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.
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.
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.
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.
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.
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.
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
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