Flexible Qualification Criteria: Ideal for borrowers who don’t fit traditional mortgage guidelines, such as self-employed individuals, investors, or those with complex financial situations.
Alternative Income Verification: Uses alternative documentation, like bank statements, rental income, or assets, instead of tax returns or W-2s, making it easier for those with fluctuating or non-traditional income.
No Strict DTI Requirements: Debt-to-income (DTI) ratio requirements are more flexible compared to conventional loans, allowing for easier qualification.
Higher Loan Limits: Offers larger loan amounts for borrowers who need financing beyond the limits of conventional mortgages.
Lower Credit Score Requirements: Accessible for borrowers with lower credit scores or those recovering from recent credit events like bankruptcy or foreclosure.
Investment Property Options: Non-QM loans are a great choice for real estate investors who may own multiple properties or need loans based on rental income potential.
Interest-Only Payment Options: Some Non-QM loans offer interest-only payment options, providing flexibility in monthly payments, especially for investors.
Available for Primary, Second Homes, or Investment Properties: Non-QM loans offer flexibility for a range of property types, including primary residences, vacation homes, and rental properties.
