why our team loves non-QM loans
Out-of-the-box doesn’t mean out of reach. If you’re self-employed, an investor, or have non-traditional income, a Non-QM loan can help you qualify without the usual paperwork or strict guidelines. These flexible mortgage options are built for real-world borrowers with real-life complexity—no W-2s required.
Non-QM Loans At A Glance
Non-QM loans can open doors when traditional loans fall short. They’re a game-changer for entrepreneurs, investors, and anyone whose financial profile doesn’t fit the 9-to-5 mold. With flexible documentation and a variety of custom solutions, they make homeownership and investment more accessible—without sacrificing service or speed.
Highlights
- Alternative Income Options: Use bank statements, asset depletion, or rental income to qualify.
- No Tax Returns Needed: Especially helpful for self-employed buyers.
- Flexible Credit Guidelines: Recent credit events like bankruptcy or foreclosure may be okay.
- Higher Loan Limits Available: Often exceed conforming limits.
- Expanded Property Types: Works for investment properties, short-term rentals, and more.
Non-QM Loan Guidelines
- Down Payment: Typically 10%–20% or more.
- Income Verification: Bank statements, rental income, or asset-based options.
- Property: Primary, secondary, or investment homes—including condos and non-warrantable properties.
- Debt-To-Income: More flexible than standard loans, depending on loan type.
- Loan Limits: May exceed conventional and jumbo thresholds.
Non-QM Loan Pros
- Great For Self-Employed Borrowers: Qualify using 12–24 months of bank statements instead of W-2s or tax returns.
- Flexible Income Documentation: Asset depletion, P&L statements, or rental income can be used to qualify.
- Credit Flexibility: Borrowers with recent bankruptcies, late payments, or foreclosures can still apply.
- Ideal For Investors: Options like DSCR (Debt Service Coverage Ratio) loans let you qualify based on property income, not personal income.
- Higher Loan Amounts: Designed to work for borrowers with big-picture investment or luxury goals.
Best for…
Self-employed or 1099 borrowers
Real estate investors (including short-term rentals)
Borrowers with recent credit challenges
High-net-worth individuals using asset-based income
Buyers who don’t qualify through traditional means
Questions? We'll Answer.
Let's answer the questions you're definitely not the first (or the last) to ask.
Most Non-QM loans require at least 10–30% down, depending on your financial profile.
Yes, some Non-QM lenders accept lower credit scores and recent bankruptcies or foreclosures. However, interest rates may be higher.
Free Guides & Resources
Our favorite kind of buyer? A confident one. Brush up on your loan knowledge, get an accurate quote, and let's get to it.
