What Is a Conventional Loan?

A conventional mortgage is any home loan not backed by a government agency. They typically offer competitive interest rates and flexible terms for borrowers with solid credit. CFC Mortgage works with 30+ lenders to find the best conventional product for your situation.

What Is a Non-QM Loan?

Non-Qualified Mortgages (Non-QM) are designed for borrowers who don't fit the standard qualifying mold — self-employed borrowers, investors, those with recent credit events, or unique income situations. Non-QM loans use alternative documentation to verify income and ability to repay.

Key Benefits

• Down payments as low as 3% for first-time buyers
• No mortgage insurance with 20% down
• Loan amounts up to conforming limits ($766,550 in most TN counties)
• Fixed and adjustable rate options
• Non-QM: bank statement, asset depletion, and 1099-only programs
• Non-QM: recent bankruptcy or foreclosure programs available