Non-Qualified Mortgage (Non-QM) Loans

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DSCR Loans

Debt Service Coverage Ratio (DSCR) loans are designed for investment properties. Qualification focuses on the property’s rental income compared to its expenses rather than the borrower’s personal income.

1099 Loans

1099 loans are designed for borrowers who receive income reported on IRS Form 1099. Income may be evaluated using alternative documentation instead of traditional pay stubs.

Self-Employed Loans

These loans are designed for business owners or independent contractors whose income may not be reflected through traditional employment documentation. Bank statements or other approved records may be used to assess income.

2-1 Buydown

A 2-1 buydown is a loan structure that provides a temporary interest rate reduction during the first two years of the loan before adjusting to the permanent rate.

ITIN Loans

ITIN loans are designed for borrowers who file taxes using an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number. Qualification is based on program-specific guidelines and documentation.

Foreign National Loans

Foreign national loans are designed for non-U.S. residents seeking to purchase property in the United States. These programs typically rely on foreign income documentation and alternative credit evaluation methods.

Important Considerations

Non-QM loans may differ from traditional loans in terms of:

• Documentation requirements 
• Loan structure 
• Qualification criteria 

All Non-QM loans are subject to underwriting approval and program guidelines.

Additional Non-QM Options

Other Non-QM programs may be available depending on borrower profile, property type, and market conditions. A loan officer can review available options based on your specific scenario.

** All loan programs are subject to eligibility, underwriting approval, and program guidelines. Not all borrowers will qualify. Loan terms and availability may vary. **