Expanded programs

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Expanded programs:

financing solutions to fit unique needs​

If you have the funds to afford a mortgage but are having trouble qualifying for a Conventional loan due to special circumstances, an Expanded programs mortgage may be your VIP ticket to homeownership.

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What is an Expanded programs loan?

Expanded programs, also referred to as Non-Qualified Mortgages (Non-QM), are a type of mortgage that doesn’t meet the standard criteria set by Conventional loans. These loans are designed to help borrowers with unique financial situations that make it difficult to qualify for traditional mortgages. Expanded programs offer more flexibility in terms of income criteria, credit history, and other qualifying factors.

Expanded programs financing solutions offered by Guild Mortgage

For new Amazon employees who received a cash sign-on bonus.

Self-employed borrowers are evaluated based on consistent monthly deposits.

Allows real estate investors to qualify based on their property’s cash flow instead of personal income or employment verification.

Lowers the initial monthly payment with an interest-only payment requirement, though borrowers have the option to pay more if they’d like.

For borrowers who have an Individual Tax Identification Number (ITIN) but no Social Security Number.

100% financing for those in the medical field.

To use when purchasing condos that don’t meet Conventional loan requirements, such as Condotels.

For borrowers who have consistently received RSU/stock options from their employer for the past two years.

Characteristics of Expanded programs

Flexible income verification:

Expanded programs allow for alternative income verification methods, making it easier for the self-employed, gig workers and those with non-traditional income sources to qualify.

Credit history consideration:

These loans look beyond the FICO score and take the full picture of your credit history under consideration.

Customizable loan terms:

Expanded programs offer a variety of loan durations, terms and structures to suit different financial needs.

Guild’s Expanded programs are ideal for:

  • Those with past credit issues or limited credit history
  • Real estate investors
  • Medical doctors (including dentists, podiatrists, ophthalmologists and veterinarians)
  • Self-employed or a gig workers
  • Those with an ITIN but no Social Security Number
  • Borrowers with a higher amount of debt
  • Those with employment gaps or who have recently started a new profession
  • Customers using assets instead of monthly income to qualify
  • Those looking to buy a non-warrantable condo

Need a loan that doesn’t fit the mold?

Let a Guild loan officer help you find the right mortgage.

Program eligibility varies. Borrower must meet eligibility requirements.

All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.

Interested in learning more? Take the first steps with our pre-qualification calculator.

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