Non-QM Loans for Alternative Income
Unique financial situations require flexible mortgage options. Our Non-QM loans, including bank statement, DSCR, and ITIN programs, help self-employed borrowers and investors qualify without traditional income documentation or tax returns.
Non-Qualified Mortgages (Non-QM) for Unique Borrowers
The modern workforce is changing, but traditional mortgage guidelines haven't always kept up. If you are self-employed, a 1099 contractor, or a real estate investor, your tax returns may not show your true qualifying power due to business deductions and complex income structures.
Non-QM loans bridge this gap by using alternative methods to verify your ability to repay, focusing on your actual cash flow rather than just your taxable income.
How Non-QM Loans Work
While standard "Qualified Mortgages" follow rigid federal rules, Non-QM loans are held in private portfolios, allowing for manual underwriting and flexible documentation. We look at the "big picture" of your finances, such as 12–24 months of bank deposits or the rental income generated by a property, to determine eligibility.
This flexibility allows us to serve borrowers who have strong credit and significant assets but don't fit into the "W-2 employee" box required by traditional banks.
Key Features and Benefits
Alternative Documentation
Qualify using 12 or 24 months of personal or business bank statements.
No Tax Returns Required
Many programs bypass tax return requirements entirely, focusing on gross deposits or P&L statements.
High Loan Amounts
Finance luxury properties with loan amounts available up to \3 million or \5 million.
Investor-Friendly
DSCR programs allow you to qualify based on property cash flow, not your personal debt-to-income (DTI) ratio.
Credit Flexibility
Solutions are available for those with recent credit events or alternative credit histories, including ITIN holders.
Who This Loan Is Best For
Self-Employed & Freelancers
Business owners whose tax write-offs lower their reported net income.
Real Estate Investors
Individuals looking to scale their portfolios beyond the 10-property conventional limit.
ITIN Holders
Borrowers without a Social Security Number who want to achieve homeownership.
Foreign Nationals
International investors looking to purchase or refinance U.S. real estate.
Basic Loan Terms and Options
Loan Amounts | Typically range from \100,000 to \5,000,000. |
LTV Ratios | Up to 90% for primary jumbo purchases or 85% for investor DSCR loans. |
Interest-Only Options | Available for investors or high-net-worth individuals prioritizing monthly cash flow. |
Eligibility Requirements
- Income Verification Style
Uses alternative methods such as bank statements, P&L, asset depletion, or DSCR.
- Credit Profile
Typically requires a minimum FICO of 600--620, though "No FICO" options exist for ITIN programs.
- Property Types
Available for primary residences, second homes, and 1--8 unit investment properties.
- Reserves
Borrowers generally need to show 3--18 months of liquid reserves depending on the loan size.
Advantages and Trade-Offs
Advantages
- Allows creditworthy borrowers with non-traditional income to
- Faster and more flexible underwriting than conventional "big
Considerations
- Interest rates may be slightly higher than
- May require larger down payments (typically
Why Work With MMC Lending
Non-QM Specialists
We have deep experience in the technical nuances of alternative income verification.
In-House Underwriting
Our Elite division handles complex files with discretion and speed.
Broad Program Access
From ITIN Activators to Super Jumbo DSCR, we have the right program for your unique situation.
Ready to Get Started?
Take the first step toward your Non-QM Loans for Alternative Income. Our experienced loan officers are here to guide you through every step.