Non-QM Loans: When Traditional Mortgages Say No, Non-QM Says Yes

When Sarah walked into National Mortgage Home Loans, she was visibly frustrated.

"I own three successful Airbnb properties that generate $12,000 a month. I have $150,000 in my business account. My credit score is 720. I want to buy a $400,000 home as my primary residence, and I can put 20% down—$80,000 cash.

"I've talked to four different lenders. Every single one told me the same thing: 'Your income doesn't qualify because it's mostly from short-term rentals, which we can't use. Your bank statements show deposits, but they're not from W-2 employment, so we can't verify your income. You need two years of tax returns showing this income consistently.'

"I've only been running these Airbnbs for 18 months, so I don't have two full years of tax returns yet. But I'm making more money now than most people with W-2 jobs who qualify easily for mortgages.

"How is it possible that I can't buy a house when I'm generating six figures in income and have substantial savings? This doesn't make any sense."

Sarah's situation makes perfect sense once you understand one thing: she doesn't fit into the "Qualified Mortgage" box that traditional lenders require.

But that doesn't mean she can't get a mortgage.

It means she needs a Non-QM loan.

Let me explain what Non-QM loans are, who they're designed for, how they work, what they cost, and why they exist—because once you understand Non-QM, you'll realize that millions of financially successful people who don't fit traditional lending boxes can still become homeowners.

What Is a Non-QM Loan?

QM = Qualified Mortgage

After the 2008 housing crisis, the government created strict rules for what constitutes a "Qualified Mortgage"—a loan that meets specific standards designed to prevent another crisis.

Qualified Mortgages require:

• Full income documentation (W-2s, tax returns, pay stubs)
• Debt-to-income ratio below 43% (with some exceptions to 50%)
• No negative amortization
• No interest-only periods beyond certain limits
• Maximum loan term of 30 years
• Points and fees below certain thresholds
• Verification of borrower's ability to repay using very specific methods

Most mortgages you hear about—conventional loans, FHA, VA, USDA—are all Qualified Mortgages. They follow these strict rules.

Non-QM = Non-Qualified Mortgage

Non-QM loans are mortgages that don't meet the QM standards, but are still legitimate, legal, and responsible loans for borrowers who don't fit the QM box.

Non-QM loans might:

• Use alternative income documentation (bank statements instead of W-2s)
• Allow higher debt-to-income ratios (50-55%+)
• Offer interest-only payment options
• Use asset-based qualification (you have $2M in assets, so you can afford the payment)
• Allow for unique employment situations (gig economy, self-employed, commission-based)

Critical distinction: Non-QM does NOT mean "subprime" or "predatory."

During the housing crisis, there were loans called "subprime" that were genuinely predatory—no documentation, stated income fraud, negative amortization traps like Patricia's payment option ARM from our previous blog.

Those loans were disasters, and they're mostly gone (or heavily regulated).

Non-QM loans are different. They're for creditworthy borrowers with non-traditional income or situations who simply don't fit into the rigid QM box.

Sarah isn't a risky borrower—she's a successful entrepreneur. She just doesn't have W-2s.

Why Non-QM Loans Exist: The Gap in Traditional Lending

Traditional mortgage guidelines were designed around a 1950s-1990s economy where most people:

• Had W-2 employment at one company for years
• Received steady paychecks with predictable income
• Filed simple tax returns
• Worked traditional 9-5 jobs

That economy doesn't exist anymore.

Today's economy includes:

• Gig workers (Uber, DoorDash, freelance)
• Self-employed entrepreneurs
• Commission-based salespeople
• Airbnb/VRBO operators
• Cryptocurrency investors
• Real estate investors with complex portfolios
• Retirees living off assets, not paychecks
• Foreign nationals working in the U.S.
• Small business owners who write off substantial expenses

These people are often financially successful—sometimes more successful than traditional W-2 employees—but they don't fit traditional lending boxes.

Non-QM loans fill this gap.

They use common sense underwriting instead of rigid government guidelines to evaluate whether a borrower can actually afford a mortgage.

