Non-QM Loans
Unlock Homeownership Opportunities with Flexible Mortgage Options
At Choice Mortgage Group, we know every borrower’s story is different. Not everyone fits neatly into traditional lending guidelines—and that’s okay. Our Non-QM (Non-Qualified Mortgage) loans are built for real people with real goals, offering flexible, personalized financing for unique situations.
What is a
Non-QM Loan?
A Non-QM loan is a mortgage that doesn’t follow standard underwriting guidelines set by Fannie Mae or Freddie Mac. Instead, it’s designed to meet the needs of borrowers who may have alternative income sources, complex financials, or other unique circumstances.
With Non-QM loans, we look beyond traditional requirements to find solutions that fit your lifestyle and financial picture.
Who Are Non-QM Loans For?
Self-Employed Professionals
Simplify your loan process with flexible options designed for self-employed borrowers. Qualify using bank statements, 1099s, or alternative income documentation—no tax returns required.
Real Estate Investors
Expand your portfolio with flexible lending options, including DSCR (Debt Service Coverage Ratio) loans that focus on property cash flow instead of personal income.
Borrowers with Credit Challenges
Your past shouldn’t define your future. Our Non-QM programs help you overcome financial hurdles with loan solutions focused on your potential—not your credit history.
Non-QM Loan Programs
Bank Statement Loans
For self-employed borrowers, freelancers, or business owners who don’t show W-2 income. Qualify using 12 or 24 months of bank statements—no tax returns needed.
DSCR Loans
Ideal for real estate investors qualifying through property cash flow instead of personal income. Great for both long-term and short-term rentals.
1099 Income Loans
Perfect for contractors and gig workers earning 1099 income. Qualify with one or two years of 1099s and skip the tax returns.
Asset Utilization Loans
Turn savings, investments, or retirement funds into qualifying income. Ideal for retirees or high-net-worth borrowers with non-traditional income.
ITIN Loans
Helps borrowers without a Social Security Number purchase or refinance using an Individual Taxpayer Identification Number. Investment properties allowed.
Full Doc Loans
A standard mortgage option requiring W-2s, pay stubs, and tax returns. Best for borrowers with consistent income and strong credit.
P&L (Profit & Loss) Loans
Great for business owners who prefer simplicity. Qualify using a 12- or 24-month P&L prepared by a licensed tax professional.
Foreign National
Loans
For buyers living abroad purchasing a U.S. vacation home or investment property. Qualify using international income or assets.
WVOE (Written Verification of Employment) Loan
Simplify qualification with written employment verification instead of pay stubs or tax returns. Perfect for variable-income earners.
Non-QM Loan Requirements
Every Non-QM program has its own set of qualifying guidelines, but overall, these loans are designed to offer more flexibility and opportunity than traditional mortgage programs.
Here’s what borrowers can generally expect:
Credit History
Non-QM loans look at the full picture—not just your score. Many programs accept borrowers with credit starting in the low 600s, and some options are available for those rebuilding after past credit events. We focus on your current stability and repayment ability, not your past challenges.
Debt-to-Income Ratio (DTI)
Traditional loans typically cap DTI at around 43%. Non-QM programs can be more accommodating, allowing higher DTI ratios in many cases to help qualified borrowers who have strong income potential or other compensating factors.
Income Documentation
Unlike conventional loans that require tax returns or W-2s, Non-QM loans offer alternative documentation options—such as bank statements, asset depletion, or rental income analysis—to demonstrate your ability to repay.
Down Payment
Down payment requirements vary by program and credit profile, but most Non-QM loans require at least 10–20% down. Larger down payments can often help improve loan terms.
Why Borrowers Choose Choice Mortgage Group
We’re homeowners too, and we understand what it means to dream big. Our team is dedicated to turning homeownership dreams into reality with tailored mortgage solutions and unmatched service.
- Flexible Documentation: Less paperwork, faster approvals, and stress-free processes.
- Customizable Loan Options: Programs tailored to meet diverse financial goals
- Personalized Service: A white-glove experience from start to finish.
- Local Expertise: Our team knows your market and community, ensuring you always have trusted guidance.
Let’s Find Your Perfect Fit
Your story deserves more than a checkbox. Whether you’re self-employed, an investor, or rebuilding your financial future, Choice Mortgage Group is here to guide you every step of the way—with experience, empathy, and excellence.
Discover the power of Non-QM loans today.
Start your application or connect with one of our loan experts to learn how we can help you achieve your property dreams with confidence.