Non-QM loans are more flexible than traditional mortgages, allowing borrowers with unique income streams to qualify for home financing. Non-QM loans use alternative methods to verify income, such as bank statements or assets instead of pay stubs or W-2s. Non-QM mortgages are not subject to the same rules and limitations as QM loans. These loans typically have less stringent requirements for down payment, debt-to-income ratio, and repayment schedules. In addition, non-QM loans do not require your self-employed income to be verified by an outside source.
Non-QM loans can be used to buy primary residences, investment properties, or vacation homes.
Non-QM loans can be used for rate-and-term refinances, cash-out refinances, and more.
Non-QM lenders offer options tailored to:
Streamline self-employed borrower loans with a CPA or Enrolled Agent-prepared Profit & Loss statement, ensuring accuracy, boosting lender confidence, and speeding up approval.
Secure financing using the value of assets like real estate or investments, ideal for those with limited income documentation.
Qualify based on assets, perfect for high-net-worth individuals or investors seeking a simplified loan process.
1099 loans simplify qualification for self-employed borrowers by using 1099 forms and YTD bank statements, bypassing W-2s for a smoother loan approval process.
Help your investor clients grow their real estate portfolios with DSCR loans, including a No Ratio option, focusing on property income rather than personal finances.
Loans for high-net-worth borrowers, with Jumbo up to $3M and Super Jumbo exceeding that.
Flexible loans for self-employed or unique financial situations, based on assets or stated income.
Tailored financing solutions for first-time buyers, low credit scores, or non-traditional income sources.