Loans for real lives, not just W-2s.
Bank statements, asset utilization, DSCR, 1099, ITIN, foreign national, and more.
Non-QM.
Non-QM (non-qualified mortgage) loans are built for borrowers who don't fit the standard W-2 + 30-year-fixed box. Self-employed with fluctuating income? Landlord with rental properties? New to the country with no credit history? These programs exist for real people with real income that doesn't always show up on a 1040.
- ✓Self-employed borrowers with complex returns
- ✓Real estate investors using DSCR
- ✓Foreign nationals or ITIN borrowers
- ✓Borrowers rebuilding after a recent housing event
- ✓High-asset, low-DTI buyers using asset utilization
Questions we get about non-qm.
What is a Non-QM loan?
A mortgage that doesn't meet the 'Qualified Mortgage' standards set by the CFPB, usually because the borrower's documentation or debt-to-income doesn't fit conventional rules. Non-QM lenders underwrite based on other evidence of ability to repay.
What's a DSCR loan?
Debt-Service Coverage Ratio, an investor loan that qualifies based on the property's rental income rather than the borrower's W-2. Great for scaling a rental portfolio.
Can I get a mortgage with just bank statements?
Yes. We offer 12- and 24-month bank statement programs for self-employed borrowers. We look at deposits into business or personal accounts to establish income.