Houston-based Matador Lending has joined the growing list of companies entering the non-QM market.
The lender announced Thursday that it is now offering non-QM loans to borrowers with compromised income history or blemished credit. In addition to non-QM, Matador Lending also provides financing for conventional jumbo, FHA, and VA loans.
“We provide the right loan for every financial profile,” Matador Lending President Apurva Sanghavi said. “Our team is built to review 100’s mortgage options across over 40 lenders that match you with the financing that you will be comfortable with now and ensure you have the right loan to fit your financial needs. Our loan officers have over 30 years of combined experience helping homeowners achieve their lending needs.”
Matador Lending is among the companies looking to capitalize on the growth in the non-QM sector. In October last year, First Guaranty Mortgage brought back its non-QM product line after suspending originations during the pandemic. Meanwhile, California-headquartered Pacific Private Money Group (PMM) launched a new lending division focused on non-QM and jumbo prime loans.