When most people think about getting a home loan, they picture the standard mortgage process—W-2s, credit checks, tax returns, and a long list of documents. But for many individuals and families in Brooklyn Park, MN, traditional financing simply doesn’t fit their personal or financial situation. That’s where non-traditional financing services in Brooklyn Park, MN come in, offering flexible, creative, and accessible alternatives to conventional loans. At Custom Made Mortgages LLC, we specialize in helping homebuyers explore these options so they can move forward with confidence.
Why Non-Traditional Financing Matters in Brooklyn Park, MN
Brooklyn Park is a diverse and rapidly growing community. Many residents are self-employed, newly immigrated, working on rebuilding credit, or investing in real estate for the first time. Traditional lenders often overlook these borrowers, creating a barrier to homeownership. Non-traditional financing opens doors that would otherwise remain closed.
These financing options are ideal for individuals who:
Are self-employed or independent contractors
Have limited or unconventional income documentation
Are recovering from past credit challenges
Are first-time buyers struggling with traditional criteria
Want alternative options such as rent-to-own or contract for deed arrangements
At Custom Made Mortgages LLC, we understand that no two financial situations are alike. That’s why we tailor solutions to meet your unique needs.
Types of Non-Traditional Financing Options
1. Bank Statement Loans
Perfect for self-employed individuals, bank statement loans rely on your deposits instead of tax returns to verify income. This helps entrepreneurs and freelancers who may write off business expenses and show lower taxable income than what they actually earn.
2. ITIN Loans
For residents who do not have a Social Security Number, ITIN (Individual Taxpayer Identification Number) loans allow homeownership without traditional identification requirements. Brooklyn Park’s international community benefits greatly from this accessible option.
3. DSCR Loans for Investors
Debt Service Coverage Ratio (DSCR) loans are popular for real estate investors. Instead of evaluating your personal income, lenders look at the income potential of the property. This option makes it easier to scale your rental portfolio.
4. Hard Money Loans
For buyers needing fast approval—often for fix-and-flip projects or competitive bidding situations—hard money loans provide quick financing based on property value rather than personal finances.
5. Contract for Deed (Seller Financing)
Common in Minnesota, this arrangement allows buyers to make payments directly to the seller while living in the home. It’s a great alternative for those who are close to qualifying for a mortgage but need more time.
6. Non-QM (Non-Qualified Mortgage) Loans
These loans are designed for borrowers who don’t fit the strict criteria of traditional QM loans. They offer flexibility in credit scoring, documentation, and income qualifications.
How Custom Made Mortgages LLC Supports You
At Custom Made Mortgages LLC, we believe financing should be custom made—not one-size-fits-all. Our team specializes in helping clients across Brooklyn Park and the Twin Cities discover non-traditional solutions that match their goals.
Here’s what sets us apart:
Flexible loan programs tailored to your financial story
Expert guidance throughout every step of the financing process
Transparent communication so you always understand your options
Strong lender connections providing access to unique, hard-to-find loan products
Whether you're purchasing your first home, expanding your investment portfolio, or rebuilding your financial foundation, we’re here to help you navigate the best options available.
The Future of Homeownership in Brooklyn Park, MN
As Brooklyn Park continues to grow, so does the demand for flexible financing solutions. Non-traditional financing is not just an alternative—it’s becoming a crucial pillar in helping residents achieve homeownership. With rising home prices and more diverse financial backgrounds, borrowers need customized solutions that allow them to compete and succeed in today’s market.
Custom Made Mortgages LLC is proud to play a role in shaping that future. By offering innovative loan options and personalized support, we empower residents to build stability, wealth, and community through homeownership.
