Is It For You?
Traditional mortgages often have strict income requirements that some homebuyers can’t meet. But that doesn’t mean homeownership is out of reach! Non-qualified mortgages (non-QM) offer alternative paths for borrowers with sufficient income or assets to qualify for a home loan.
Self employed and worried you can't get a loan? We offer loan programs that allow us to qualify you using your 1099 income.
For investors interested in owning rental properties we have a debt service coverage ratio (DSCR) loan that allows you to use rental income to qualify.
Many Non-QM loan products are designed to help individuals who have credit issues. Such as a low credit score or a bad credit event.
We offer a loan product for foreign nationals who are looking to purchase a home in the U.S. No U.S. credit is required.
Don’t be deterred by the “non-qualified” label. These loans simply use alternative methods to assess a borrower’s ability to repay. Non-QM loans offer a more flexible approach to income verification, helping borrowers who might not qualify for traditional mortgages due to non-standard income sources.
Allows you to use a variety of income sources that aren't allowed with conventional loan programs. This includes self-employed income.
Programs designed to provide financing for both Foreign Nationals and ITIN individuals.
Allows you to grow your real estate portfolio by using the cash flow from the rental properties to qualify.
Can use business bank statements or profit and loss statements to qualify. This is advantageous for small business owners.
Since your financing situation is unique to you, there are a variety of documents you can bring to your mortgage broker depending on your loan program. However, here are some of the more common documents you would be asked for.
We offer both 12- and 24- month bank statement loans. This could be either business or personal bank statements.
In order to use rental income to qualify for a loan you will need to provide a signed lease agreement.
Providing two years of your 1099's or W2's will help you get a head start on loan requirements.
Having two months' worth of statements is typically required to document all assets.
Feeling like you fall under the Non-QM loan tree? Start your unique financing journey today by getting pre-approved!
Non-QM loans tend to offer more flexibility especially when it comes to income qualifying. Unlike conventional loans these loans do not conform to the Consumer Financial Protection Bureau guidelines.
No Social Security number, no problem. We offer ITIN, individual taxpayer identification number, loans for those individuals who don’t have a Social Security number.
While not all QM-loans can be used for investment properties there are a few that are designed with investors in mind. For those looking to use rental income for qualifying purposes a DSCR loan is the perfect match. Talk to one of our mortgage experts to learn more.
Yes, you can qualify for a loan using either 12- or 24-months of bank statements. For individuals who own a business we also offer programs that allow you to use your business bank statements.
You can still qualify for a loan as a self-employed individual. The most common program used by self-employed individuals is the 1099 loan.
