If you've been turned down because you're self-employed, have irregular income, or don't fit a W-2 box — Non-QM loans were built for exactly that situation.
Non-QM doesn't mean non-qualified. It means the standard rulebook doesn't fit your situation — and that's more common than you think.
Your tax returns show low income after write-offs — but your bank statements tell the real story. We use 12–24 months of deposits to qualify you.
DSCR loans qualify based on the property's rental income — not your personal income. Buy more doors without personal income limits getting in the way.
Large asset balances but limited monthly income? Asset depletion loans let your savings and investments qualify as income.
Commissions, bonuses, RSUs, K-1s, multiple businesses — if your income doesn't fit a single pay stub, Non-QM handles complexity that conventional can't.
No U.S. credit history or Social Security number? Foreign national loans let international buyers purchase property in the U.S. using foreign income docs.
Bankruptcy, foreclosure, or short sale in your past? Some Non-QM programs start accepting applicants just 1 day out of a major credit event.
Each program uses a different income or qualification method. Click any to see the details.
Instead of tax returns, we use 12 or 24 months of personal or business bank statements to calculate your qualifying income. Your write-offs reduce your tax bill — they shouldn't cost you your home loan. We average your deposits and apply an expense ratio to determine your true income.
DSCR loans qualify based entirely on the rental income of the property — not your personal income. If the rent covers the mortgage (typically at a 1.0–1.25x ratio), you can qualify. No personal income docs, no tax returns, no employment verification needed. Perfect for scaling a rental portfolio.
Your assets — retirement accounts, investment portfolios, savings — are divided over a loan term to calculate a monthly "income." If you have $1.5M in assets, that could qualify as $4,000/month in income over 30 years. No job required, no income documents needed.
Individual Taxpayer Identification Number (ITIN) loans allow borrowers who file U.S. taxes with an ITIN — but don't have a Social Security number — to purchase a home. These programs use alternative credit history including rent payments, utility bills, and foreign credit records.
If you're a business owner whose accountant prepares a Profit & Loss statement, some lenders will accept a CPA-prepared 12–24 month P&L in place of bank statements or tax returns. This is especially useful for newer businesses that don't yet have 12+ months of bank history.
Here's how they actually compare — so you know exactly what you're working with.
| Factor | Non-QM | Conventional |
|---|---|---|
| Income verification | Bank stmts, assets, DSCR, P&L | W-2s and tax returns required |
| Self-employment | 2 years not required | 2 years self-employment history |
| Credit score | From 580 (program dependent) | 620+ typically required |
| Loan limits | Up to $3M+ depending on program | $766,550 (standard conforming) |
| Recent credit events | 1 day out of bankruptcy (some programs) | 2–7 year waiting periods |
| DTI ratio | Up to 55–60% | 43–50% typically |
| Interest rate | Slightly higher (0.5–1.5% above conventional) | Lowest market rates |
| Investor properties | DSCR — no income docs needed | Personal income required |
Simpler than you'd expect. Most clients go from conversation to preapproval in 48–72 hours.
A quick conversation about your income type, property goal, and timeline. No forms yet.
We pull from 90+ wholesale lenders to find the program that fits — not the one that's easiest for us.
No hard pull on your credit until you're ready to proceed. You'll see your rate range and options first.
We guide you through docs, appraisal, and closing. Most Non-QM loans close in 21–35 days.
Real answers — no jargon.
No hard credit pull. No commitment. Just a straight answer about what you qualify for.
Wholesale access to Non-QM specialists — not just your local bank's one product.
DSCR, asset depletion, bank statements — we find the income method that works for you.
We map your exit strategy so you know exactly when you can move to a conventional loan.