A mortgage built for the way you earn
More flexible income verification
Broader credit guidelines
Designed for the self-employed
How a Non-QM loan works
Get a fit check by answering a few questions about your income and goals.
Review your best loan options with no commitment required.
Provide alternative income documents like bank statements or 1099s.
Verify income and assets and upload required documents.
A closer look before final approval considers your unique financial profile.
Underwriting may take longer and require additional documentation.
Sign your documents and get funded!
Review final terms, pay closing costs, set aside 3-12 months of reserves, and receive funding at closing.
See if you qualify
Get a fit check by answering a few questions about your income and goals.
Review your best loan options with no commitment required.
Verify income & assets
Provide alternative income documents like bank statements or 1099s.
Verify income and assets and upload required documents.
Move through underwriting
A closer look before final approval considers your unique financial profile.
Underwriting may take longer and require additional documentation.
Close on your loan
Sign your documents and get funded!
Review final terms, pay closing costs, set aside 3-12 months of reserves, and receive funding at closing.
The ins & outs of Non-QM loans
Key benefits
Income beyond the W-2
You can use bank statements, 1099s, or certain assets to prove your income.
Room for higher DTI
Works for borrowers with higher debt-to-income ratio than standard loans allow.
Built for self-starters
Designed for self-employed earners and those with variable income.
Flexible credit requirements
Accepts a broader range of credit profiles.
What's required
Rates worth comparing
Non-QM rates can run a bit higher than conventional loans.
More money down
May require more cash up front compared to conventional loans.
Reserves required
Be prepared to show a few months of payments in the bank after closing.
A thorough review
An underwriting process that typically requires more time to get the full picture.
Explore, compare, find the right fit
Best for
How you qualify
Who can use it?
Loan limit
Non-QM loan
Non-QM loan
Best for
Buyers with non-traditional incomes
How you qualify
Alt income docs (bank statements, 1099s)
Who can use it?
Self-employed, gig workers, unique incomes
Loan limit
$125,000–$3,500,000 (single-family homes)
Best for
Real estate investors using rental income
How you qualify
Loan based on property cash flow
Who can use it?
Investors purchasing or refinancing rentals
Loan limit
$100,000–$3,500,000 (based on property)
DSCR loan
DSCR loan
Best for
Buyers with non-traditional incomes
How you qualify
Alt income docs (bank statements, 1099s)
Who can use it?
Self-employed, gig workers, unique incomes
Loan limit
$125,000–$3,500,000 (single-family homes)
Best for
Real estate investors using rental income
How you qualify
Loan based on property cash flow
Who can use it?
Investors purchasing or refinancing rentals
Loan limit
$100,000–$3,500,000 (based on property)
Non-QM loan
DSCR loan
Best for
Buyers with non-traditional incomes
Real estate investors using rental income
How you qualify
Alt income docs (bank statements, 1099s)
Loan based on property cash flow
Who can use it?
Self-employed, gig workers, unique incomes
Investors purchasing or refinancing rentals
Loan limit
$125,000–$3,500,000 (single-family homes)
$100,000–$3,500,000 (based on property)