A non-traditional loan is any type of loan that doesn't fall into traditional mortgage financing. With traditional financing, all income is fully documented via paystubs, W2's and Income tax returns while non-traditional loans use alternative sources of income verification.
These loans usually have a higher interest rate than a traditional mortgage loan.
This would include but not limited to:
- DSCR loans for investment properties
- Bank Statement loans
- Profit and Loss Loans
- Any type of alternative income and asset documentation
Wilson Mortgage Services, Inc. is licensed by the PA Department of Banking and the FL Office of Financial Regulation
