Non-QM Loans

NON-QM LOAN TYPES

Bank Statement Loans, DSCR Loans, and other alternative documentation or Non-QM financing options may be available depending on borrower needs, property type, and program requirements.

SPECIFICS

Loan amounts, documentation requirements, and available program structures vary by loan program, property, and borrower qualifications.

DOWN PAYMENT REQUIREMENTS

Down payment requirements vary based on the selected Non-QM program, occupancy type, property, and borrower qualifications. Eligible gift funds may be permitted under certain programs when applicable guidelines are met.

PRIOR CREDIT EVENT WAITING PERIODS

Borrowers with a prior bankruptcy, foreclosure, short sale, or other significant credit event may still be eligible for certain Non-QM programs.

Applicable waiting periods vary by program, type of credit event, borrower circumstances, and lender or investor guidelines. Some programs may consider shorter waiting periods when applicable requirements are met.

CREDIT REQUIREMENTS

Credit score and credit history requirements vary by Non-QM program and borrower qualifications.

DEBT-TO-INCOME RATIOS / RATE OPTIONS

Debt-to-income requirements vary by loan program and underwriting method.

Fixed-rate and adjustable-rate options may be available depending on the program and borrower qualifications.

MORTGAGE INSURANCE

Mortgage insurance requirements vary by loan program, loan-to-value ratio, property type, and lender or investor guidelines.

IMPORTANT INFORMATION

Non-QM loans are subject to applicable underwriting and ability-to-repay requirements. Rates, fees, loan amounts, documentation standards, eligibility requirements, and program availability vary and are subject to change.