Non-QM Loans: Flexible Mortgage Solutions for Self-Employed Borrowers
Traditional mortgage programs don't work for everyone. If you're self-employed, a freelancer, contractor, or investor, proving income with W-2s and pay stubs can be nearly impossible. That's where Non-QM loans come in.
What Are Non-QM Loans?
Non-QM loans are mortgages that allow alternative income verification, making it easier for self-employed borrowers and entrepreneurs to qualify. Instead of relying solely on W-2s, you can use:
- Bank statements
- 1099 forms
- Asset depletion
- Profit and loss statements
Who Benefits From Non-QM Loans?
- Self-employed borrowers with complex or irregular income
- 1099 contractors & freelancers
- Real estate investors who use rental income to qualify
- Borrowers with recent credit events such as foreclosure or bankruptcy