditional income so you can best serve your borrowers.  

Alt-Doc vs DSCR: Understanding Your Options

Alternative Documents (Alt-Doc) Loan Options

Our Alt-Doc loan options are specifically crafted to streamline the mortgage process for borrowers who may not meet traditional income verification requirements. These products offer flexibility and accessibility for self-employed individuals, commission-based earners, and others with non-traditional income sources.

• Bank Statements for Income: Qualify income on bank statements versus 1040s.

• 60-Month Asset Utilization: Divide assets over a 60-month period to qualify for financing.

• Profit & Loss Only: No need to provide traditional tax returns which can reduce qualifying income. This program qualifies based on your business Profit and Loss statement.  

• 1 Year Self-Employed: Income qualifies with just 12 months of the most recent bank statements and the previous year's W-2 or 1099.

• 1099 Only: Ideal for individuals earning 100% commission or independent contractors. Income is based on 1099s, giving more flexibility with income qualifications.

• Written VOE Only: Qualify with a Written Verification of Employment form – a hassle-free option for income verification.

• No DTI Asset Utilization: Another option leveraging an individual’s assets without having to consider debt-to-income ratios.

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Debt Service Coverage Ratio (DSCR) Loan Options

Our DSCR products utilize debt service coverage ratios which means investors can be qualified on the income generated by the property itself versus a borrower’s personal income.

• DSCR: Standard DSCR program offering flexible solutions tailored to your investment needs.

• No Prepay DSCR: Enjoy the freedom to optimize your investment strategy without prepayment penalties.

• Short Term Rental: Specialized program for properties with income potential from short-term rentals like Airbnb.

• Foreign National: Tailored for non-U.S. citizens looking to invest in U.S. real estate.

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Partner with Kind Lending Today

Ready to explore the possibilities with Kind Lending's Non-QM solutions? Our team is dedicated to supporting you every step of the way. Contact us today to learn more about how our Alt-Doc and DSCR products can benefit your borrowers and help them achieve their homeownership and real estate goals.

At Kind Lending, we believe in providing innovative, flexible, and inclusive mortgage solutions that empower both you and your clients. Join us as we pave the way for a brighter future in mortgage lending.

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