Non-QM Loans (All Programs)
Real income doesn't always fit a W-2.
Non-QM ("non-qualified mortgage") loans are built for borrowers who don't fit the standard agency box — self-employed income that doesn't show up cleanly on tax returns, investment properties qualified on rent, recent credit events, or unique income sources — without sacrificing competitive terms.
Program Highlights
- DSCR Investor — qualify on rental income, no personal income documentation
- Bank Statement — 12- or 24-month personal or business bank statements in place of tax returns
- P&L Only — a single CPA-prepared profit & loss statement as income verification
- Asset Utilization / Asset Depletion — qualify using liquid assets rather than income
- 1099-Only — for contractors and gig workers using 1099 income without full tax return review
- Full Doc Non-QM — traditional income documentation with more flexible credit, DTI, or property guidelines than agency loans allow
- Foreign National — for non-U.S.-citizen borrowers purchasing U.S. investment property
- Loan amounts from conforming-size up through multi-million-dollar jumbo
- LTVs up to roughly 80–90% depending on the specific program and documentation type
- Flexible credit event seasoning — often far shorter than agency requirements
- Interest-only options available on several programs
- Primary residence, second home, and investment property eligible
- ITIN borrowers eligible under certain programs
Best For
- Self-employed professionals and business owners
- Real estate investors and foreign nationals
- Borrowers with a recent credit event outside conventional seasoning windows
What You'll Need to Qualify
- Documentation varies by program (bank statements, P&L, assets, 1099)
- LTVs up to roughly 80–90% depending on program
- Primary, second home, and investment property eligible
- Flexible credit event seasoning
Guidelines vary by lender and borrower profile. All loans subject to underwriting approval. Not a commitment to lend.
Good to Know
"Non-QM" isn't one product — it's a category, and the right program depends on your income type, documentation, and goals. A quick conversation usually narrows it to one or two best-fit options.
Common Questions
Is Non-QM only for people with bad credit?
No — many Non-QM borrowers have strong credit but don't fit the agency documentation box (self-employed, investor, foreign national, etc.).
Which Non-QM program is right for me?
It depends on your income type and documentation — see the DSCR, Bank Statement, P&L, Fix & Flip, and Hard Money pages for program-specific detail, or reach out for a quick fit assessment.
Are Non-QM rates much higher than conventional?
Pricing varies by program, credit, and LTV — some Non-QM scenarios price close to conventional, especially on strong-credit, lower-leverage files. Standard Programs