A mortgage for how you actually earn, not just your tax returns.
Bank statements, rental income, liquid assets, or an ITIN. If a traditional lender said no, there is a program here designed for your situation.
Start here. Which best describes you?
Estimate only. Final qualification based on full underwriting review.
Qualify with bank statements, not tax returns.
Write-offs hurt your taxable income, and your chances with a traditional lender. We qualify you on 12 or 24 months of actual deposits.
- You have been self-employed or a 1099 earner for 2+ years
- You have consistent monthly deposits into a business or personal account
- You have a credit score of 620 or higher
- You have 10% down (or equity if refinancing)
“I am a general contractor. My tax returns understate my income by half. Bank statements showed the real picture. Closed my primary home in 26 days.”
Estimate only. Final qualification based on full underwriting review.
Illustrative only. Actual rate depends on LTV, FICO, reserves.
Qualify on the property's rent, not your W-2.
A DSCR loan qualifies you based on the rent-to-payment ratio of the subject property. No personal income, no tax returns, no employment history.
- Purchase, rate/term, cash-out
- Short-term rental OK (Airbnb, VRBO)
- Interest-only available
- LLC / entity vesting allowed
- No personal income verification
- Close in 25 to 30 days typical
DSCR = Debt Service Coverage Ratio · DSCR is the Debt Service Coverage Ratio: projected monthly rent divided by monthly principal, interest, taxes, insurance, and HOA. A 1.20x ratio means rent covers 120% of the payment.
For borrowers outside the W-2 lane.
Less common, but high-fit when they apply. If one of these sounds like you, let's talk.
ITIN Loan
For borrowers without a Social Security number who file taxes with an Individual Taxpayer Identification Number. Foreign nationals and non-permanent residents welcome.
- Primary, second home, or investment
- 2 years of ITIN-filed tax returns
- No SSN required, ever
- Spanish-speaking loan officers on staff
Asset-Based Loan
For retirees and high-net-worth borrowers. We qualify you on liquid assets: retirement accounts, brokerage, cash. Not employment or tax returns.
- No employment or income verification
- Retirement, brokerage, and cash count
- Primary or second home
- Asset depletion method preferred
P&L Only Loan
CPA-prepared profit and loss in lieu of tax returns. For self-employed borrowers with complex returns.
Jumbo Non-QM
Above conforming limits with flexible doc options. Combine with any program above for loans over $806K.
Compare every non-QM program side by side.
Rate ranges are illustrative, updated weekly, and vary by FICO, LTV, and reserves. Call for a personalized quote. No credit pull required.
Bank Statement
- Primary doc
- 12 to 24 mo bank statements
- Min FICO
- 620
- Max LTV
- 90%
- Loan amount
- Up to $3M
- Rate band
- 7.25 to 8.75%
- Close time
- 25 to 30 days
DSCR
- Primary doc
- Property rent + appraisal
- Min FICO
- 640
- Max LTV
- 80%
- Loan amount
- $150K to $2M
- Rate band
- 7.50 to 9.25%
- Close time
- 25 to 30 days
P&L Only
- Primary doc
- CPA P&L · 2 yrs
- Min FICO
- 680
- Max LTV
- 80%
- Loan amount
- Up to $2M
- Rate band
- 7.50 to 9.00%
- Close time
- 30 days
ITIN
- Primary doc
- ITIN + 2 yrs returns
- Min FICO
- 660
- Max LTV
- 80%
- Loan amount
- Up to $1.5M
- Rate band
- 8.00 to 9.75%
- Close time
- 30 to 45 days
Asset-Based
- Primary doc
- Liquid asset statements
- Min FICO
- 680
- Max LTV
- 80%
- Loan amount
- Up to $3M
- Rate band
- 7.25 to 8.75%
- Close time
- 28 to 35 days
Jumbo Non-QM
- Primary doc
- Varies by base program
- Min FICO
- 680
- Max LTV
- 85%
- Loan amount
- Up to $5M
- Rate band
- 7.25 to 9.25%
- Close time
- 30 days
Rate ranges reflect pricing as of this week for well-qualified scenarios. Actual rate and APR depend on FICO, LTV, occupancy, reserves, and property type. Not a commitment to lend.
From inquiry to funded, in four steps.
Because we are not pulling tax returns for most of these programs, the docs look different, but the timeline does not.
- 01
Pre-qualify in 3 minutes
Fill the short form or call. No hard credit pull, no tax returns at this stage. Just the basics.
- 02
Submit the right docs
Depending on the program: 12 to 24 months of bank statements, a CPA P&L, asset statements, or rent comps. We will tell you exactly what.
- 03
Lock rate and appraise
Credit and asset review, property appraisal, title. We run the underwrite in parallel to keep timelines tight.
- 04
Close in 25 to 35 days
Clear-to-close, final walkthrough, funding. Wire on closing day.
The people who couldn't get there with a W-2.
“I had been turned down by two big banks. MMC looked at bank deposits, saw my real business, and we closed on a $580K primary in 29 days.”
R. TanakaE-comm store owner · self-employed 5 yrs24-mo bank stmt“Fourth rental property. DSCR came in at 1.34x. Rate was competitive and the LLC vesting saved me a headache at close.”
D. WashingtonInvestor · 4-unit portfolioDSCR, cash-out refi“My wife and I both file with ITINs. Every other lender wouldn't even price the loan. MMC priced it and closed it.”
C. RamírezRestaurant owner · CAITIN purchase
6 branches. 3 states. Real people.
We lend in California, Nevada, and New York, states we know deeply. NMLS #150086. Every loan is handled by a local, licensed loan officer in one of our 6 branches.
- Las Vegas Branch OfficeNV
- Palmdale Branch OfficeCA
- San Fernando Branch OfficeCA
- Costa Mesa Branch OfficeCA
- Melville Branch OfficeNY
- MMC LendingCA
Honest numbers, no rate teases.
Published ranges are what our well-qualified borrowers actually get. Your rate is specific to FICO, LTV, and program.
Get my rate quoteAnswers, plainly.
What's a non-QM loan?
How is this different from a conventional loan?
What credit score do I need?
How many months of bank statements?
Can I use a non-QM loan for my primary residence?
Do I need cash reserves?
How fast can I close?
Is there a prepayment penalty?
Can I cash out?
Will pre-qualifying hurt my credit?
Tell us a little. We will tell you a lot.
A loan officer will call within one business hour, usually sooner.No credit pull, no commitment.
By submitting you agree to be contacted by MMC Lending about your inquiry. No hard credit pull at this stage. Message and data rates may apply.