Non-QM Loans
Flexible financing solutions for borrowers who don't fit traditional loan requirements.
Non-Qualified Mortgage (Non-QM) loans are alternative financing options for borrowers who don't meet the standard requirements for traditional loans. These loans offer more flexibility for self-employed individuals, investors, and those with unique financial situations.
Key Benefits
• Flexible income verification - Bank statements, asset-based, or P&L statements accepted
• Higher debt-to-income ratios - More flexibility for borrowers with higher DTI
• Investment property options - Ideal for real estate investors
• Unique property types - Can finance non-standard properties
Frequently Asked Questions
Who is a good candidate for a Non-QM loan?
Self-employed individuals, real estate investors, borrowers with high debt-to-income ratios, or those with unique income situations that don't fit traditional loan requirements.
Are Non-QM loans more expensive?
Non-QM loans typically have slightly higher interest rates than traditional loans due to the increased flexibility and risk. However, they provide access to financing that might not otherwise be available.
What documentation is required?
Documentation requirements vary by loan program but may include bank statements, profit and loss statements, or asset verification instead of traditional W-2s and tax returns.
Key Highlights
- •Flexible income verification
- •Higher debt-to-income ratios
- •Investment property options
- •Unique property types
- •Self-employed friendly
- •Bank statement programs
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