Types of Non-QM Loan Programs

Non-QM is an umbrella term covering many different programs. Here are the most common:

1. Bank Statement Loans

How it works:

• Lender reviews 12-24 months of personal or business bank statements
• Lender analyzes deposits to calculate average monthly income
• Income is verified through cash flow, not tax returns or W-2s

Who it's for:

• Self-employed borrowers
• Business owners
• Freelancers and contractors
• Gig economy workers
• Anyone with inconsistent income documentation but consistent cash flow

Sarah's situation:

• Her Airbnb income deposits to her business account monthly
• Lender reviews 12-18 months of bank statements
• Average monthly deposits: $12,000
• Lender calculates her income as $144,000/year based on cash flow
• She qualifies for $400,000 home purchase

Bank statement loans saved Sarah's homeownership dream.

Typical requirements:

• 12-24 months of bank statements
• 10-20% down payment
• Credit score 620-680+ (varies by lender)
• Reserves: 6-12 months of mortgage payments

2. Asset-Based Qualification / Asset Depletion Loans

How it works:

• Lender qualifies you based on your liquid assets, not income
• Calculation: Total liquid assets ÷ 360 months (30 years) = Monthly "income"
• This "income" is used to qualify for the mortgage

Example:

• You have $1,800,000 in stocks, bonds, and retirement accounts
• $1,800,000 ÷ 360 = $5,000/month "income"
• You qualify for a mortgage as if you earn $5,000/month ($60,000/year)

Who it's for:

• Retirees with substantial assets but minimal income
• People who've sold businesses and have large lump sums
• Trust fund beneficiaries
• Investors living off portfolio returns
• Anyone asset-rich but income-poor on paper

Typical requirements:

• Substantial liquid assets ($500,000+ minimum, often $1M+)
• Assets must be in retirement accounts, stocks, bonds, savings (not real estate)
• 20-30% down payment
• Credit score 700+

3. P&L Only Loans (Profit & Loss Statement Loans)

How it works:

• Self-employed borrowers provide CPA-prepared Profit & Loss statement
• No tax returns required
• Income is verified through the P&L instead of tax returns

Who it's for:

• Self-employed borrowers who write off substantial expenses (so tax returns show low income)
• Business owners whose P&L shows strong profit before write-offs
• People who've been self-employed less than 2 years (don't have 2 years of tax returns)

Why this matters:

Remember Marcus from our DSCR blog? He showed $32,000 income on tax returns but actually made $120,000+ before write-offs.

A P&L only loan would use his $120,000 business profit (before tax deductions) to qualify him, even though his tax return shows $32,000.

Typical requirements:

• CPA-prepared P&L (can't be self-prepared)
• 12-24 months of business operation
• 15-20% down payment
• Credit score 680+

4. Interest-Only Non-QM Loans

How it works:

• You pay only interest for a set period (typically 10 years)
• After the interest-only period, loan converts to fully amortizing
• Lower initial payment, higher payment later

Who it's for:

• Borrowers expecting significant income increase (doctors finishing residency, attorneys starting at firms)
• Real estate investors managing cash flow
• Borrowers planning to sell or refinance before interest-only period ends
• People with irregular income (large bonuses, commissions)

Example:

• $400,000 loan at 7.5% interest
• Interest-only payment: $2,500/month (first 10 years)
• Fully amortizing payment: $3,111/month (years 11-30)

Warning: Interest-only loans are dangerous if misused. You must:

• Be confident you can afford the higher payment when it adjusts
• Have a concrete plan (not just hope) for income growth or refinancing
• Understand you're not building equity through payments during the interest-only period

At National Mortgage Home Loans, we carefully evaluate whether interest-only structures make sense for each borrower. For most people, they don't. For sophisticated borrowers with specific strategies, they can be useful.

5. Debt-to-Income (DTI) Flexibility Programs

How it works:

• Traditional QM loans cap DTI at 43-50%
• Some Non-QM programs allow DTI up to 55%+ with compensating factors

Who it's for:

• High-income earners with high debt (doctors with student loans, for example)
• Borrowers with substantial assets but high debt payments
• People with strong credit and payment history despite high DTI

Example:

• Doctor earning $300,000/year
• Student loan payments: $3,500/month
• Other debts: $2,000/month
• Proposed mortgage: $4,000/month
• Total debt: $9,500/month
• DTI: 38% (well within QM standards)

But now add:

• Second property mortgage: $2,500/month
• Total debt: $12,000/month
• DTI: 48% (still okay for QM)

But what if they want a third property?

