Non-QM Loans

Unique loans for unique circumstances.

Our Non-QM Home Loans

Your situation is unique, and so should your home loan. Non-qualifying mortgage (QM) loans are for borrowers who may not fit conventional mortgage guidelines but can qualify in alternative and flexible ways.

About Non-QM Loans

Is This Loan for You?

These are loans that fit outside the box for borrowers who may not fit inside the box. 

Not every borrower fits neatly inside a traditional government matrix, or the requirements designed for conventional loans. 

That’s where a Non-QM loan can be helpful. A Non-QM loan can be the solution to help a borrower achieve the American dream of home ownership. 

Most often, we find borrowers are in one of three situations that best fit a Non-QM loan:

  • Self-employed borrowers with a lot of income tax write-offs
  • Borrowers with credit blemishes
  • Investors wishing to purchase rental or vacation home properties.

A temporary or permanent solution to help you own that dream home. 

If you’ve found your dream home but were denied a home loan, a non-QM product may be worth considering. Here are some of the positives of non-QM loan products, designed with the following borrowers in mind:

SELF-EMPLOYED: Instead of tax returns, non-QM lenders offer bank statement mortgage loans. With 12 to 24 months’ worth of personal or business statements, the lender evaluates deposits to determine your qualifying income.

BAD CREDIT: You may qualify for a non-QM loan one day after completing a bankruptcy or foreclosure. For standard loan programs, you typically need to wait two to seven years after a significant credit event.

FOREIGN NATIONALS:A foreign national is a citizen of another country who lives in the U.S. for brief periods for work or vacation. Non-QM loans for foreign nationals may not require proof of U.S. income, credit or a Social Security number.

Loan Eligiblity

Flexible guidelines designed just for you;
we want to help you achieve your goal.

While there are no uniform underwriting standards for non-QM loans, lenders tend to specialize in certain types of non-QM products. Interest rates and loan terms may vary widely from lender to lender. Data compiled by CoreLogic in 2019 found the following common credit characteristics of closed non-QM loans:

  • Average credit score of 760 (not a rule, there are programs for those with lower scores)
  • Average down payment was 21% to avoid the added cost of mortgage insurance
  • Average debt-to-income ratio: The average DTI ratio for non-QM homebuyers was higher in contrast to the DTI ratio for QM homebuyers

Non-QM Home Loan FAQs

Helping You Buy on Your Own Terms

You owe it to your self to explore our hassle-free mortgage options at low and affordable rates.