Non-QM Home Loans
in Myrtle Beach
Personalized Solutions for Self-Employed, Investors & Unique Borrowers
Myrtle Beach isn’t just a vacation spot but a growing real estate market with opportunities for first-time buyers, retirees, and investors alike. At HomeSpring Mortgage, we specialize in non-QM loans for borrowers whose financial profiles don’t fit inside the traditional lending box. Whether you’re self-employed, investing in a condo hotel, managing seasonal income, or recovering from credit challenges, our non-QM mortgage experts are here to help you navigate your path to homeownership without judgment or delay.
What is a Non-QM Loan?
Non-QM stands for non-qualified mortgage, and it’s designed for buyers who don’t meet the strict income, credit, or documentation rules that conventional loans require. Instead of relying on W-2s, tax returns, or perfect credit scores, non-QM loans permit alternative verification methods, such as bank statements, liquid assets, or rental income.
These loans are ideal for borrowers with financial profiles that fall outside the traditional box, including business owners, gig workers, and real estate investors, as well as foreign nationals and retirees who rely on their assets for income.
Non-QM Loan Programs Available in Myrtle Beach
At HomeSpring Mortgage, we offer a wide range of non-qualified mortgages, each built for flexibility, speed, and real-world qualification.
Bank Statement Loans
With our bank statement loans, you can qualify using 12 or 24 months of personal or business bank statements. Ideal for self-employed borrowers, freelancers, or those with multiple income streams, we'll explore alternative income verification methods to determine what you can afford.
Foreign National Loans
Dreaming of owning a second home or vacation property in Myrtle Beach, but don’t live in the U.S.? Our foreign national loan programs enable non-residents to purchase property in the U.S. without requiring a U.S. credit history, Social Security numbers, or residency.
Interest-Only Loans
With interest-only loans, you’ll make interest-only payments for a set period, making them ideal for buyers with fluctuating income, investors focused on appreciation, or those planning to sell or refinance within a few years.
Asset-Based Loans
If you’ve built up significant assets, such as savings, investments, or retirement accounts, but don’t have traditional income, asset-based loans allow you to qualify based on your liquid assets. Learn more.
Recent Credit Event Loans
Been through a bankruptcy, short sale, or foreclosure? Our recent credit event loans are here to help you recover and move forward. If your finances have stabilized but your credit hasn’t fully rebounded, we offer programs with shorter waiting periods and flexible underwriting.
Medical Professional Loans
Our medical professional loan programs offer relaxed underwriting, low or no down payment, and no private mortgage insurance (PMI), as well as higher debt-to-income limits for doctors, nurses, dentists, and other healthcare professionals, making them perfect for new hires or those relocating for work.
Jumbo Loans with as Little as 5% Down
From Grande Dunes to North Myrtle Beach, our jumbo home loan programs allow you to borrow above conforming limits with as little as 5% down. Access higher-value homes with lower upfront costs without sacrificing flexibility.
Condotel Mortgage Loans
Whether you’re buying a second home in an oceanfront tower or adding a short-term rental to your portfolio, our condotel loan programs provide flexible terms for properties that operate like hotels.
Successfully Buy or Invest with a Myrtle Beach Mortgage Lender from HomeSpring Mortgage
Whether you’re moving in full-time, purchasing a vacation home, or diversifying your portfolio with rental properties, HomeSpring Mortgage is here with fast, friendly, and flexible lending options that meet you where you are. Reach out today to get started.