Alternate Loans

Light yellow house with blue trim and red door - Alternate Loans

Alternate Loans (Alt A) or non-prime loans offer options to borrowers who do not qualify for traditional financing, such as Conventional, FHA, VA, or USDA. Borrowers with bruised credit, self-employment income, or other non-standard qualifications may find that these loans provide the solution they need.

Typical Loan Features – Alternate Loans

  • Minimum 500 credit score
  • Owner-occupied or non owner-occupied properties
  • Appraisals are required
  • Interest rates are typically higher than Conventional Loans but lower than Private Money Loans.
  • Varying down payment requirements depending on loan program