So what exactly is Non-QM?
It shouldn’t be complicated to finance a home! Non-QM stands for Non-Qualifying Mortgage. These are solutions for scenarios that don’t quite fit the guidelines for conventional financing. We have common sense solutions for self-employed borrowers and those with non-traditional income. Qualification focuses on the borrower’s ability to repay based on common sense underwriting, and perfect credit is not required.
Qualifying Options Include:
Bank Statement
Qualify based on analysis of bank deposits rather than traditional income documentation. No tax returns required. Business or personal bank statements are permitted.
Asset Qualifier
Eligibility is based on liquid assets in a savings or securities account. No need for tax returns or traditional income documentation.
Investor Cashflow
Created specifically for investors, qualification is based on the income to be generated by the subject property. It’s no longer necessary to have large amounts of cash on hand to build a real estate portfolio.
1099 Only
borrowers that receives compensation in the form of commission or independent contractor basis and receive IRS form 1099 at year-end.
Your Loan. Your Way.
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We understand if you want to test the waters before making a full application with a hard credit pull. Use our 2 minute pre-qualification to determine if you are mortgage ready. No impact on your credit score.
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