We’re excited to announce a major change to our credit requirements for Non-QM loan programs.
What’s Changed?
In the past, if we pulled your credit from all three major bureaus —TransUnion, Equifax, and Experian —and your middle score was 700 or above, you still needed at least three trade lines to qualify. Those trade lines could be credit cards, auto loans, mortgages, or other reported accounts.
Now, we’ve made it easier.
With our updated guidelines:
- You only need one trade line.
- That trade line can be open for as little as one month.
- As long as you have three scores and your middle score is 700 or higher, you qualify for any Non-QM program we offer.
Why This Matters?
We understand that not every borrower has a long credit history. Maybe you’ve avoided debt, or maybe you’re new to building credit. Under our new rules, you can still qualify for the same Non-QM products, including those for self-employed borrowers, investors, and others with non-traditional income documentation, without meeting the old trade line requirements.
Contact us to discuss your limited credit history and how we can help you secure financing.