• Third property mortgage: $3,000/month
• Total debt: $15,000/month
• DTI: 60% (too high for QM)

A Non-QM DTI flexibility program would look at:

• Strong income: $300,000/year
• Excellent credit: 780
• Substantial reserves: $200,000 in savings
• Payment history: Never late on anything
• Conclusion: Despite 60% DTI, this borrower can afford the mortgage

Traditional lenders reject this automatically. Non-QM lenders evaluate the full picture.

6. Foreign National Loans

How it works:

• Non-U.S. citizens can qualify for mortgages to buy U.S. property
• No U.S. credit history required
• No U.S. tax returns required
• No U.S. employment required

Who it's for:

• Foreign nationals investing in U.S. real estate
• People on work visas who don't have long U.S. credit history
• International business owners
• Foreign investors buying second homes in the U.S.

Typical requirements:

• Valid passport and visa (if applicable)
• Down payment: 30-40%+
• Proof of income from home country
• International credit report (if available)
• U.S. bank account with reserves

7. Fix-and-Flip / Short-Term Bridge Loans

How it works:

• Short-term loans (6-24 months) for investors buying, rehabbing, and selling properties
• Qualification based on property's after-repair value (ARV), not borrower income
• Higher rates but fast approval and flexible terms

Who it's for:

• House flippers
• Real estate investors doing rehab projects
• Developers doing ground-up construction

Note: These are technically different from traditional Non-QM (which are usually 30-year loans), but they fall under the non-QM umbrella because they don't meet QM standards.

Sarah's Journey: How Bank Statement Non-QM Saved Her

Let's walk through Sarah's actual loan process.

Sarah's Situation:

• Income: $12,000/month from three Airbnb properties (shown in bank statements)
• Time in business: 18 months (doesn't have 2 years of tax returns)
• Credit score: 720
• Down payment available: $80,000 (20%)
• Home price: $400,000
• Loan amount needed: $320,000

Traditional Lender Response: "We need two years of tax returns showing this Airbnb income. Since you've only been doing this for 18 months, you don't qualify. Come back in 6 months."

Non-QM Bank Statement Loan Solution:

Step 1: Bank Statement Analysis

• Sarah provided 18 months of business bank statements
• Lender reviewed all deposits
• Average monthly deposits: $12,340
• Annualized income: $148,080

Step 2: Expense Calculation Most bank statement lenders apply an "expense factor" to account for business costs:

• Personal bank statements: 0-15% expense factor (minimal business costs)
• Business bank statements: 25-50% expense factor (significant business costs)

Sarah's case (business account for Airbnbs):

• Gross deposits: $148,080
• Expense factor: 30% (conservative)
• Net qualifying income: $148,080 × 70% = $103,656/year ($8,638/month)

Step 3: DTI Calculation

• Monthly qualifying income: $8,638
• Proposed mortgage payment (PITI): $3,100
• Other debts: $650/month (car payment)
• Total monthly debt: $3,750
• DTI: $3,750 ÷ $8,638 = 43.4%

Perfect. Well within acceptable range.

Step 4: Approval

• Loan amount: $320,000
• Interest rate: 7.875% (about 1% higher than conventional)
• 30-year fixed
• Monthly payment: $2,369 (principal & interest)
• Total payment with taxes/insurance: $3,100
• Down payment: $80,000 (20%)
• Reserves required: $18,600 (6 months of payments)
• Sarah had $70,000 remaining after down payment—plenty of reserves

Result: Sarah bought her $400,000 home using a Non-QM bank statement loan, despite not having two years of tax returns. Her Airbnb income—which traditional lenders couldn't use—was verified through her bank statement cash flow.

What Non-QM Loans Cost

Non-QM loans cost more than traditional QM loans. That's the trade-off for flexibility.

Interest Rates:

Expect Non-QM rates to be 0.5-2.5% higher than conventional rates, depending on:

• Credit score
• Down payment
• Loan type
• Lender

Current market (late 2024/early 2025):

• Conventional 30-year fixed: 6.5-7.0%
• Non-QM bank statement loan: 7.5-8.5%
• Non-QM asset depletion: 7.75-9.0%
• Non-QM interest-only: 8.0-9.5%

Down Payment:

Non-QM loans typically require larger down payments:

• Conventional loans: 3-5% down (primary residence)
• Non-QM loans: 10-30% down, depending on program

More down payment = better rate and terms.

