Non-QM Mortgage Loans

A non-qualified mortgage (Non-QM) is a mortgage that does not meet the applicable qualified-mortgage criteria. These programs may offer alternative ways to document income or evaluate an eligible borrower.

Borrowers Who Can Consider a Non-QM Loan

Non-QM loans may be an option for borrowers who do not meet traditional lending criteria but can manage the required down payment and monthly payments. You might consider a Non-QM loan if:

• You’re a contractor, self-employed, retired, or otherwise unable to meet traditional income documentation requirements.
• You’ve recently experienced a major credit event, such as foreclosure or bankruptcy.
• You’re a landlord seeking a program that considers eligible rental income or property cash flow, subject to the lender’s rules for the property and loan purpose.
• More than 43% of your income goes toward paying monthly debts.

These loans offer flexibility for unique financial situations and may help you explore financing suited to your needs.

These examples do not establish eligibility or guarantee approval. A debt-to-income ratio above 43% does not by itself determine whether a loan is Non-QM. Documentation, credit-event waiting periods, debt-to-income limits, down payment and ability-to-repay requirements vary by lender and program. Investment-property cash-flow programs and owner-occupied financing have different requirements.

Apply Now →

Program information is subject to lender guidelines, eligibility, and change. Contact LendEase to confirm the options available for your situation.