Non-QM & Alternative Documentation Loans
Traditional W2 underwriting doesn't fit everyone. These programs qualify you a different way — through bank deposits, assets, 1099 income, or without a Social Security Number at all.
Bank Statement Loan
Built for the self-employed. Qualification is based on 12–24 months of business or personal bank deposits instead of tax returns — useful when write-offs make your tax return understate your real income.
1099 Income Loan
For independent contractors and gig-based earners. Qualification is based on your 1099 income directly, without requiring the full tax-return documentation a traditional loan would need.
ITIN Loan
Homeownership financing for borrowers who file taxes with an Individual Taxpayer Identification Number instead of a Social Security Number.
Asset Depletion
Qualify using liquid assets — savings, investments, retirement accounts — rather than traditional employment income. A strong fit for retirees or high-net-worth borrowers with limited W2 income.
P&L Only Loan
Qualify using a CPA-prepared profit and loss statement alone — no tax returns or bank statements required.
Non-Warrantable Condo
Financing for condos that don't meet conventional guidelines — high investor concentration, new developments, or litigation on the building — where standard financing falls through.
Non-QM FAQ
What does "Non-QM" mean?
Non-QM stands for "non-qualified mortgage" — a loan that doesn't meet the strict federal underwriting standards of a traditional conventional or government-backed loan. It doesn't mean higher risk or lower quality; it means the qualification method is different, built for borrowers whose income or documentation doesn't fit a standard W2 profile.
Do I need a Social Security Number for an ITIN loan?
No — the ITIN loan program is specifically built for borrowers who file taxes with an ITIN instead of an SSN.
I'm self-employed and my tax returns don't reflect my real income. What are my options?
A Bank Statement Loan or P&L Only Loan are both built for exactly this situation — qualifying you on cash flow or a CPA statement rather than a tax return that's been reduced by write-offs.
Can retirees qualify without traditional income?
Often, yes — Asset Depletion loans convert savings and investment balances into a qualifying income figure, which is a common path for retired or high-net-worth borrowers.