Non-QM loans
Financing that fits the way you earn
Non-QM (non-qualified mortgage) loans use alternative ways to verify income and assets, so self-employed borrowers and investors are not forced into a one-size-fits-all approval.
- Income proof
- Alternative docs
- Borrowers
- Self-employed and investors
- Property use
- Home or investment
- Terms
- Fixed and adjustable
How Non-QM financing works
Traditional loans rely on W-2s and tax returns. If you own a business, earn irregular income or write off significant expenses, your tax returns may not show what you can truly afford. Non-QM programs look at the full picture.
These loans are fully documented and underwritten. They simply use different documentation, such as bank statements or property cash flow, instead of standard tax returns.
Key benefits
- Bank statement programs using 12 or 24 months of deposits
- Asset-based qualifying for borrowers with significant savings
- Investor loans qualified on the rental income of the property
- Options for recent credit events
- Programs for foreign nationals and ITIN borrowers
- Interest-only payment options on some programs
What you need to qualify
- Alternative income documentation, such as 12 to 24 months of bank statements
- Larger down payment than most government programs, often 10% to 20% or more
- Credit score requirements that vary by program
- Reserves in savings after closing
- Pricing is typically higher than for fully qualified loans
Rates, terms and guidelines vary by program and are subject to change.
Who this loan is best for
Want to know more? I would be honored to assist you in achieving your goals.
ConnectOrder CreditApply NowThe process, step by step
- 1
Tell me your story
We discuss how you earn and what you need.
- 2
Choose a program
I match you with the Non-QM option that fits.
- 3
Submit documents
Provide bank statements or other program documents.
- 4
Underwriting
Your file is fully reviewed and the property appraised.
- 5
Close
Sign and move forward with your purchase or refinance.