Loan programs
For borrowers whose income is real but whose tax returns understate it.
Non-QM stands for non-qualified mortgage — loans that sit outside the strict agency box, priced and held by portfolio investors instead of Fannie and Freddie.
It exists because the agency definition of income was written for salaried employees. A business owner who writes off expenses on purpose, a landlord with a dozen doors, a retiree living on assets — all can afford the payment and none of them fit the form.
How it works
Deposits, a P&L, an employer letter, rents, or a balance sheet — one of them will fit.
Five doors into the same house; we take the one that prices best for your profile.
Non-QM underwriting is human, not automated, so documents matter more than a score.
Questions
No. Subprime meant weak credit and no verification. Non-QM verifies income thoroughly — just by a method other than tax returns — and the borrowers are usually well capitalised.
Typically 0.75% to 1.75% above a comparable conventional rate, depending on documentation type, LTV, and credit.
Often yes, once two years of returns show the income. We flag that at closing and set a review date.
Guidelines shown are typical for this programme and are not a commitment to lend. Overlays vary by investor and change without notice; your file is priced and approved on its own facts.
Three minutes of questions and you'll see whether this programme fits — no credit pull.
