Virtual Lunch & Learn: Down Payment & Closing Cost Assistance & Non-QM Programs

Property values are up and the amount of money needed to purchase a home is becoming more challenging. At Cornerstone Mortgage Group our goals include helping families achieve homeownership. In this presentation we will explore our Down Payment & Closing Cost Assistance programs that are offered through our FHA products. We will also be exploring an array of non-traditional mortgage options (NON-QM). NON-QM programs were designed to help the under-served market that faces challenges qualifying for traditional financing. Having knowledge of these programs will help realtors expand their client base.

Topics to be covered:

• Down Payment & Closing Cost Assistance:
  • 3.5% Option
• NON-QM Programs:
  • No Income – Primary Residence (No Ratio)
  • No Income – Investment Properties
  • ITIN Program
  • Foreign National Program
  • 2nd Chance (Recent Foreclosure/Bankruptcy)
  • Self-Employed Options:
    • Bank Statement Program
    • Profit & Loss Program
  • 1099 Only Program
  • Asset Qualifier
  • Asset Depletion

Presented by: Brian Kordell of Cornerstone Mortgage Group

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