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Non-Qualified Mortgage Lenders

Non-qualified mortgage lenders are solutions based for individuals who don’t meet traditional lending criteria. Business owners and W2 commission-based professionals often face challenges when applying for standard mortgages due to fluctuating income or complex financial situations. Non-QM loans bridge this gap, providing accessible options tailored to unique borrower profiles.

For self-employed individuals and commission earners, non-qualified mortgages offer alternative documentation methods, such as bank statements or asset-based income verification. This flexibility simplifies the financing process, bypassing the rigid constraints of conventional loan programs. With Non-QM lending, homeownership is more attainable than ever.

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Non-Qualified Mortgages & Self-Employed Borrowers​

Non-QM mortgages are designed for self-employed individuals who may not qualify under traditional agency guidelines. Lenders like Fannie Mae, Freddie Mac, FHA, and VA have strict underwriting criteria that often make it difficult for self-employed borrowers to secure financing. Non-QM loans address this gap by offering alternative documentation programs, providing greater opportunities for self-employed Americans to achieve homeownership.

Non-Prime Lenders and Loans​

Flexibility is key to success. All of these loan programs are manually underwritten on an individual basis, and in depth if necessary.

Primarily designed for self-employed borrowers (owning more than 25% of a company) and 100% commission or W-2 wage earners, these programs also benefit those with a debt-to-income ratio exceeding 43%. Additionally, borrowers with less than two years of employment history—requiring only 12 months of verification instead of the traditional two years—may still qualify. Some lenders even accept a verbal verification of employment (VVOE) for approval.

Also, reduced credit scores, reduced seasoning on major “credit events” such as bankruptcy, foreclosure, short sale, and loan modification, these non qualified programs are also called non-prime, a subcategory of non QM product.

Also available is the interest only payment feature (monthly payment option to pay only the interest due for that particular month). Real estate investors that have up to 20 finance properties and their real estate investment portfolio are included.

These alternative income documentation programs include asset based and asset depletion as a standalone income source or in conjunction with bank statements (cash flow), business or personal bank account(s), to illustrate a borrower’s ability to repay. Mortgage lenders will also accept “borrower prepared” and “unaudited” P&L statements.

Non-Qualified Mortgages

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