Non Qualified Mortgage - (Non QM)

What Is a Non-Qualified Mortgage Loan?

Non-Qualified Mortgage (Non-QM) loans are specialized mortgage products for borrowers who don’t meet the strict income or documentation requirements of conventional or government-backed loans. These loans are designed to serve clients with non-traditional financial profiles—such as self-employed professionals, real estate investors, retirees with substantial assets, or those with unique credit histories.

Unlike Qualified Mortgages (QM), which follow Consumer Financial Protection Bureau (CFPB) guidelines around debt-to-income (DTI) ratios and documentation, Non-QM loans allow more flexibility in how a borrower’s ability to repay is verified.

Why It’s Beneficial

Non-QM loans open the door to homeownership and investment for individuals who have the income and financial strength to repay a mortgage but fall outside traditional lending guidelines. These programs:

• Accept alternative income documentation such as bank statements, asset depletion, or rental income
• Offer flexible credit requirements, including for those with recent credit events like foreclosures, bankruptcies, or short sales
• Support higher loan amounts (jumbo Non-QM loans)
• May allow interest-only payments or expanded DTI ratios

For many self-employed professionals, gig workers, or retirees with large savings but little reportable income, a Non-QM loan can be the only path to securing property ownership or investment opportunities.

Who It’s For

Non-QM programs are ideal for:

• Self-employed individuals with fluctuating or cash-based income
• Borrowers with significant assets but limited W-2 income
• Real estate investors purchasing rental or flip properties
• Individuals recovering from past credit events
• Foreign nationals without U.S. credit history

The Ray Campbell Team specializes in working with these non-traditional borrowers, ensuring their unique financial picture is understood, structured, and presented in the strongest way possible to lenders who offer Non-QM products.

Key Features of Non-QM Loans

• Bank statement loans (12–24 months of personal or business deposits)
• Asset-based lending (using retirement, investment, or savings accounts)
• DSCR (Debt Service Coverage Ratio) loans for investment properties
• No tax returns or W-2s required in some cases
• Can be used for primary, secondary, or investment properties

How Ray Campbell Can Help

Navigating Non-QM loans takes experience and the right lending relationships. Ray and his team will help:

• Determine if a Non-QM option is right for you
• Collect and prepare alternative income documentation
• Match you with trusted lenders offering competitive Non-QM terms
• Guide you through underwriting that often requires extra diligence

Whether you’re growing your portfolio or finally ready to buy after a financial setback, we’ll help make the path forward clear.

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