Traditional mortgage guidelines were built around W-2 employees. If you're self-employed, a business owner, or a 1099 earner, Non-QM lets you qualify on what you actually earn — not what your tax return says after write-offs.
The most popular Non-QM product. Use 12 or 24 months of business or personal bank statements in place of tax returns. We average your deposits and apply a reasonable expense factor to determine qualifying income.
For contractors and 1099 earners, we can use 1099 statements or a CPA-prepared profit and loss statement to document income — without requiring full tax returns. This is a game-changer for the gig economy.
High-net-worth borrowers with significant liquid assets but modest reported income can qualify using asset depletion — a calculation that treats your assets as a stream of qualifying income over time.
Non-QM credit requirements are more flexible than conventional loans. Borrowers who have had a recent credit event — foreclosure, bankruptcy, or missed payments — may qualify with shorter waiting periods than conventional allows.
We start with a 15-minute call to understand your income structure. Are you using bank statements, 1099s, or assets? We select the right program and set accurate expectations before you gather a single document.
We provide a clear checklist specific to your program — typically 12–24 months of bank statements, a business license or CPA letter, and asset statements. No unnecessary paperwork requests.
Non-QM files are manually underwritten. Our experienced team knows these guidelines inside and out and can often secure approval in 5–7 business days from complete documentation.
Closing timelines on Non-QM are comparable to conventional when documentation is clean. Most of our bank statement borrowers close in 14–21 days from application to funding.
Bank statements, 1099s, assets — we'll find the right way to document your income and get you approved.