Non-Traditional Loans

Alt-A Loans – Any loan that doesn’t meet the Qualified Mortgage requirements imposed in 2014 are Alt-A. Alt-A loans are used with non-traditional guidelines for various reasons. These reasons can be anywhere from low credit to non-traditional income. Because of the realized guidelines, these lenders are a little more restrictive on the limits they lend against the house. Every scenario is a bit different. Please call our experts for answers.

  • Ability to use Bank statement as income

  • Stated Income Programs

  • Rental income programs

  • Can use with mortgage lates or subpar credit

  • No mortgage insurance

  • Fixed and ARM rates

  • owner occupied, 2nd homes and Non-owner occupied

  • Flexible credit guidelines

  • Lower loan to values


Alt-A loans are making a comeback. Banks are realizing that there is a need outside the traditional lending guideline. Yes there are self-employed borrowers that have low disclosed income. Yes there are borrowers who maybe have had a bit of bad luck or an extenuating circumstance in which they got a ding or two on the credit. But they still have every ability to repay a loan. These are the loans that the large commercial banks and mortgage banks shy away from. These are the types of loan that Sierra Home Mortgage can do. Among many other.


Hard Money – These loans are usually short term adjustable. The goal is to pay them back as fast as possible. Hard money isn’t as prevalent as it was prior to the great recession, however there is still a need for hard money and a supply of it. In this situation, you might need to have the loan funded extremely fast as you originate a more permanent solution. Or you have several recent mortgage lates but need an option for a mortgage. Because of the un-orthodox lending scenarios, these loans usually have low loan to values. The one absolute about hard money; you need to have an exit plan. How are you going to pay off the loan with in a couple years? They want to know that you have a plan to repay the money. Every Hard Money scenario is different. Contact our experts about your options.


  • Fast Fundings

  • Low Loan to values

  • Usually no prepayment penalties

Contact Us

Bryan Wild, Branch Manager


3430 Robin Ln, Ste 9C

Cameron Park Ca 95682

DRE #: 1266745

NMLS#: 26361

Direct:     (530) 677-5484

Direct:     (800) 361-9357

Cell:         (925) 788-8949

eFax:       (888) 651-2607

Please like us on Facebook and Yelp

Steve Samuelson


Fax : 888.651.2607

DRE #: 00995394

NMLS #161692

Sierra Home/Reverse Mortgage is a dba of Professional Mortgage Associates, California Bureau of Real Estate, Real Estate Broker 01902537, NMLS 815819