Non-Prime Loan Program

Are you someone who doesn’t have a perfect credit score or traditional income sources but still dreams of owning a home? If so, then a non-prime loan program may be the perfect solution for you. Designed specifically for borrowers who may not qualify for conventional loans, non-prime loan programs offer a unique financing option to help you achieve your homeownership goals. In this article, we will explore the benefits of the Non-Prime Loan program offered by The Louie Lucero Team and how it can make your dream of owning a home a reality.

What is a Non-Prime Loan Program?

A non-prime loan program is a specialized financing option designed for borrowers who may not meet the strict requirements of conventional loans. These borrowers may have less-than-perfect credit scores, irregular income sources, or other financial challenges that make it difficult for them to qualify for traditional mortgages. Non-prime loan programs take into account a borrower’s overall financial profile, including their income, assets, and employment history, to determine their eligibility for a loan.

Target borrowers

Individuals with past negative credit events: This includes those who have experienced bankruptcy, foreclosure, short sale, collections, or charge-offs.

Self-employed borrowers and gig workers: People with inconsistent or non-traditional income streams might struggle to qualify for standard mortgages but find options within non-prime programs, according to Bankrate.

Foreign nationals: Non-prime loans can serve individuals who may not reside in the United States but want to purchase property here.

  • P/L only up to best case 80 LTV
  • 1099 only up to the best case 80 LTV
  • WVOE up to best case 80 LTV
  • 12 months PERS or BIZ BS to best case 90 LTV
  • We can do as low as a 10 % expense factor with a CPA on our 12-month BIZ bank statement program
  • ITIN loans to the best case 75 LTV
  • NW condo to best case 80 LTV
  • RURAL to best case 75 LTV
  • Manufactured homes to best case 65 LTV
  • GIFT of equity OK
  • 100% GIFT OK
  • NO FICO score and NO tradelines program to the best case 65 LTV
  • 1-year SE program to 80 LTV (must have at least 2 years in the same industry)
  • Loan amounts up to 10 million
  • Asset depletion programs up to the best case 80 LTV
  • IF 3 FICO scores- then we do NOT need tradelines
  • 2-4 units owner-occupied, best case to 85 LTV
  • 30 YEAR I/O & 40 YEAR I/O programs

Why Choose The Louie Lucero Team Non-Prime Loan Program?

Experience

The Louie Lucero Team has years of experience in helping borrowers secure non-prime loans. Their team of experts understands the unique needs of non-traditional borrowers and works tirelessly to find the best financing options for each client. With The Louie Lucero Team, you can trust that you are in good hands.

Expertise

The Louie Lucero Team specializes in non-prime loan programs and has a deep understanding of the mortgage industry. Their expertise allows them to navigate the complex world of non-traditional lending and find creative solutions for borrowers with unique financial situations.

Authority

As a leader in the non-prime lending space, The Louie Lucero Team has established itself as a trusted source for borrowers seeking alternative financing options. Their reputation for excellence and integrity sets them apart from other lenders and gives borrowers peace of mind knowing they are working with a reputable company.

Trust

At The Louie Lucero Team, trust is the foundation of their business. They believe in building long-lasting relationships with their clients based on honesty, transparency, and mutual respect. When you choose The Louie Lucero Team for your non-prime loan needs, you can trust that they will always have your best interests at heart.

 

How Does The Louie Lucero Team Non-Prime Loan Program Work?

The Louie Lucero Team Non-Prime Loan program is designed to provide flexible financing options for borrowers who may not qualify for traditional mortgages. Here’s how it works:

  1. Flexible Eligibility Requirements: The Louie Lucero Team takes a holistic approach to underwriting, considering factors beyond just credit scores. This allows them to provide loans to borrowers with unique financial situations.
  2. Competitive Rates: Despite catering to non-prime borrowers, The Louie Lucero Team offers competitive interest rates to help make homeownership more affordable.
  3. Personalized Service: The Louie Lucero Team works closely with each client to understand their individual needs and financial goals. They tailor their loan programs to meet the specific needs of each borrower, ensuring a personalized and positive lending experience.

If you have been struggling to qualify for a traditional mortgage due to credit challenges or other financial obstacles, don’t lose hope. The Louie Lucero Team Non-Prime Loan program offers a unique financing solution designed to help borrowers like you achieve their homeownership dreams. With their experience, expertise, authority, and trust, The Louie Lucero Team is the perfect partner to guide you through the non-prime lending process and help you secure the loan you need to buy the home you deserve. Get in touch with The Louie Lucero Team today and take the first step towards owning your dream home.

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