Closing Costs:

Similar to conventional loans:

• Origination fees: 0-2% of loan amount
• Appraisal, title, recording fees: Standard
• Total: 2-5% of loan amount typically

Prepayment Penalties:

Some Non-QM loans have prepayment penalties (fees if you refinance or pay off early within 1-5 years).

Always ask about prepayment penalties before signing. At National Mortgage Home Loans, we prefer programs without prepayment penalties so you maintain flexibility.

Is the Higher Rate Worth It? The Math

Let's analyze Sarah's situation:

Option 1: Wait 6 Months for Traditional Loan

If Sarah waits until she has 2 full years of tax returns:

• Home appreciates 4%/year: $400,000 → $408,000 (6 months later)
• She pays $8,000 more for the home
• She pays $7,200 more in rent (6 months × $1,200/month)
• Total cost of waiting: $15,200
• Plus she loses 6 months of building equity

Option 2: Buy Now with Non-QM

• Higher interest rate (7.875% vs 6.875%): Costs approximately $190/month more
• Over 30 years: $190 × 360 = $68,400 extra
• But she can refinance to conventional once she has 2 years of tax returns (likely in 6-12 months), dramatically reducing this cost

Realistic scenario:

• Sarah gets Non-QM now at 7.875%
• In 12 months, she refinances to conventional at 6.875%
• Extra interest paid: $190/month × 12 months = $2,280
• Cost of waiting: $15,200
• Savings by using Non-QM: $12,920

Plus she builds equity for a year instead of paying rent.

The Non-QM loan wins financially.

For most Non-QM borrowers, the higher rate is temporary. Once you establish the documentation traditional lenders need, you refinance to conventional and lock in the lower rate.

Non-QM is often a bridge, not a destination.

Non-QM Success Stories: Real People, Real Situations

Case 1: The Crypto Investor

Michael's situation:

• Bought Bitcoin in 2015 for $8,000
• Sold in 2021 for $1.2M
• Lives off investment returns and crypto trading
• Income on tax returns: $45,000 (minimal realized gains)
• Actual assets: $1.5M in investment accounts

Traditional lenders: "Your income is too low to qualify for a $600,000 home."

Non-QM solution: Asset Depletion Loan

• $1,500,000 in liquid assets ÷ 360 months = $4,167/month "income"
• Combined with his $45,000 tax return income ($3,750/month)
• Total qualifying income: $7,917/month
• Qualified for $600,000 home purchase with 25% down

Case 2: The Commission-Based Realtor

Jennifer's situation:

• Real estate agent for 3 years
• Income varies wildly: $180,000 in 2023, $95,000 in 2022, $210,000 in 2024 (YTD)
• Traditional lenders average the two years: ($180,000 + $95,000) ÷ 2 = $137,500
• She wants to buy a $450,000 home but DTI is too high using $137,500 income

Non-QM solution: Bank Statement Loan

• Reviewed 12 months of recent bank statements
• Average monthly deposits: $17,500 ($210,000 annualized)
• Used current income instead of two-year average
• Qualified easily for $450,000 purchase

Case 3: The Recent Divorcee

Linda's situation:

• Divorced 8 months ago
• Received $800,000 divorce settlement (half the marital assets)
• Recently started part-time job earning $35,000/year
• Wants to buy $350,000 home but income is too low

Non-QM solution: Asset Depletion Loan

• $800,000 in assets ÷ 360 = $2,222/month "income"
• Plus $35,000 job income = $2,917/month
• Total qualifying income: $5,139/month
• Qualified for $350,000 purchase with 25% down

Case 4: The Restaurant Owner

Carlos's situation:

• Owns three successful restaurants
• Gross revenue: $2.4M/year
• Tax returns show $48,000 personal income (after maximizing business deductions)
• Wants to buy $500,000 home but income appears too low

Non-QM solution: P&L Statement Loan

• CPA prepared current year P&L
• Business profit before owner distributions and tax strategies: $185,000
• Used P&L income instead of tax return income
• Qualified for $500,000 purchase

Red Flags: When Non-QM Becomes Dangerous

Non-QM loans are legitimate and valuable, but they can be misused:

Red Flag #1: "Stated Income" Without Any Verification

True "stated income" loans (where you just write down whatever income you want with zero verification) are gone—and good riddance. They enabled massive fraud and defaults.

Some shady lenders still offer "no verification" programs. Run away.

