Soft Money, or AltQM or NonQM, is between hard money and FHA/Conventional loans. But what’s the real truth about soft money loans? They are less expensive than hard money – usually. They take longer to get than hard money. They require an appraisal – for sure. They require more paperwork – no kidding. And the lenders who offer soft money loans keep going out of business. I don’t know why. But they do. We always, automatically, review every loan request to see if it fits into a soft money or conventional/FHA type of loan. We don’t want you to pay more than you have to. But most people know when they need hard money. They’ve already been through the process – a few times, and they’ve been turned down and told to call a hard money lender. So, typically, we aren’t able to put you into something else