top of page

What is a Non-QM Loan?

Non-Qualified Mortgage (Non-QM) loans are typically for borrowers with unique circumstances and for those who don’t fit the normal “qualified-mortgage box”. Often these loans are for borrowers with non-traditional circumstances like fluctuating income, self-employed independent business owners, contractors, entrepreneurs, artists, etc.

Benefits of Non-QM Loan

  • It is not mandatory for a borrower to meet the minimum waiting period after bankruptcy.

  • Non-QM loans do not have a waiting period.

  • When faced with bankruptcy or foreclosure you can still receive a loan.


The customers should know that they can pay interest only on their initial loan and later make a more substantial payment using the principle.

Who Qualifies?

Qualification methods vary from the standard process and product terms may also vary including but not limited to Interest Only loans.

bottom of page