top of page
Conventional Loans
Conventional loans are popular mortgage options that aren't backed by the government. They typically require good credit and a stable income. With flexible terms and competitive interest rates, conventional loans are ideal for borrowers who meet standard lending guidelines. Options are available for both first-time and repeat homebuyers.
FHA Loans
FHA loans are backed by the Federal Housing Administration and are designed to make homeownership more accessible—especially for first-time buyers or those with lower credit scores. With down payments as low as 3.5%, FHA loans offer more lenient credit and income requirements than conventional loans.
VA Loans
VA loans are available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. Backed by the U.S. Department of Veterans Affairs, these loans offer zero down payment, no private mortgage insurance (PMI), and competitive interest rates—making them one of the best benefits for those who serve.
USDA Loans
USDA loans are government-backed mortgages for buyers in designated rural and suburban areas. They offer 100% financing—meaning no down payment required—for qualified applicants. Backed by the U.S. Department of Agriculture, USDA loans are great for low-to-moderate income buyers looking to purchase in eligible areas.
Non-QM Loans
Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t fit traditional lending criteria—such as self-employed individuals, real estate investors, or those with unique income situations. These loans use alternative documentation methods like bank statements or asset-based income to qualify, offering more flexibility outside conventional underwriting standards.
Types of Non-QM Loan Products
1
2
3
4
5
6
7
💬 Not sure which one fits you?
Let NextGen Lending Solutions guide you toward the loan that best matches your goals and lifestyle.
Bank Statement Loans
Perfect for self-employed borrowers or business owners who don’t have traditional W-2 income. Instead of tax returns, these loans use 12–24 months of personal or business bank statements to verify income.
Asset-Based Loans
Designed for high-net-worth individuals, these loans use assets (like investment accounts, retirement funds, or savings) as the primary means of qualifying—no traditional income documentation required.
Interest-Only Loans
These loans allow borrowers to pay only the interest portion of the mortgage for a set period (typically 5–10 years), making monthly payments lower initially. Suitable for borrowers expecting higher future income or those managing cash flow.
DSCR Loans (Debt Service Coverage Ratio)
Ideal for real estate investors, these loans qualify based on the rental income of the property rather than personal income. If the rental income covers the mortgage payment, you can qualify—great for building a rental portfolio.
ITIN Loans
Offered to borrowers who don’t have a Social Security number but have an Individual Taxpayer Identification Number (ITIN). These loans help undocumented or non-resident immigrants purchase homes in the U.S.
Foreign National Loans
These loans are designed for non-U.S. residents looking to purchase property in the United States. They require less documentation than traditional loans and focus more on the value of the property and the borrower’s assets abroad.
Recent Credit Event Loans (Credit Event Loans)
These are for borrowers who have experienced recent financial hardships—such as bankruptcy, foreclosure, or short sale—but are now financially stable. Waiting periods are shorter compared to conventional or government-backed loans.
NextGen Lending Solutions: Loan Programs Made Simple
We offer a range of loan options to suit different financial goals and backgrounds—whether you're buying your first home, flipping a property, or building long-term wealth.
bottom of page