A non-qualified mortgage (Non-QM) is a home loan designed to help homebuyers who can't meet the strict criteria of a qualifying mortgage. These loans are structured to accommodate self-employed borrowers and wage earners who want to purchase or refinance based on current circumstances to obtain financing now.

If you are self-employed or don't have all the necessary documentation to qualify for a traditional mortgage, you might need to look at non-qualified mortgages.

Program Highlights

  • Vast varieties of loan programs
  • No income - Investment loans
  • Bank Statement Loans - deposits used as qualifying income
  • 15% Minimum down payment in most cases
  • No Premium Mortgage Insurance (PMI) in some cases
  • Rental income may be used as a part of qualifying income