Non-QM Loans

1. The Self-Employed Workforce is Booming: About 10% of the workforce are self-employed and many of these individuals earn healthy incomes, but their tax returns often don't tell the full story due to deductions and business expenses. Since traditional mortgages depend on W-2s and tax documentation, these borrowers frequently face hurdles when trying to qualify. Non-QM loans allow them to use bank statements or other income documentation to show their true earnings.

2. The Economy is Reshaping Borrower Profiles: Over 70.4 million people in the U.S. are working in freelance or contract roles. These gig workers often have multiple income streams and non-traditional pay structures, which don't fit neatly into conventional underwriting models. Non-QM programs cater to this growing segment, offering qualification paths through alternative documents like P&L statements and bank statements, instead of standard pay stubs. 

3. Real Estate Investors Need Flexible Financing: More than 70% of rental properties in the U.S. are owned by individual investors, many of whom don't qualify for conventional loans. Because these investors typically deduct expenses to minimize taxable income, their financials on paper can appear misleading. Non-QM loans offer tailored solutions for this segment, such as DSCR 0Debt Service Coverage Ratio) loans, which focus on property cash flow rather than personal income.

How We Help Close More Loans

We make it easy for you with our full suite of Non-QM loan programs. We work with many lenders who offer flexible qualification options, fast approvals, and industry-leading funding times give the tools to fund more deals. 

DSCR Loans

Debt Service Coverage Ration allows investors qualify based on rental income, without requiring tax returns or personal income verification. There's no limit to the number of properties an investor can own, and financing is available for up to 10 properties per investor. With interest-only payment options and loan amounts up to $3 million, DSCR loans make it easier for investors to qualify.

Bank Statement Loans

Being Self Employed can be challenging qualifying with traditional documentation, but not with a Bank Statement loan program. A borrower can qualify using 12 or 24 month bank statements, no tax returns required. Business and personal bank statements are accepted, and P&L statements are not needed. With loan amounts up to $3 million and LTVs up to 90%. 

Asset Depletion Loans

For borrowers with strong assets but little to no steady income, Asset Depletion/Asset Qualifier program provides an alternative to traditional income verification. Instead of relying on tax returns, we calculate qualifying income based on liquid assets. This can cater to retirees, entrepreneurs, and high-net-worth borrowers.

Jumbo Loans

Borrowers who need high-value financing, a jumbo loan program offers loan amounts up to $3 million, with LTVs as high as 90%. Borrowers can choose from fixed-rate or adjustable-rate options, including a 40-year term with a 10-year interest-only period. Cash-out refinancing is available, with up to $1 million in equity access.

Boost Bridge Loans

This program offers an edge by helping borrowers secure a new home before selling their current one. With no monthly payments for up to 12 months, borrowers don't have to rush into selling their property. Unlike traditional bridge loans, BOOST won't impact the borrower's DTI on their new mortgage, making it easier for them to qualify. Available for primary residences with LTVs up to 75%, this program gives a borrower a powerful solution for homebuyers in transition. 

Fix And Flip Loans

For real estate investors looking to buy, renovate, and resell properties, Fix and Flip loan program offers fast approvals and flexible financing. Loan amounts cover up to 85% of the purchase price and 100% of renovation costs, with 12-month interest-only terms. This program is available for single-family and multi-family properties up to four units, making it a great way for both first-time and experienced investors.

Conclusion

Non-QM lending is growing fast, creating a big opportunity for more borrowers that need alternative mortgage solutions.

Are you ready to benefit from a common-sense approach to lending? Contact us today to learn more about Non-QM loans and how we help fund your next deal.