Do Non-QM Loans Allow Cash-Out Refinancing?

Yes! Many programs offer cash-out refinance options, ideal for home renovations, debt consolidation, or reinvestment.

What Is The Difference Between A Non-Qm And A Conventional Loan?

A Non-QM loan allows alternative income documentation and higher loan flexibility, while a conventional loan follows strict Fannie Mae & Freddie Mac guidelines.

Do Non-QM loans Require Tax Returns?

Not always! Programs like DSCR loans, Bank Statement Loans, and 1099 Loans allow borrowers to qualify without tax returns.

How Fast Can I Close On A Non-Qm Loan?

Non-QM loans typically close within 15-30 days, depending on the program and borrower documentation.

Can I Get A Non-Qm Loan With A Low Credit Score?

Possibly. Some Non-QM loans allow for lower credit scores as low as 620 but most require at least a 660, depending on the loan program.

Non-QM Loans Reimagined

Think Outside the Bank

Creative Mortgage Financing

Creative Financing Solutions

Creative Lending Programs Comparison Chart

Loan Type	Best For	LTV	Min Fico	Cash Out Option	Qualification Method
DSCR- Debt Service Coverage Ratio	Real Estate Investors Using Rental Income	85%	660	Yes	DSCR - Rental Income Based-No tax Returns Required
Bank Statement	Self Employed Borrowers	90%	680	Yes	12-24 months bank statements
P&L Only Loan	Business Owners	85%	660	Yes	CPA-Prepared Profit & Loss Statement
1099 and VOE Loans	Independent Contractors	85%	660	Yes	1099 earnings statement or verification of employment
No Limit Jumbo	High Income Borrowers Financing High Value Property	60%	660	Yes	Finance ANY loan amount-NO LIMIT on final loan amount with 40% down
Hard Money-No Doc Loan	Fix and Flip Investors	Varies	No Min	Yes	Asset Based Lending-Fast Closing
Full Doc	Primary Residence, Second Home, Investment	90%	660	Yes	Full Doc

Types of Non-QM Loans Available

DSCR Loans for Real Estate Investors

Qualify based on rental income, not personal income.
No tax returns required.
Ideal for property investors & landlords.
Loan Program: Elite Loan (DSCR)

Bank Statement Loans for Self-Employed Borrowers

Use 12-24 months of bank statements to qualify.
No tax returns or W-2s needed.
Best for business owners & self-employed applicants.
Loan Program: Elite Loan, Aspire X

Jumbo Loans – No Loan Limits

Financing available above conforming loan limits.
Available for primary, second home, and investment properties.
Loan Program: No Limit Jumbo Loan

P&L Only Loans and 1099 WVOE

Qualify Without Tax Returns
Use 1099 earnings or P&L statements instead of full tax returns.
Best for contractors, freelancers, and business owners.
Loan Program: Elite Loan (1099 VOE), P&L Loan

What is a Non QM Loan?
A Non QM loan is a creative finaincing solution designed for borrowers who may not meet traditional lending guidelines. Unlike conventional loans, Non-QM loans offer alternative income documentation, higher loan limits, and specialized financing options for self-employed borrowers, real estate investors, and high-net-worth borrowers.

Traditional mortgage programs may require more strict debt-to-income (DTI) ratios, W-2 income verification, and credit history requirements. If a borrower doesn’t fit into these guidelines, securing financing can be difficult. Non-QM loans eliminate these barriers by offering qualification options based on rental income, bank statements, asset depletion, and alternative documentation methods.
Why Choose a Non-QM Loan?
✔ No strict income verification requirements – Qualify using bank statements, rental income, or assets instead of W-2s and tax returns.

✔ Higher loan amounts – Ideal for borrowers needing financing above conventional loan limits.

✔ Flexible credit score requirements – Borrowers with credit scores as low as 620+ may qualify (varies by program).

✔ Multiple property types accepted – Finance primary residences, second homes, and investment properties.

✔ Ideal for real estate investors – DSCR loans allow qualification based on property cash flow, not personal income.

✔ Fast closings available – Many Non-QM loans offer a streamlined approval process, providing quicker access to financing.
Who Benefits from Non QM Loans?
✔ Self-Employed Borrowers – Use bank statements, P&L statements, or 1099 income instead of tax returns.
✔ Real Estate Investors – Qualify for DSCR loans based on rental income.
✔ High Net-Worth Borrowers – Use asset depletion instead of traditional income verification.
✔ Jumbo Loan Borrowers – Get financing above conforming loan limits with flexible underwriting.
✔ Non-Traditional Income Applicants – Qualify with alternative documentation methods.
What is a Hard Money Loan?
Creative Financing with Fast, Flexible, and Short-Term Options with a Quick approval process and asset-based lending strategy.
Ideal for house flippers and short-term investors.

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Non-QM Lender?

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Need a Conventional Lender?

Check Out These Other Resources

Bank Statement Loans

Perfect for self-employed borrowers, these loans allow you to qualify based on your bank statements instead of traditional income verification.

Learn More

P&L Based Loans

Ideal for business owners, these loans consider your profit and loss statements, making it easier to secure funding without the usual paperwork.

See Options

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DSCR Loans

Designed for real estate investors, these loans focus on the cash flow generated by your properties, simplifying the approval process.

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Full Doc Loans

A flexible solution that merges traditional documentation with non-conforming options, catering to a variety of financial situations.

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