Side by side
| Local broker | Big bank | |
|---|---|---|
| Loan options | Dozens of lenders; full non-QM menu (DSCR, bank statement, fix & flip, construction) | The bank’s own products; typically QM-only |
| Who helps you | A local licensed loan officer you can actually reach | Branch staff or centralized processing; your file may travel |
| Decision speed | Chooses the fastest lender for your scenario; direct line to underwriting | Large centralized pipelines; timelines vary |
| Investor loans | DSCR, LLC closings, portfolio and bridge options | Rarely offered |
| Self-employed borrowers | Bank statement, 1099, P&L and asset-depletion programs | Usually tax returns only |
| Availability | Brokers like us work 24/7 by phone | Branch hours |
| Pricing | Lender competition; compensation disclosed on the Loan Estimate | May discount for existing wealth or deposit relationships |
Figures are typical market ranges as of October 2026. Actual terms depend on the lender, your credit, the property and the program, and are confirmed on your Loan Estimate or term sheet.
Where we fit
Instant Money Mortgage is a mortgage broker: one dedicated licensed loan officer (Juan Fernando Romero, NMLS 2557318) shops your scenario across many lenders, including the full non-QM menu. Meet the team, then explore the programs most borrowers compare:
DSCR Loans
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
Bank Statement Loans
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
FHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
FAQ
What counts as a “local” broker?
A broker licensed in your state with a loan officer you can reach directly, who knows your market. We are based in Hollywood, Florida and lend nationwide, with a dedicated loan officer on every file.
Do big banks do DSCR or bank statement loans?
Generally no. Most big banks stick to conventional, FHA, VA and jumbo loans underwritten to standard guidelines. Non-QM programs live mostly with brokers and specialty lenders.
Is my money safe with a broker instead of a big bank?
Your loan funds come from the end lender, and brokers are licensed and regulated just like banks. Verify any company and loan officer on NMLS Consumer Access.
Other comparisons
- Mortgage broker vs Bank
- Mortgage broker vs Online lender
- DSCR Loan vs Conventional Investment Loan
- Bank Statement Loan vs Conventional Loan
- FHA Loan vs Conventional Loan
- VA Loan vs FHA Loan
- Fix and Flip Loan vs Hard Money Loan
- Bridge Loan vs HELOC
- Cash-Out Refinance vs HELOC
- DSCR Loan vs Bank Statement Loan
- Lender-Paid Compensation vs Borrower-Paid Compensation
- Fixed-Rate Mortgage vs Adjustable-Rate Mortgage
- DSCR Loans vs Hard Money Loans
- Bank Statement Loans vs Conventional Loans
- Fix and Flip Loans vs HELOC for Renovations
- Cash-Out Refinance vs HELOC for Investors
- FHA Loan vs Conventional Loan
- 15-Year Mortgage vs 30-Year Mortgage
- Buying a Rental with Cash vs Financing a Rental Property
- Local Mortgage Broker vs Rocket Mortgage
- USDA Loan vs FHA Loan
- HELOC vs Home Equity Loan
- DSCR Loan vs Hard Money Loan
- 15-Year Mortgage vs 30-Year Mortgage
- Second Home Loan vs Investment Property Loan
- Warrantable Condo vs Non-Warrantable Condo