The site for Industry Insiders:

Can we help your client get a loan?

$0M+
TOTAL VOLUME FUNDED
0+
YEARS EXPERTISE
0/5
CLIENT SATISFACTION

The Loans We Execute

Our seasoned originators KNOW program guidelines. We work closely with both you and your client to find the BEST loan for your client's unique situation.

REFER YOUR CLIENT TO US AND SHINE

Low Rates & Fast Close

Anyone can close a perfect "vanilla" loan. But what if your W-2 borrower was self-employed last year? Or is somewhere between agency and non-QM? We fight for the best terms for your client.

PRICING
Borrower or lender paid
PROGRAMS
Conventional, FHA, VA, USDA
closing costs
Borrower or lender paid
Turn times
As fast as 8 business days
OUT-OF-THE-BOX LOANS THAT MAKE SENSE

Non-QM (self-employed)

You know your client can afford a house payment because they're already paying the same amount for rent. We have programs for tip earners, new business owners, borrowers with assets, and more.

1099 + VOE
Beauty & wellness
TIP ICNOME
Delivery & waitstaff/bartenders
BANK STATEMENT 100% OF DEPOSITS
No tax returns required
ASSET UTILIZATION
Money in the bank
HIGH LOAN LIMITS, LOW DOWN PAYMENT

Investment & Multi-Family

Income & non-income qualifying loans for investment and multi-family properties. Qualify based on only rental income. Enhanced guidelines for owner-occupied multi-family properties.

dscr
Debt service coverage loans
adu income
May use ADU income to qualify
1-4 units
Owner & non-owner occupied
down payment
3.5% - 10%, DPA ok O/O
LOW & NO DOWN PAYMENT OPTIONS

Low Cash-to-Close Loans & DPA

We offer a large variety of 0% and low down payment programs. Does your client need a credit score boost? No need to send them to a credit repair agency, we can help them right here.

DOWN PAYMENT ASSISTANCE
State, national & proprietary
LOW DOWN PAYMENT PROGRAMS
USDA, VA, proprietary
SELLER CONCESSIONS
Can be layered
NON-OCCUPYING CO-BORROWERS
Allowed

The USDA website can be hard to navigate.

Let us tell you if a home qualifies for 0% down through USDA.

ITIN ~ Modular & Manufactured

One-Time Close for Highly Qualified Borrowers

Don't rely on AI. Get the specifics from a professional.

Send Us Your Scenario

we treat your clients with respect and make them feel good about the loan process

There is no such thing as a hard loan.

At Novel Home Loans, we get all the details up front and explore options. Either a loan meets a program's underwriting guideline or it doesn't. There is no such thing as a hard loan, only loans that have fewer details and ones that have more details.

The Traditional Way

Rigid, algorithm-driven underwriting built strictly for simple W-2 earners with a high credit score and plenty of money.

  • Good for bank loss mitigation, bad for capable borrowers

  • Prioritizes the ability for a lender to resell a mortgage over homeownership

  • Valid income is not taken into consideration

  • Inexperience loan originators don't have the ability to see potential obstacles in a preliminary approval, leading to last minute delays and denials

The Novel Way

Holistic, personal evaluation assures that the borrower, real estate agent and lender understand the process and have what is needed to meet the terms of the purchase contract.

  • Preliminary documents requested all at once

  • Alternative scenarios addressed at the beginning of the process

  • We consult with you, the real estate agent, throughout the process as often as you'd like

  • Underwriter-backed pre-approvals delivered in as little as 48 hours