What is a non-QM loan?
Non-QM stands for non-qualified mortgage. These loans use different documentation than standard loans. A bank statement loan, for example, can use your bank deposits to show income instead of tax returns.
Why buyers choose it
Many self-employed people write off business expenses, which can make their income look lower on paper. Non-QM options can give a more complete picture of what you actually earn.
Things to know
Non-QM loans often have different terms and costs than conventional or government loans. We will walk you through the trade-offs so you can decide with clear information.
This page is general information only, not an offer or commitment to lend. Loan programs are subject to eligibility, credit approval, and underwriting. Program availability, guidelines, and terms can change.