What is a Non-QM Loan?

A non-QM loan is short for a non-qualified mortgage loan. It is a type of loan that does not conform to the basic lending criteria the Consumer Financial Protection Bureau (CFPB) set. Non-QM Loans allow us to be more flexible and creative with our standards and requirements for you, the investor. Depending on the type of Non-QM Loan, you may be able to qualify with a higher DTI or a lower credit score compared to a traditional mortgage loan program. Some Non-QM’s allow you to make interest only payments; something that is unique to several Non-QM Loan Programs.

Non-QM loans give aspiring investors with unique circumstances, like yourself, an opportunity to purchase and invest in real estate!