Legitimate Non-QM lenders verify income through alternative documentation (bank statements, assets, P&Ls), not through blind trust.

Red Flag #2: Rates 3-4%+ Higher Than Market

Yes, Non-QM costs more—but it shouldn't be egregious.

If conventional rates are 7% and you're being quoted 11% for Non-QM, something's wrong. That's predatory pricing.

Reasonable Non-QM pricing is 0.5-2.5% above conventional, not double.

Red Flag #3: Prepayment Penalties Over 3 Years

Some prepayment penalties are standard in Non-QM (1-3 years). But if you're being locked in for 5+ years with massive penalties, that's excessive.

You need flexibility to refinance once you can qualify for conventional loans.

Red Flag #4: Negative Amortization Structures

Remember Patricia's payment option ARM disaster from our earlier blog? That was a form of Non-QM loan with negative amortization (where unpaid interest adds to your principal).

Legitimate Non-QM loans today rarely have negative amortization, and when they do, they're highly regulated.

If someone offers you a "flexible payment" loan where the minimum payment doesn't cover interest, be extremely cautious.

Red Flag #5: Lender Pushing Non-QM When You Qualify for Conventional

If you have W-2 income, two years of tax returns, good credit, and normal DTI, you should get a conventional loan—it's cheaper.

If a lender pushes you toward Non-QM when you clearly qualify for conventional, they're likely doing it because:

• They make higher commissions on Non-QM
• They're lazy and don't want to do the conventional paperwork
• They're incompetent and don't know conventional guidelines

At National Mortgage Home Loans, we always recommend the most cost-effective product you qualify for—even if it means less commission for us.

Non-QM vs. Conventional: Which Should You Choose?

Choose Conventional if: ✅ You have W-2 or consistent self-employment income
✅ You have two years of tax returns
✅ Your DTI is under 45-50%
✅ You meet standard guidelines

Conventional is cheaper. Use it if you can.

Choose Non-QM if: ❌ You don't have traditional income documentation
❌ You're self-employed with complex tax situations
❌ Your income is non-traditional (gig work, commissions, investments)
❌ Your DTI is high but you have compensating factors
❌ You're asset-rich but income-poor on paper
❌ You're a foreign national

Non-QM solves problems conventional can't solve.

How to Qualify for Non-QM: What You Actually Need

Requirements vary by program, but generally:

Credit Score:

• Minimum: 600-620 (some programs)
• Preferred: 660-700+
• Better credit = better rates and terms

Down Payment:

• Minimum: 10-15% (some programs)
• Typical: 20-25%
• 30%+ down gets best pricing

Reserves:

• Minimum: 6 months of mortgage payments in savings
• Preferred: 12 months
• More reserves strengthen your application

Documentation: Depends on program type:

• Bank statement loans: 12-24 months of statements
• Asset depletion: Proof of liquid assets
• P&L loans: CPA-prepared profit & loss statement
• DTI flexibility: Tax returns showing income + compensating factors

Property:

• Primary residence, second home, or investment property
• Single-family, condo, or 2-4 units typically
• Must be in acceptable condition (no major rehab needed)

The Non-QM Process: What to Expect

Step 1: Pre-Qualification (1-2 days)

Contact a Non-QM lender. They'll:

• Review your situation
• Determine which Non-QM program fits
• Give you rough numbers on rates and terms

Step 2: Full Application (3-5 days)

Submit:

• Credit authorization
• Bank statements or relevant income docs
• Asset statements
• Property information (if you've found a house)

Step 3: Underwriting (10-20 days)

Non-QM underwriting takes longer than conventional because:

• Manual review of bank statements or alternative docs
• More complex analysis
• Portfolio lenders make individual decisions (not automated systems)

Step 4: Appraisal (7-14 days)

Standard home appraisal, same as conventional loans.

Step 5: Clear to Close (3-5 days)

Final conditions, wire instructions, closing coordination.

Step 6: Closing

Sign papers, become a homeowner.

Total timeline: 30-45 days (similar to conventional, maybe slightly longer)

Sarah's Update: Six Months Later

I checked in with Sarah six months after her Non-QM purchase:

"Buying with a Non-QM loan was the best decision I made. Yes, my rate is 7.875% instead of the 6.875% my friend got on her conventional loan. But I own my home now instead of renting.

