NON-QM Loans

What is a NON-QM Loans?

Non-Qualified Mortgage (Non-QM) loans are designed for borrowers whose financial situations don't meet the strict requirements of conventional or government-backed loans. These loans use alternative documentation methods to verify income and repayment ability — making them an excellent option for self-employed professionals, real estate investors, and others with non-traditional income streams.

Who It's For

Non-QM loans are ideal for self-employed borrowers, business owners, real estate investors, foreign nationals, and high-net-worth individuals with complex financial profiles. If you've been turned down by a traditional lender due to income documentation, credit history, or a high loan amount, a Non-QM loan may be the right fit.

Key Benefits

• Bank statement loans: use 12–24 months of bank statements instead of tax returns
• Asset-based lending: qualify based on assets, not just income
• DSCR loans: qualify investment properties based on rental income
• No waiting period after major credit events in some programs
• Available for primary residences, second homes, and investment properties
• Higher loan amounts available compared to conventional programs

Eligibility Requirements

• Credit score requirements vary by program (generally 620+)
• Strong assets or cash reserves typically required
• Higher down payment common (10–30% depending on program)
• Alternative income documentation accepted (bank statements, 1099s, P&L)
• Higher interest rates than conventional loans reflect additional lender risk
• Property types vary by program — discuss options with Adele