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Real income doesn't always fit in a W-2.

Non-QM loans use alternative documentation — bank statements, rental cash flow, or assets — designed for self-employed borrowers, investors, and anyone whose finances don't fit the standard box.

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Flexible

Documentation

10–20%

Typical down

680+

Typical credit

Non-QM

Qualify on how you actually earn.

12- or 24-month bank statement programs

DSCR loans qualified on rental income

Asset-based and ITIN options

Primary, second home, and investment properties

The Basics

What is a Non-QM loan?

A Non-Qualified Mortgage is a home loan that doesn't follow the standard underwriting rules required for sale to Fannie Mae and Freddie Mac. Rather than relying solely on tax returns and W-2s, these programs can verify your ability to repay through bank statement deposits, property rental income, or liquid assets — serving self-employed professionals, business owners, real estate investors, high-net-worth borrowers, and those with unconventional income.

Alternative documentation using bank statements, rental cash flow, or assets instead of standard paperwork
Designed for self-employed professionals, business owners, investors, and unique income profiles
Can finance primary residences, second homes, and investment properties depending on program
Loan amounts may exceed conforming limits in certain programs
Typically requires stronger credit, larger down payments, and cash reserves

Why Non-QM

Why borrowers choose Non-QM.

Flexible income verification

Qualify using 12 or 24 months of bank statements, rental income documentation, or asset-based methods rather than tax returns alone.

Built for the self-employed

Business deductions can understate your real income on tax filings. These programs look at a more complete financial picture.

Unique property flexibility

Options for investment properties, condos, and scenarios that traditional guidelines handle poorly.

Room to grow a portfolio

DSCR programs qualify the loan on the property's rental income rather than your personal income — so you can keep expanding.

Program Options

Types of Non-QM loans.

Bank Statement Loan

Qualify using 12 or 24 months of personal or business bank deposits instead of tax returns.

DSCR Loan

For investors: qualification is based on whether the property's rental income covers the payment, not your personal income.

Asset-Based Loan

For borrowers with significant liquid assets, eligible holdings are converted into qualifying income.

ITIN Loan

A mortgage option for borrowers who file with an Individual Taxpayer Identification Number rather than an SSN.

Requirements

What it takes to qualify.

Credit score

Typically 680 or higher, with better pricing for scores of 740+. Requirements vary by program.

Down payment

Generally at least 10–20%; some programs require more depending on documentation type and property.

Cash reserves

Usually 6 to 12 months of projected mortgage payments, depending on program and scenario.

Documentation

Alternative paperwork — bank statements, leases, asset statements — must be complete and verifiable.

Loan-to-value

Lower LTVs typically receive better terms; higher LTVs may be possible with compensating factors.

Housing & employment history

Solid payment history and a stable work or business background support approval.

How It Works

How to apply for a Non-QM loan.

Talk through your profile

Tell us about your income sources — business earnings, rentals, assets — and your goals. Soft credit inquiry only.

Match to a program

Your advisor selects the documentation approach that presents your finances most favorably.

Gather your documents

Bank statements, leases, or asset statements, uploaded once through our secure portal.

Specialized underwriting

A Non-QM-experienced team reviews your file with updates in your dashboard throughout.

Lock & close

Secure your rate, sign electronically, and close with your team coordinating the details.

Good Questions

Non-QM FAQs.

Who is eligible for a Non-QM loan?

Non-QM mortgages serve borrowers outside traditional lending parameters — non-standard income documentation, higher debt-to-income ratios, past credit events, or a need for flexible underwriting. Eligibility depends on the specific program and your individual circumstances.

Can self-employed borrowers get a Non-QM mortgage?

Yes — self-employed borrowers are the core audience. Bank-statement programs use 12 or 24 months of deposits to establish income, so write-offs on your tax returns don't work against you.

Can I buy an investment property with a Non-QM loan?

Yes. DSCR loans are designed for exactly that: the property qualifies on its own rental income, with no personal income documentation required, and there is generally no limit on the number of financed properties.

Can I refinance a Non-QM loan?

Yes. You can refinance a Non-QM loan into another Non-QM program, or — once your documentation supports it — into a conventional loan with potentially better pricing. Your advisor will map out the path.

How much down payment does a Non-QM loan require?

Typically 10–20% or more, depending on the program, your credit score, the property type, and the documentation method. Larger down payments generally improve both approval odds and pricing.

Your income is real. Let's document it the right way.

No hard credit inquiry to explore your programs. Tell us your situation and we'll identify the options that fit.

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Important rate & fee disclosures

Non-QM programs use alternative documentation to verify ability to repay and are subject to program-specific criteria that typically include down payments of 10–20% or more, credit scores of 680 or above, and 6–12 months of cash reserves. Requirements vary by program and scenario. Program availability, rates, APRs, and terms vary by credit profile, documentation type, loan-to-value, and property type and are not guaranteed. Not a commitment to lend.