Non-QM loans are designed for borrowers who don't fit traditional mortgage guidelines but are financially strong in other ways. They're ideal for:
Check My Non-QM Eligibility
Completely secure: SSN not required. Won't impact your credit score.
Choose your next step:
Qualify using bank statements, asset depletion, or rental income instead of W-2s or tax returns.
Higher DTI limits than conventional loans allow.
Accepts lower credit scores or recent credit events such as bankruptcies or foreclosures.
Options may include interest-only payments or alternative amortization schedules.
Occupation: General Contractor
Annual Revenue: $1.2M
Taxable Income (after deductions): $80,000
Credit Score: 730
Goal: Purchase an investment property
Andrew approaches conventional lenders with strong revenue - but they only consider his $80K taxable income. His business write-offs, while smart for taxes, make him appear underqualified. He's denied because he doesn't meet rigid income-to-debt requirements.
With a Non-QM loan, Andrew's real financial picture is recognized.
By reviewing 12 months of business bank statements showing consistent deposits, combined with his solid credit and down payment, Andrew easily qualifies for his investment property loan.
Non-QM lending supports the entrepreneur behind the numbers.
Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:
