Learn the difference
Consumer vs. Business Purpose Loans
Consumer Purpose
Business Purpose
Overview
Financing for personal purposes. Typically owner-occupied and second homes.
Learn More
Financing for investment/rental properties that generate income.
Learn More
Property Types
Primary and secondary homes
Investment / rental properties
Documentation Types
12-month bank statements
P&L
1099
WVOE
Asset Utilization
W2
Tax Returns
DSCR
Time to Close
Closes faster than agency loans with no wait times
Close in as little as 3 business days with transferred appraisals
Consumer Purpose vs Business Purpose
Overview
Consumer Purpose
Financing for personal purposes. Typically owner-occupied and second homes.
Learn More
Business Purpose
Financing for investment/rental properties that generate income.
Learn More
Property Types
Consumer Purpose
Primary and secondary homes
Business Purpose
Investment / rental properties
Documentation Types
Consumer Purpose
12-month bank statements
P&L
1099
WVOE
Asset Utilization
W2
Tax Returns
Business Purpose
DSCR
Time to Close
Consumer Purpose
Closes faster than agency loans with no wait times
Business Purpose
Close in as little as 3 business days with transferred appraisals
Creating the dream of homeownership a reality

Consumer Purpose Loans

Are your borrowers CDFI eligible? Tap into a $1 trillion market of underserved borrowers and communities by accessing the CDFI fund through Champions Funding. Certified by the U.S. Department of the Treasury, the CDFI fund gives lenders the opportunity to expand homeownership in historically underserved markets.

Impact lives & spark economic growth with CDFI loans at Champions Funding. Learn More about CDFIs.

Expand your pool of potential borrowers by offering Non-QM loan products. Consider these anything but ordinary, non-traditional borrowers:
Self-employed borrowers
Small business owners
Gig-based workers
Online or cash-based business owners
Influencers, artists, vloggers
Looking for flexible financing solutions? Ditch the docs required with agency loans. Instead, find alternative documentation (Alt-Doc) solutions for creditworthy borrowers.
Alt-Doc loan programs include:
Bank statement
P & L
1099
Asset Utilization
WVOE
Consider this pathway to homeownership for those who earn income differently.
MORE FINANCING OPTIONS for real estate investors - with Less hassle

Business Purpose Loans

Qualifying investors with DSCR
No proof of personal income or employment verification is required to qualify for DSCR loans. A business purpose loan uses Debt Service Coverage Ratio (DSCR) as a key indicator to determine if there is enough cash flow to repay the debt. Learn more about DSCR.

Close Faster with Less Restrictions + Less Friction
We close business purpose loans in days, not weeks!  With no TRID disclosure requirements or mailing wait times, the CTC is closer than you think with a Non-QM loan at Champions Funding.
 
Discover the ways we help you race to the finish line with our frictionless process and access to our robust resources and support teams!
LEARN more about The Non-QM Loan Programs We offer
Opening Doors for More Borrowers
Focused exclusively on Non-QM, we fund loans other lenders don't with our hassle-free and common sense approach to lending.
Partner With Us
Sign up to be an approved Broker Partner and get access to our top-notch Broker Portal, program-related news, and more!
Learn More
Program Guidelines
Find the latest forms and guidelines for our products, services, and more.
Learn More
Ally
PROGRAM
Owner-Occupied | No Ratio
Unlock the opportunity of homeownership to more diverse borrowers.
Learn More
Activator
PROGRAM
Alt Doc | 40 YR I/O
Flexible solutions with broader qualification methods and documentation types.
Learn More
Accelerator Expanded
PROGRAM
No Ratio | DSCR ≥ .50
More expansive guidelines.
Learn More
Accelerator
PROGRAM
DSCR | Investor
Debt Service Coverage Ratio options.
Learn More
Consumer Purpose
No Ratio
Ally
Underserved, not underqualified!
Borrowers looking to purchase first or second homes are not limited with debt-to-income calculations with No Ratio loans.
Learn More
Alt-Doc
Activator
Options for non-traditional borrowers!
Borrowers use alternative documentation to determine income eligibility such as bank statements, 1099, P&L, or asset depletion.
Learn More
ITIN | Alt-Doc
ITIN Activator
No SSN? No Problem!

Non-U.S. citizens who use an ITIN to pay taxes can qualify using alternative documentation to determine income eligibility.  
Learn More
Business Purpose
No Ratio
Accelerator
First-time & expert investors welcome!
If a property's income doesn't qualify for DSCR pricing, No Ratio guidelines can expand opportunities for investment financing.
Learn More
Foreign National
Ambassador
Invest in the American Dream!
This unique program is for Foreign Nationals who dream of buying or are looking to refinance an investment property in the United States.
Learn More
ITIN | DSCR
ITIN Accelerator
No SSN or U.S. credit needed!
Non-U.S. citizens who use an ITIN can qualify off rental income of investment properties to purchase or refinance a home.
Learn More
Program Guidelines
Find the latest forms, guidelines, and product matrices.

CDFI eligible rate improvements available on all loan programs.
View all
Ally
PROGRAM
Owner-Occupied | No Ratio
No income and no employment verification required. Open the doors to underserved borrowers.
Learn more
Accelerator
PROGRAM
DSCR | Investor
Debt Service Coverage Ratio options for business purpose loans. No tax returns required. Qualifying loans with property cash flow.
Learn more
ITIN
PROGRAM
Alt-Doc | For Non-U.S. Citizens
For non-U.S. citizens who don't have a SSN, we accept Individual Taxpayer Identification Number (ITIN).
Learn more
Activator
PROGRAM
Alt Doc | 40 YR Interest Only
Flexible solutions with broader qualification methods and documentation types.
Learn more
Ambassador
Sign up to be an approved Broker Partner and get access to our best-in-class Broker Portal, unique loan products, training, free marketing, and more!
Sign up

Become an Approved Broker

Champion your loan with the Champs of the Non-QM Market

Equal Housing Opportunity.
© 2024 All Rights Reserved. For industry professionals only and is not an advertisement to extend credit directly to consumers. For licensing, visit nmlsconsumeraccess.org. The information contained herein is provided to assist real estate and mortgage lending professionals and is not an advertisement to extend credit directly to consumers. Champions Funding LLC. 365 E. Germann Rd., Suite 140 Gilbert, AZ 85297. NMLS #2254210.
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.