A Non-QM (Non-Qualified Mortgage) loan is designed for borrowers who don’t fit traditional lending guidelines. These loans allow alternative ways to verify income, making them ideal for self-employed individuals, business owners, and independent contractors.
Perfect for borrowers who use bank statements instead of tax returns to verify income.
Works well for freelancers, commission-based earners, and investors with complex income.
Qualify using bank statements instead of W-2s or tax returns.
Designed for borrowers who may not qualify for conventional or government loans.
Typically 12–24 months of personal or business bank statements are used.
Credit score, down payment, and reserves vary by program and borrower profile.
No. Many Non-QM programs use bank statements instead of tax returns.
They are most common for self-employed borrowers, but other non-traditional income earners may qualify.
Rates may be slightly higher due to flexible guidelines, but they provide valuable access to financing.
