Non-QM LOAN

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Non-QM (Non-Qualified Mortgage) loans are flexible mortgage options designed for borrowers who don’t meet the strict criteria of traditional qualified mortgages. These loans cater to self-employed individuals, investors, and those with unique financial situations by offering alternative qualification methods.

-Bank Statement Loans
Ideal For: Self-employed borrowers or those with inconsistent income.
Key Features:

• Qualification based on 12-24 months of personal or business bank statements.
• No need for traditional W-2s or tax returns.
• Down payments as low as 10%.

-Investor Cash Flow Loans (DSCR)
Ideal For: Investors only.
Key Features:

• Qualification based on the property’s cash flow (rental income).
• No income verification required.
• Mortgage payment must be equal to or less than potential rental income.
• Minimum 15% down payment.

-P&L (Profit & Loss) Loans
Ideal For: Self-employed borrowers without access to traditional documentation.
Key Features:

• Requires a CPA-certified Profit & Loss statement.
• No bank statements or tax returns needed.
• Minimum 20% down payment.

-Asset Depletion Loans
Ideal For: High-net-worth individuals.
Key Features:

• Qualification based on liquid assets, such as checking, savings, and investments.
• Allows borrowers to leverage their own assets for loan approval.
• Minimum 20% down payment.

• Flexible Documentation: Qualification through bank statements, asset depletion, DSCR, or P&L statements.
• Customizable Terms: Fixed or adjustable-rate options with flexible repayment periods.
• Higher Loan Limits: Available for high-value properties.
• Versatile Usage: Can be used for primary homes, secondary residences, or investment properties (DSCR loans exclusively for investors).
• No Waiting Period: Shorter timelines after major credit events compared to traditional loans.

• Accessibility: Designed for borrowers who don’t meet traditional loan criteria.
• Tailored Solutions: Offers personalized options based on unique financial profiles.
• Faster Approval: Simplified qualification process.
• Lower Down Payment Options: Down payments as low as 10% (program-specific).

• Self-employed individuals or small business owners without W-2s or tax returns.
• Investors seeking property financing through DSCR loans.
• Borrowers with unique financial circumstances, such as high-net-worth individuals or those with recent credit events.
• Buyers of primary, secondary, or investment properties.

Non-QM loans empower borrowers with non-traditional financial profiles to achieve their homeownership or investment goals through tailored, flexible options.