Non-QM Loans
Flexible underwriting for borrowers outside standard guidelines.
Non-Qualified Mortgage (Non-QM) loans are designed for borrowers who don't fit traditional agency guidelines - including business owners, real estate investors, retirees, and borrowers with recent credit events. Underwriting is more flexible and uses alternative documentation.
What a Non-QM Loan Looks Like
A quick read on who this program fits, what it takes to qualify, and where the money goes - so nothing feels like a surprise.
Who It’s For
Flexible underwriting for borrowers outside standard guidelines.
- Self-employed borrowers with complex income
- Real estate investors
- Retirees living on assets
How You Qualify
Underwriting reviews credit, income, and the property together to build the loan.
- Credit and reserves based on program
- 10%–25% down typical
- Two years of self-employment history (bank statement programs)
What It Costs
10%–25% down is typical, depending on program and property type. - Standard 2%–5% range; some programs include lender points reflected in APR.
- Alternative income documentation (bank statements, P&L, assets)
- Recent credit events may be acceptable
- Interest-only and 40-year options on some programs
What You’ll Need to Qualify
- Credit and reserves based on program
- 10%–25% down typical
- Two years of self-employment history (bank statement programs)
Have These Ready
- Program-specific (bank statements, P&L, asset statements)
- Photo ID
- Property insurance
Not Sure If You Qualify Yet?
A licensed loan advisor will walk your numbers with you - no credit pull, no obligation. You’ll leave the call knowing exactly what to fix first.
The Upside - and What to Weigh
Every program has trade-offs. Here’s the honest picture side by side, without the marketing gloss.
Benefits
- Alternative income documentation (bank statements, P&L, assets)
- Recent credit events may be acceptable
- Interest-only and 40-year options on some programs
- Investment property, second home, and primary options
Considerations
- Higher rates than conforming loans
- Program pricing varies more with credit and down payment
- Fewer lenders offer these programs
- Borrowers who fully qualify under standard conventional/FHA/VA guidelines
- Rate-sensitive borrowers (Non-QM prices at a premium)
- Borrowers without strong reserves
Run the Numbers on a Non-QM Loan
Adjust the price, down payment, and rate to see an estimated monthly payment. Great for narrowing the search before you formally apply - a quick preapproval confirms your real numbers.
Estimate only. Taxes, insurance, and PMI vary by location and loan program.
Get Preapproved
From Application to Keys in Plan for 30–45 days from application to close.
- 01Apply
Quick online form or a 10-minute call.
- 02Verify
Income, assets, and credit reviewed together.
- 03Appraisal
Property value confirmed for the loan amount.
- 04Close
Sign, fund, and get your keys.
More for Non-QM Loans Shoppers
Compare Similar Programs
- Bank Statement Loans
Mortgage financing for self-employed borrowers using bank deposits.
Open - DSCR Loans
Investor loans qualified by the property's cash flow - not your W-2.
Open - Jumbo Loans
Financing for homes above conforming loan limits.
Open - Commercial Loans
Financing structured around property income, risk, and strategy.
Open
Run the Numbers
Read up Before You Apply
- Bank Statement Loans: the Self-Employed Playbook
How bank statement underwriting reads your business, what to prepare, and where these loans win over conventional.
Open - DSCR Loans: Scaling a Rental Portfolio
Why DSCR is the workhorse for investors qualifying on property cash flow, and how the ratio actually gets calculated.
Open
Questions We Hear About Non-QM Loans
Can’t find yours here? A licensed advisor can walk through your specific situation in under 15 minutes.
Straight answers, no pressure - email or call directly.
See if a Non-QM Loan Fits Your Situation.
A 10-minute preapproval gives you real numbers and a licensed advisor to answer questions - no pressure, no obligation.
