First National Bank of America providing solutions for borrowers in need of non-QM financing

As COVID-19 narrows options for borrowers in need, FNBA is there

First National Bank of America providing solutions for borrowers in need of non-QM financing

By providing home loan solutions for borrowers that don’t qualify in the Agency/Govie markets, Non-QM loans fill a critical void in the mortgage industry. These loans serve individuals in an underserved market by allowing the use of alternative income qualification options in addition to higher debt ratio thresholds.

The current COVID-19 pandemic has created uncertainty in the economy, which has caused many Non-QM lenders to step out of the market temporarily, leaving a growing number of prospective homeowners with little to no option for a home loan.

Established in 1955, First National Bank of America is financially strong and committed to our dual goals of providing exceptional service and helping people bring to life their dreams of home ownership.

During these trying times, we are open and here to help fill the growing void of Non-QM funding. Our unique approach to business and our incredible leadership have provided the position of strength we are in today, and play a huge role in our ability to lend at a time when many others can’t. 

We are currently 100% operational in all areas: Wholesale, Retail, Correspondent, Scratch & Dent, and Legacy. Our programs are available to ITIN, SSN, Self-employed, and recent Credit Event borrowers offering LTV’s of up to 75% and DTI’s as high as 55%.

Our experienced team focuses on Non-QM loans. They are working remotely to answer your questions and make sure your clients have the funding they need.

To connect and learn more, visit https://www.fnba.com/mortgage-brokers/.

We are grateful that we have remained in a position to help people get into a new home. We hope that our fellow Non-QM lenders will be back in action soon

First National Bank of America is an Equal Housing Lender.  NMLS #413209

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