Non-QM Loans: Expanding Your Mortgage Options

Not everyone fits perfectly inside the box when it comes to getting a mortgage — and that’s where Non-QM loans come in.

“Non-QM” stands for Non-Qualified Mortgage. These loans don’t follow the traditional rules set by government agencies or the CFPB’s “qualified mortgage” guidelines. But that doesn’t mean they’re risky or shady — they’re just made for people with situations that aren’t one-size-fits-all.

If you’re self-employed, have variable income, or your credit score isn’t perfect, a Non-QM loan might be the solution. These loans are often used for jumbo loan amounts, investment properties, or borrowers who don’t meet the strict debt-to-income limits of standard loans.

The key difference? Non-QM lenders use a broader lens to evaluate your ability to repay. That means looking at things like bank statements, asset levels, or rental income instead of just W-2s and tax returns.

Bottom line — if you’ve been told “no” by a traditional lender, it might not be the end of the road. Non-QM loans offer more flexibility and could help you move forward with your plans.

Wondering if a Non-QM loan might be right for you? Let’s talk about it. There’s more possibility out there than you might think.