Non-QM Loans

About Program

Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t meet traditional lending guidelines but still have the ability to repay. These flexible programs allow for bank statements, asset depletion, 1099s, P&L statements, or other alternative income documentation — with options for primary, second homes, or investment properties.

Key features

Alt-doc options available
Full doc or alternative income accepted
Self-employed & investor friendly
Interest-only options available
No DU/ LP approval needed

10% minimum down
Max 80% LTV
Primary SFR only
700+ FICO
43% max DTI
No secondary financing or gift funds
One borrower must have permanent residency
Series 1: Bank Statement

Primary, second home, and investment properties are eligible
No agency or QM restrictions
No mortgage insurance required
Flexible DTI and credit event seasoning

Requiere to Disclose

Required to Underwrite

(in addition to above)

FAQ

How much down payment assistance can my clients receive?

With the DPA Program, your clients can access up to 50% of the required down payment on non-QM loans. This benefit allows you to structure deals with lower upfront costs, up to 20% lower monthly payments, and the ability for your clients to buy up to 25% more home without stretching their budget.

Which clients are eligible for the DPA Program?

The program is designed for borrowers with a minimum 700 FICO score, financing up to 80% LTV on primary residence single-family homes. You can submit either bank statement or full documentation loans, with a maximum 43% DTI, and it’s available nationwide, giving you broad flexibility to place loans.

How does the repayment work for my clients?

There’s no repayment required unless the property is sold or refinanced. With no lien and no secondary financing or gift funds needed, you can present a simple, competitive option that enhances your borrowers’ purchasing power and differentiates your offerings.