"I'm building equity every month. My payment is only $200 more than my old rent. And I have my own space—no more landlords, no more lease renewals, no more wondering if I'll have to move.

"Best part? I now have two full years of tax returns showing my Airbnb income. I'm refinancing next month to a conventional loan at 6.75%. My Non-QM loan was a bridge that got me into homeownership. Now I'm locking in the lower rate.

"The extra interest I paid over six months was maybe $1,800 total. But I built $15,000 in equity, saved on rent, and got to live in my own home. Totally worth it.

"If I'd waited for conventional approval, I'd still be renting and watching home prices go up."

This is exactly how Non-QM should work: as a bridge to homeownership for qualified borrowers who don't fit traditional boxes, with a plan to refinance to conventional when circumstances allow.

Common Non-QM Myths Debunked

Myth #1: "Non-QM loans are subprime and risky"

False. Non-QM borrowers often have excellent credit and substantial assets—they just don't fit traditional income documentation requirements. Non-QM default rates are comparable to conventional loans.

Myth #2: "Non-QM is only for people with bad credit"

False. Most Non-QM programs require 660-700+ credit scores. Non-QM is about income verification, not credit quality.

Myth #3: "Non-QM loans are illegal or unregulated"

False. Non-QM loans are perfectly legal and subject to federal lending laws. They just don't meet the specific "Qualified Mortgage" safe harbor rules created after 2008.

Myth #4: "You can't refinance a Non-QM loan"

False. You can refinance anytime (subject to prepayment penalties if applicable). Many borrowers use Non-QM as a bridge, then refinance to conventional.

Myth #5: "Non-QM means you're financially irresponsible"

False. Many Non-QM borrowers are extremely successful—entrepreneurs, investors, retirees with substantial assets. They're financially sophisticated, not irresponsible.

The Bottom Line: Non-QM Opens Doors Conventional Can't

The modern economy doesn't fit 1950s lending boxes. Millions of financially successful people have:

• Non-traditional income
• Complex tax situations
• Substantial assets but minimal "income"
• Excellent credit but high DTI
• Foreign citizenship

These people deserve homeownership opportunities.

Non-QM loans provide those opportunities through: ✅ Alternative income verification (bank statements, assets, P&Ls)
✅ Common-sense underwriting
✅ Flexibility traditional lenders can't offer
✅ Pathways to homeownership for non-traditional borrowers

Use Non-QM when:

• Traditional lending says no despite your financial strength
• You have strong credit and substantial down payment
• You understand the higher cost and accept it as a bridge
• You have a plan (refinance later or hold long-term)

Avoid Non-QM if:

• You can qualify for cheaper conventional financing
• You're stretching to afford the payment
• The rate is predatory (3-4%+ above market)
• You don't understand the terms

Used correctly, Non-QM loans are powerful tools that expand homeownership to deserving borrowers traditional lending excludes.

Work with Non-QM Experts Who Understand Your Situation

Non-QM lending requires expertise that many lenders don't have. You need a lender who:

✅ Offers multiple Non-QM programs (bank statement, asset depletion, P&L, etc.)
✅ Understands complex income situations
✅ Can evaluate whether you truly need Non-QM or if conventional might work
✅ Shops multiple Non-QM investors for best rates
✅ Explains all costs and terms transparently
✅ Has a track record of successful Non-QM closings

At National Mortgage Home Loans, we specialize in Non-QM lending for:

• Self-employed entrepreneurs
• Real estate investors
• Gig economy workers
• Asset-rich borrowers
• Foreign nationals
• Anyone with non-traditional income

We'll evaluate your complete financial picture, determine if Non-QM is right for you, and if so, structure the most cost-effective solution.

Contact National Mortgage Home Loans today:

• Visit www.nmhl.us
• Call us for a free Non-QM consultation
• Bring your unique situation—we've likely helped someone similar

We speak your language: Hablamos español | نتحدث العربية (Arabic) | ܡܡܠܠܝܢܢ ܟܠܕܝܐ (Chaldean Aramaic) | ܡܡܠܠܝܢܢ ܐܬܘܪܝܐ (Assyrian) | Flasim shqip (Albanian)

Don't let traditional lending boxes prevent you from homeownership. If you're financially strong but don't fit conventional guidelines, Non-QM might be your path forward.

"Traditional lending measures what you were. Non-QM lending measures what you are. Big difference."