Non-QM Mortgage Loans
What Is a Non-QM Loan?
Non-QM loans are alternative financing products designed for borrowers who don't fit traditional lending guidelines, providing valuable options for self-employed individuals, investors, and those with unique financial situations.
These loans use alternative methods to verify income and assess creditworthiness. Our veteran-owned mortgage company specializes in helping non-traditional borrowers find the right financing. Use our mortgage calculators to estimate your monthly payment.
Benefits of Non-QM Loans
Discover why Non-QM loans are the go-to choice for self-employed borrowers and real estate investors.
Flexible Income Verification
Bank statements, 1099s, or asset-based qualification for self-employed and non-traditional borrowers.
Alternative Credit Profiles
Qualify with recent credit events like bankruptcy, foreclosure, or low credit scores that wouldn't qualify for traditional loans.
Higher DTI Ratios Accepted
Debt-to-income ratios above conventional limits are acceptable with compensating factors.
Unique Property Types
Finance non-warrantable condos, mixed-use properties, and other property types traditional lenders won't approve.
Non-QM Loan Requirements
Here's what you need to qualify for a Non-QM mortgage loan.
Credit Score
Typically 580+, though some programs go lower
Down Payment
Usually 10-20% minimum, depending on credit and loan type
Documentation
Bank statements (12-24 months), 1099s, asset statements, or other alternative income verification
Property Types
Primary, second homes, investment properties, and unique property types accepted
Who Should Consider a Non-QM Loan?
Ideal Borrowers
- Self-employed business owners with complex tax returns
- Real estate investors with multiple properties
- High-net-worth individuals with asset-based income
- Foreign nationals purchasing U.S. real estate
Potential Drawbacks
- Interest rates are typically higher than conventional loans
- Higher down payment usually required (10-20%)
- Borrowers with recent credit events may face stricter terms
Non-QM Loan FAQs
Compare Other Loan Programs
Not sure if a Non-QM loan is right for you? Explore these alternative financing options.
VA Loans
No down payment for veterans and service members
Learn MoreConventional Loans
Flexible financing with competitive rates
Learn MoreFHA Loans
3.5% down with flexible credit requirements
Learn MoreUSDA Loans
Zero down payment for rural and suburban homes
Learn MoreJumbo Loans
Financing for luxury homes above conforming limits
Learn MoreNeed Flexible Financing?
See if a Non-QM loan is the right fit for your unique financial situation
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