Non-QM Loans

Non-QM Loans for
Borrowers Banks Misread

If your income, property or citizenship does not fit the standard boxes, a non-qualified mortgage can. Lenders still verify that you can repay. They accept different proof, such as bank statements, rental income or assets.

Same ability to repay.
Different proof of it.

A non-QM loan does not follow the federal Qualified Mortgage rules or the standard Fannie Mae, Freddie Mac and FHA guidelines. Rates and down payments are usually higher than conventional loans, and lenders must still confirm you can repay under federal ability-to-repay rules. We compare programs across more than 100 lenders to find the one that fits.

Who It Is For

Non-QM fits borrowers
the standard file leaves out

  • Self-Employed Borrowers

    Business owners and 1099 earners whose tax returns understate their real income.

  • Real Estate Investors

    Investors who want to qualify on a property's rent, close in an LLC or fund a flip.

  • Foreign Nationals and Condo Buyers

    Buyers without U.S. credit or a Social Security number, and buyers of condos outside agency guidelines.

DSCR Loans

Qualify on the property's rent, not your income

A debt service coverage ratio loan compares the property's rent with its full monthly payment. If the rent covers the payment, you can qualify without W-2s or tax returns, and many programs let you close in an LLC.

Best fit for:

  • Investors buying or refinancing rentals
  • Borrowers who write off most of their income
  • Short-term and long-term rentals
  • Closing in an LLC or other entity
Explore DSCR loans

Bank Statement, P&L and Asset Depletion

Income proof for the self-employed

Qualify with 12 to 24 months of personal or business bank statements, a profit and loss statement, or eligible savings and retirement balances turned into qualifying income.

Best fit for:

  • Business owners and freelancers
  • 1099 and commission earners
  • Retirees and high-asset borrowers
  • Borrowers whose tax returns understate income
Explore self-employed loans

Foreign National Loans

No SSN or U.S. credit history required

U.S. mortgages for non-residents buying a second home or investment property, qualified on a passport, foreign income, assets or the property's rent.

Best fit for:

  • International buyers investing in the U.S.
  • Second homes and vacation properties
  • Buyers without a U.S. credit history
  • Closing from abroad
Explore foreign national loans

Non-Warrantable Condo Loans

For the buildings banks decline

Financing for condos and condotels that fall outside Fannie Mae and Freddie Mac guidelines, such as buildings with high investor concentration, short-term rental rules, litigation or HOA reserve issues.

Best fit for:

  • Condotels and short-term rental buildings
  • Buildings with pending litigation
  • Projects with commercial space or one large owner
  • Florida buildings affected by new condo safety laws
Explore condo financing

Fix and Flip and Bridge Loans

Short-term capital for investors

Purchase and rehab financing sized to the after-repair value, and bridge loans that let you close before a sale or permanent loan comes through.

Best fit for:

  • Investors who buy, renovate and sell
  • Buying before your current property sells
  • Time-sensitive purchases and auctions
  • Projects with a refinance or sale exit
Explore fix and flip loans

Apply today and find the loan
that fits how you earn

Meet with your personal loan officer to compare non-QM programs across more than 100 lenders

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