Non-QM Alt Doc Bank Statement Loans to $15,000,000

1099 Only Alt Doc also available for one and tw0 years indpendent contractors/Sole Proprieter.

Non-QM loans are not subject to strigent guidelines and government regulation, rather they fall under what is called an Ability to Repay Rule (ATR). We have a plethora of the best QM and Non-QM lenders and loan programs for this very reason, to accommodate individuals by matching them with the best possible loan programs to suite their specific needs.

Qualified Mortgages (QM) and Non-Qualified (Non-QM)

So, at the end of the day, a rule as a whole cannot be quantified like specific government requirements. All loans are manually underwritten affording us the ability to apply intelligent underwriting decisions. Lender parameters are designed to help Loan Officers by providing sensible approvals for their borrowers that may otherwise struggle to find the right loan for their particular credit profile. Self-employed and business professionals often have complex financial requirements making alternative loan programs a necessity to gainful, advantageous mortgage credit. These types of borrowers often have strengths within their total credit profile such as exceptional credit scores, significant liquid reserves, strong equity position, etc.


  • Purpose: Purchase, R/T and Cash Out
  • Maximum Loan Amount - $15,000,000
  • Cash Out to $10,000,000

Credit Scores and Credit Criteria

  • Minimum Credit Score - 600


  • Income - Bank Statements or 1099's
  • Employment - CPA Letter

Reserve Requirements

  • 6 Months + 6 months for each additional property financed


  • Owner-Occupied
  • Investment
  • Second Home

Available Terms: such as 5, 7, and 10 year ARM's. 125, 20, 30, and 40 years fixed rate with Interest-Only options included. Pre-payment penalties available on Non-Owner/Investment Property loans.

Eligible Property Types

  • SFR
  • 1-2 Units
  • 1-4 Units
  • Gift Money and seller concessions - OK

Income Documentation - None | No Ratio

Reserves - 6 Months (not including Cash Out Refinance)

This Alt Doc loan program is for buyers that have extraordinary or unconventional income and documentation including self-employed borrowers and fixed income along with previous credit challenges due to inconsistent employment, foreclosure, bankruptcy, short sale, divorce, and or health issues. This loan program is specifically designed to bridge the gap and resolve the problem that prevents good borrowers from obtaining mortgage credit. Manual underwriting through intelligent guidelines brings forth opportunity of home ownership to borrowers of all kinds

Minimum Mortgage Credit Score - 620

Loan Purpose

  • Purchase
  • Rate/Term Refinance
  • Cash Out Refinance


  • 75% Maximum for Purchase and Rate and Term
  • Cash Out to 70% LTV


  • Owner-Occupied
  • Vacation Homes

Available Terms

  • ARM's - 3 Year, 5 Year
  • Fixed - 15 Year, 20 Year, and 30 Year
  • Interest-Only Available
  • Gift Funds - OK
  • Non-Occupant Co-Borrower - OK


Loan Scenario Form - Credit Check Not Required


Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin