T.J. Rasmussen, Senior Loan Officer — FHA, VA, conventional, jumbo, USDA, and DSCR home loans with clear guidance and fast pre-approvals.
T.J. Rasmussen, Senior Loan Officer
Smart Home Lending, LLC
Phone: (913) 787-6360
Email: [email protected]
NMLS# 1198524
Company NMLS# 2140357
Licensed in: KS, MO, FL
All information is deemed reliable but not guaranteed. Neither mortgage company nor website company shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.
LOAN PROGRAMS
Alternative Financing Solutions
Flexible financing solutions for real estate investors, self-employed professionals, and borrowers who don't fit traditional lending criteria.
Non-QM (Non-Qualified Mortgage) loans are home financing options that don't meet the strict standards of traditional qualified mortgages. These programs offer flexibility for borrowers with unique financial situations.
DSCR (Debt Service Coverage Ratio) loans are specifically designed for real estate investors. Instead of using your personal income to qualify, these loans look at the property's ability to generate rental income to cover the mortgage payment.
No tax returns. No W-2s. Just common-sense lending for modern borrowers.
Specialized loan programs designed for borrowers who need alternatives to traditional financing.
Understanding DSCR
The Debt Service Coverage Ratio is calculated by dividing the property's monthly rental income by the total monthly mortgage payment (principal, interest, taxes, insurance, and HOA fees).
Example Calculation:
Monthly Rent: $2,500
Monthly PITIA: $2,000
DSCR = 1.25 (Excellent!)
A DSCR of 1.0 means the property breaks even. Most lenders prefer 1.0 or higher, with better rates available at 1.25+.
*Requirements vary by specific program. Contact us for detailed guidelines.
Schedule a free consultation to discuss your investment goals and find the right Non-QM financing solution for your next property.
Full-service residential mortgage solutions nationwide.
QUICK LINKS
OFFICE
5440 W 110th St
Overland Park, KS 66211
CONTACT
NMLS#
Company NMLS#