Network Capital Funding offers conforming, FHA, VA, and non-QM mortgages. It also has home equity loans and HELOCs.
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The bottom line: Network Capital Funding Mortgages is an affordable lender with great online customer reviews. For borrowers who have unusual income situations that might prevent them from qualifying for traditional mortgage options, or those who don’t have a credit history, this lender is a strong choice.
Overall lender rating
FeatureInsider rating (out of 5)Loan types4Affordability5Customer satisfaction5Trustworthiness5Total4.75
Pros and cons
ProsCons
Accepts non-traditional credit on its FHA, VA, and non-QM mortgages
Offers guidance on improving credit to borrowers who have no credit or poor credit
Has mortgage options for self-employed borrowers, real estate investors, and others with unusual income situations
Doesn’t lend in Connecticut, Georgia, Hawaii, Massachusetts, Missouri, Nevada, New Hampshire, or Utah
You can’t view customized rates online
Network Capital Funding mortgage interest rates and fees
You can view a small handful of sample rates on Network Capital’s website, but it doesn’t have a tool that lets you see what rate you might get based on your situation.
Network Capital says it doesn’t charge any lender fees. This can help lower your closing costs, but keep in mind that you’ll still pay third-party fees, such as an appraisal fee.
Network Capital Funding vs. CashCall Mortgage
Network Capital and CashCall are similar in that they both have mortgage options for self-employed borrowers and real estate investors. If you need to use bank statements or income from an investment property to qualify for a mortgage, both of these lenders are good options for you.
But if you don’t have a credit history, Network Capital is the better option, since CashCall doesn’t accept non-traditional credit in lieu of a formal credit score. Non-traditional credit uses things like your rent or utility payment history to show you have a track record of making on-time payments.
Network Capital Funding vs. Guild Mortgage
Network Capital Funding and Guild Mortgage both allow borrowers with no credit history to apply using non-traditional credit on some of their mortgages. Both also rank strong in customer satisfaction.
If you’re looking for a more unusual mortgage type, Guild might suit you better, since it has a wider range of options than Network Capital.
How Network Capital Funding works
You can get started with Network Capital Funding online or over the phone. This lender operates in 42 states and Washington, DC. It doesn’t lend in Connecticut, Georgia, Hawaii, Massachusetts, Missouri, Nevada, New Hampshire, or Utah.
Network Capital offers conforming, FHA, VA, and non-QM mortgages. It also has home equity loans and HELOCs.
“Non-QM” means “non-qualified mortgage,” and it refers to mortgages that don’t meet the Consumer Financial Protection Bureau’s definition of a qualified mortgage. Non-QM mortgages typically have more flexible requirements and allow for alternative methods of approval. For example, some lenders offer non-QM mortgages that let self-employed borrowers use bank statements to show proof of income, rather than W-2s or tax returns. Non-QM mortgages are often more expensive for borrowers, because of the increased risk.
Network Capital Funding’s non-QM products include a bank statement mortgage and a mortgage for real estate investors that lets borrowers use the income from their investment property to qualify.
On its conforming mortgages, Network Capital requires a down payment of 3% from first-time homebuyers. For subsequent homebuyers, a down payment of at least 5% is required.
If you have no credit score, you may be able to qualify using non-traditional credit with this lender. Network Capital Funding accepts non-traditional credit on its FHA, VA, and non-QM mortgages. You may also receive guidance on how to improve your score if you’re unable to qualify.
If you have questions for Network Capital Funding, you can call, email, or chat online. Call Monday through Friday from 8 a.m. to 7 p.m. PT. and Saturday from 10 a.m. to 3 p.m. PT.
Is Network Capital Funding trustworthy?
Network Capital Funding currently has an A+ rating from the Better Business Bureau. BBB grades are based on honesty in advertising, transparency about its business practices, and effectiveness in responding to customer complaints.
This lender has very positive online customer reviews, earning an average rating of 4.9 out of 5 stars on both TrustPilot and its Zillow lender profile.
Network Capital Funding FAQ
What is Network Capital Funding?
Network Capital Funding is an online mortgage lender. It offers conforming mortgages, government-backed mortgages, non-QM mortgages, home equity loans, and HELOCs.
Does Network Capital Funding do refinance loans?
Yes, you can refinance your mortgage with Network Capital Funding.
What is a non-QM loan?
A non-QM loan is a mortgage that doesn’t meet the CFPB’s criteria for qualified mortgages. Qualified mortgages require that income be verified in a certain way that can make it more difficult for those who aren’t salaried, W-2 earners to qualify.
Many non-QM mortgages are geared toward borrowers who would benefit from alternative methods of verifying income. Network Capital Funding offers non-QM mortgages for self-employed borrowers and real estate investors.