The company sharpens its focus on non-QM lending
California-based mortgage company Truss Financial Group has launched TFG Rate Guarantee, a non-QM loan program designed for self-employed individuals and real estate investors.
According to the company's release, the program "allows potential buyers to take advantage of current declining prices by offering a free refinance opportunity in 2024." Founded in 2006, Truss Financial Group offers a variety of non-QM loans, including stated income, bank statements, debt service coverage ratio (DSCR), hard money, and fix and flip mortgages.
"Non-QM mortgages allow these borrowers to purchase or refinance their homes and invest in real estate, which can help drive economic growth and stimulate local communities," said TFG chief executive Jeff Miller.
"A good entrepreneur has the ability to identify and capitalize on opportunities and has a deep understanding of the customer's needs. This is who our clients are and who Truss Financial Group is. No two people are the same. So, a one-size-fits-all mortgage is simply unrealistic in this market. Our goal is to offer a unique solution to every individual situation."
Miller added that the program reflects the company's commitment to using innovative solutions to help clients.
"We thrive on being creative," he said. "For example, we can use the last 12 months of a client's bank statement deposits as their income to help them get qualified for a mortgage. This approach allows us to provide financing solutions to clients who may not have a traditional W2 income."
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