What Are Non-QM Mortgages?

Non-QM (Non-Qualified Mortgage) loans are home loans for borrowers who don’t meet strict traditional requirements. They offer financing options for the self-employed, investors, or those with recent credit challenges.

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Flexible Underwriting

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Lenient Standards

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Varied Loan Features

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No Government Backing

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Learn More About Non-QM Loans

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What Are Non-QM Mortgages?

Non-QM (Non-Qualified Mortgage) loans are home loans for borrowers who don’t meet strict traditional requirements. They offer financing options for the self-employed, investors, or those with recent credit challenges.

Non-QM (Non-Qualified Mortgage) loans are home loans for borrowers who don’t meet strict traditional requirements. They offer financing options for the self-employed, investors, or those with recent credit challenges.

Flexible Underwriting

Flexible Underwriting

Alternative income verification accepted

Alternative income verification accepted

Use 12–24 months of bank statements

Use 12–24 months of bank statements

Liquid assets can replace W-2s and tax returns

Liquid assets can replace W-2s and tax returns

Designed for irregular income patterns

Designed for irregular income patterns

Lenient Standards

Lenient Standards

Higher debt-to-income ratios allowed

Higher debt-to-income ratios allowed

More flexible than standard QM loans

More flexible than standard QM loans

Can qualify after bankruptcy or foreclosure

Can qualify after bankruptcy or foreclosure

Lower or non-traditional credit scores accepted

Lower or non-traditional credit scores accepted

Varied Loan Features

Varied Loan Features

Interest-only payment periods possible

Interest-only payment periods possible

Adjustable structures for unique financial needs

Adjustable structures for unique financial needs

Loan terms can exceed 30 years

Loan terms can exceed 30 years

Balloon payments may be offered

Balloon payments may be offered

No Government Backing

No Government Backing

Not guaranteed by FHA, VA, or USDA

Not guaranteed by FHA, VA, or USDA

Still offers a path to homeownership

Still offers a path to homeownership

Can lead to higher interest rates

Can lead to higher interest rates

Lenders take on more risk

Lenders take on more risk

Learn More About Non-QM Loans

Learn More About Non-QM Loans

Looking for flexible home-loan options? ALT Financial helps borrowers navigate Non-QM mortgages, compare programs, and make confident decisions tailored to your unique financial situation.

Looking for flexible home-loan options? ALT Financial helps borrowers navigate Non-QM mortgages, compare programs, and make confident decisions tailored to your unique financial situation.