Loan Programs
Non-QM Loans
Non-Qualified Mortgage loans for borrowers who don't fit the conventional mold — self-employed, investors, foreign nationals, and more.
Alternative Documentation
Non-QM Program Types
Bank Statement Loans
12 or 24 months of personal or business bank statements used to verify income — ideal for self-employed borrowers who show significant write-offs on tax returns.
Asset Depletion / Asset Utilization
Qualify using liquid assets (savings, investments, retirement accounts) as income. Divide eligible assets by the loan term to calculate a monthly income figure.
1099 Income Loans
Use 1099 forms instead of full tax returns to document income. Great for independent contractors, gig workers, and commission-based earners.
P&L Statement Loans
A CPA-prepared profit & loss statement can be used to qualify self-employed borrowers — no tax returns required in many cases.
Foreign National Loans
Non-U.S. citizens purchasing property in the Pensacola area can qualify using foreign income documentation, ITIN, or passport-based credit.
Recent Credit Event Loans
Experienced a bankruptcy, foreclosure, or short sale? Some Non-QM programs allow financing as soon as 1–2 years after a major credit event.
Is This You?
Who Non-QM Loans Are For
Common Questions
Non-QM FAQ
Are Non-QM loans the same as subprime loans?
No — Non-QM loans are not subprime. They are fully documented loans that simply use alternative income verification methods. Borrowers typically have strong credit and assets; they just don't fit the standard W-2 income documentation mold.
Are Non-QM interest rates higher?
Non-QM rates are typically 0.5%–2% higher than conventional rates, reflecting the additional flexibility in underwriting. However, for self-employed borrowers who cannot qualify conventionally, the rate premium is often worth the access to financing.
What credit score do I need for a Non-QM loan?
Most Non-QM programs require a minimum 620–660 credit score, though some programs go as low as 500 for certain scenarios. Higher credit scores result in better rates and terms.
Don't Let a "No" Stop You
If a bank turned you down, we have options. Our Non-QM specialists will find a program that works for your unique situation. NMLS #103035.