Non-QM and Alternative Mortgage Options
Flexible Home Loans for Unique Financial Needs
Financing Solutions for Unique Borrowers
Not all borrowers meet standard mortgage guidelines. Non-QM programs create opportunities for self-employed individuals, investors, and others with non-traditional income.
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Bank Statement Loans
Qualify without traditional tax returns.
Investor Solutions
Programs tailored to property investors.
Flexible Qualification
Designed for unique financial situations.
Who Should Consider Non-QM or Alternative Loans?
Mortgage interest is the fee a lender charges for lending you money to buy a home. Calculated as a percentage of the loan balance, this interest is typically paid monthly as part of your mortgage payment. Over time, the amount of interest you pay can add up, especially with long-term loans like the common 30-year fixed-rate mortgage.
- Self-Employed Borrowers: Ideal for those with fluctuating or irregular income who may not have standard W-2s or pay stubs.
- Real Estate Investors: Loans tailored to rental properties or multiple investment homes.
- Foreign Nationals: Buyers without a U.S. credit history looking to invest in U.S. property..
- Credit-Challenged Borrowers: Those with lower credit scores, recent bankruptcies, or foreclosures.
- High Net-Worth Individuals: Borrowers with significant assets but unconventional income structures.For rural homebuyers with low-interest options.
Why Choose Non-QM or Alternative Loans?
Mortgage interest is the fee a lender charges for lending you money to buy a home.Â
- Flexible Income Verification: Qualify with bank statements, assets, or rental income instead of traditional W-2s.
- No Waiting Periods After Credit Events:Loans available soon after bankruptcy, foreclosure, or other credit challenges.
- Higher Loan Limits: Ideal for jumbo loans or luxury home purchases.
- Investment Property Friendly: Loans specifically for rental properties or fix-and-flip projects.
- Custom Loan Terms: Options for interest-only payments, adjustable-rate mortgages (ARMs), or non-conforming loans.
How to Secure a Non-QM or Alternative Mortgage
Stay informed about the latest mortgage rates and make confident financial decisions. Compare today’s best mortgage options, including Fixed, Adjustable, FHA, and VA loans, all in one convenient place. Use our up-to-date mortgage rate tool to explore the current market trends and take the first step toward securing your dream home.
- Consultation: Meet with a mortgage specialist to discuss your unique financial situation and loan options.
- CSubmit Alternative Documentation:Provide documentation such as bank statements, proof of assets, or rental income as required by the loan type.
- Asset-Based Loans: Qualify based on liquid assets rather than traditional income streams.
- Loan Comparison:Work with your broker to compare rates and terms from various lenders offering Non-QM or alternative loans..
- Closing: Finalize your loan, sign the paperwork, and take ownership of your new home or investment property.
Non-QM Loans vs. Traditional Mortgages: What’s the Difference?
Mortgage interest is the fee a lender charges for lending you money to buy a home.Â
- Income Verification: Non-QM loans allow for flexible documentation, whereas traditional loans require W-2s and tax returns.
- Credit Flexibility: Non-QM loans accommodate lower credit scores and recent credit challenges, unlike traditional loans that have stricter requirements..
- Down Payments: Non-QM loans often require higher down payments, but offer more flexible loan terms.
- Investment Options: Non-QM loans offer unique solutions for real estate investors, while traditional loans may have more restrictions on rental properties.
- Closing:Finalize your loan, sign the paperwork, and take ownership of your new home or investment property.
Today's Mortgage Rates
Find the Right Mortgage Rate
Stay informed about the latest mortgage rates and make confident financial decisions. Compare today’s best mortgage options, including Fixed, Adjustable, FHA, and VA loans, all in one convenient place. Use our up-to-date mortgage rate tool to explore the current market trends and take the first step toward securing your dream home.
Today's Best Mortgage Rates
Loan Type | Interest Rate | APR |
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Fixed Rate (30-Year) | Loading... | Loading... |
Fixed Rate (15-Year) | Loading... | Loading... |
Adjustable Rate (ARM) | Loading... | Loading... |
FHA Loan | Loading... | Loading... |
VA Loan | Loading... | Loading... |
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Frequently Asked Questions
Non-QM loans are ideal for self-employed borrowers, investors, those with unique income sources, or anyone who doesn’t fit the standard “qualified mortgage” mold. Non-QM and Alternative Mortgage Options
Self-employed, investors, or borrowers with unique financial profiles.
They allow qualification using business or personal bank statements instead of tax returns.
Yes, many are designed for real estate investors.