Alternative documentation (Non-QM) Mortgage Products

Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who may not meet traditional lending criteria but are still creditworthy. These products provide flexible qualification options for individuals with unique financial situations. Below, you’ll find an overview of the key Non-QM products we offer and their specific requirements.

1. Bank Statement Loans

Ideal for self-employed individuals or business owners who do not report all income on their tax returns.

Eligibility: Self-employed borrowers with at least two years in business.
Income Verification: 12 or 24 months of personal or business bank statements.
Loan Amount: Up to $5 million.
Credit Score: Minimum 620.
LTV (Loan-to-Value): Up to 90%.
Key Benefit: No tax returns required.

2. Profit & Loss (P&L) Loans

For business owners who prefer to qualify using their company’s profit and loss statements.

Eligibility: Business owners with two years of operation.
Income Verification: Year-to-date and previous year’s P&L statements prepared by a CPA or licensed tax professional.
Loan Amount: Up to $3 million.
Credit Score: Minimum 660.
LTV: Up to 85%.
Key Benefit: Simplified income documentation.

3. 1099-Only Loans

A tailored solution for independent contractors and freelancers who receive 1099 income.

Eligibility: Borrowers with consistent 1099 income for at least two years.
Income Verification: Most recent two years of 1099s and a year-to-date earnings statement.
Loan Amount: Up to $2.5 million.
Credit Score: Minimum 640.
LTV: Up to 85%.
Key Benefit: No tax returns or W-2s required.

4. Debt-Service Coverage Ratio (DSCR) Loans

Perfect for real estate investors looking to qualify based on property cash flow rather than personal income.

Eligibility: Investors purchasing or refinancing income-generating properties.
Income Verification: Rental income must cover the PITI (principal, interest, taxes, insurance) of the property (minimum DSCR of 1.0-1.25 depending on program).
Loan Amount: Up to $5 million.
Credit Score: Minimum 620.
LTV: Up to 80%.
Key Benefit: No personal income or employment verification.

6. Foreign National Loans

For non-resident borrowers looking to invest in U.S. real estate.

Eligibility: Foreign nationals with valid identification and a U.S. bank account.
Income Verification: Flexible income documentation options.
Loan Amount: Up to $3 million.
Credit Score: Not required, but alternative credit references may be used.
LTV: Up to 70%.
Key Benefit: Simplified requirements for non-resident borrowers.

Why Choose Our Non-QM Loans?

Flexibility: Tailored solutions for diverse financial scenarios.
Speed: Streamlined approval processes.
Expertise: Guidance from experienced professionals who understand complex financial profiles.

Ready to Learn More? Contact our team today to explore your options and find the Non-QM loan that suits your needs. We’re here to guide you every step of the way!