Non-QMLoans.com
Creative Financing
Mortgage Lender Resources:
Unlock flexible Lending
with Non Conforming Loans.
Perfect for Self-Employed Borrowers, Real Estate Investors,
and Anyone Who Needs a Smarter Way to Qualify
Without..
❌ W-2 Income
❌ Credit
❌ Tax Returns
✓
Common Sense Qualifications
More Options
Faster Closings
Less Paperwork
What Is Non-QMLoans.com?
Non-qmloans.com provides consumer education and informational resources on non conforming mortgage loan products. We connect borrowers with trusted, expert, fully licensed non-conforming lenders.
Self employed or non W-2 workers in the United States make up a huge part of our economy. As of 2024 according to the
BLS at least 9.84 million Americans were self employed. During the global pandemic, gig-workers, digital creators independent contractors also had an explosion of growth in this particular economic sector. This growth greatly increased the need and utility of
non qualifying mortgages nationwide.
👋🏻 Get approved in 3 easy steps!
- Schedule - Tell Us About Your Financing Goal and Current Finances by phone call, Zoom video meeting or office meeting today by clicking the button below to schedule your free consultation with an expert mortgage lender who specializes in non conforming loans!
- Loan Options - Review the available loan options that fit your borrowing needs and discuss pros and cons of each loan type. Ask Questions and get expert advice from a licensed lender.
- Get Pre Approved and Buy Your Property -After deciding on a loan program provide any documents your lender needs, find your property and close on your loan.
What Types of Non-QM Loans are Available
DSCR Loans
- No tax returns required
- Ideal for property investors & landlords
- Qualify based on rental income, not personal income.
Bank Statement Loans
- Use 12-24 months of bank statements.
- No tax returns or W-2s needed.
- Best for business owners & self-employed applicants.
No Limit Jumbo Loans
- Exceeds jumbo loan limits.
- No set loan limit-finance any amount
- Primary, second home, and investment properties
P&L Only Loans and 1099 WVOE
- Qualify Without Tax Returns
- Use 1099 earnings or P&L statements
- Great for independent contractors & freelancers.
Non-qm loans explained💡
What Is a Non Conforming Loan?
Non Conforming Loans are loan products offered by a licensed mortgage lender that were created to fill gaps and solve specific problems in conforming loan product offerings. Any loan or line of credit that does not meet conforming loan standards set by Fannie Mae and Freddie Mac are considered Non Conforming Mortgages. An example of a well known and trusted non qm loan would be a HELOC which is an asset-based loan where a creditor uses the equity in their home as a primary qualification factor. Since most HELOC's have an interest only period followed by a much larger interest and repayment period, they do not conform to traditional lending standards.
Non Conforming Lenders have flexibility to use alternative documentation like bank statements and profit and loss statements to prove a borrower's ability to repay the mortgage loan. The process of fitting together the unique pieces of a borrower's scenario in order to suite their exact non-conforming mortgage is commonly called creative financing.
Creative Financing can mean any financing solution offered by a mortgage lender that is not a conforming loan program or traditional financing method. Creative financing can mean different things depending on who is talking about it. For example short term loans which are commonly used for fix & flips are often referred to as hard money loans by investors and real estate flippers who also use seller financing and wraparound mortgages as creative financing real estate methods.
Creative Lending Programs Comparison Chart
| Loan Type | Best For | LTV | Min Fico | Cash Out Option | Qualification Method |
|---|---|---|---|---|---|
| DSCR- Debt Service Coverage Ratio |
Real Estate Investors Using Rental Income |
85% |
660 |
Yes |
DSCR - Rental Income Based-No tax Returns Required |
| Bank Statement |
Self Employed Borrowers |
90% |
680 |
Yes |
12-24 months bank statements |
| P&L Only Loan |
Business Owners |
85% |
660 |
Yes |
CPA-Prepared Profit & Loss Statement |
| 1099 and VOE Loans |
Independent Contractors |
85% |
660 |
Yes |
1099 earnings statement or verification of employment |
| No Limit Jumbo |
High Income Borrowers Financing High Value Property |
60% |
660 |
Yes |
Finance ANY loan amount-NO LIMIT on final loan amount with 40% down |
| Hard Money-No Doc Loan |
Fix and Flip Investors |
Varies |
No Min |
Yes |
Asset Based Lending-Fast Closing |
| Full Doc |
Primary Residence, Second Home, Investment |
90% |
660 |
Yes |
Full Doc |
Hard Money vs. Soft Money: What's the Difference?
Hard Money Real Estate Loans
Hard Money Use Cases:
Hard Money Loan for Fix n Flip
Most common use of hard money and used to help purchase and rehab a real estate investment project.
Hard Money Loan for Primary Residence
Rare but possible under specific circumstances especially when used for a short time while other funds or traditional financing is being aquired.
Hard Money Bridge Loans
Used to finance a new purchase while waiting to sell another property, this type of hard money loan is very common.
Hard Money Home Equity Loan
Tap into equity fast without the red tape of traditional lenders when cash is needed quickly. Instead of using cash down payment as security use your own home equity to secure hard money loans for investment and fix n flip projects.
Hard Money Lenders Near Me
We can connect you with our trusted, licensed hard money lender nationwide.
Short Term Loans
Hard money loans
are short-term real estate loans funded by private investors or institutions. They're typically asset-based loans, meaning the value of the property and your down payment are used for approval not your income as the primary qualification factor.
Since a hard money loan is based primarily on the value of the property, not your income, credit score, or debt-to-income ratio. These loans are ideal for investors needing fast closings for Fix-and-flip projects and property purchases in competitive markets.
Hard Money Loans Fund Fast which is one of the main reasons they are attractive. Instead of waiting 30-45 days for a conventional loan to close, investors can use hard money loans to close in just a few days on properties without an HOA and as fast as 10 days with an HOA.
Soft Money Explained
Soft Money vs Hard Money -this term gets thrown around quite a bit and can mean different things. In the context of real estate loans soft money is any conforming, conventional or goverment back loan program such as FHA Loans, VA Loans and Conventional Mortgages.
These mortgage loans have lower rates and some have very low down payments as low as 3% down. Soft money or conventional financing has strict qualification guidelines and properties of certain types and condition can not be purchased through traditional financing. This is why creative financing or Non-QM Loans are so important.
FHA Loans-3.5% Down Payment for primary residence only. Meant for owner occupied, first time homebuyers and borrowers who need a low down payment option with lower credit score requirements.
VA Loans- Veterans loans, these are true zero down loans with no loan limit. Fantastic loan product for our beloved Veterans!
Conventional Loans- Geared towards more seasoned borrowers with higher credit scores and larger down payments. Property condition is less strict than other soft money loan options. Down payment is typically 20% but can be as low as 3%.
Frequently Asked Questions-FAQ
What is a Non QM Loan?
A Non QM loan is a creative finaincing solution designed for borrowers who may not meet traditional lending guidelines. Unlike conventional loans, Non-QM loans offer alternative income documentation, higher loan limits, and specialized financing options for self-employed borrowers, real estate investors, and high-net-worth borrowers.
Why Choose a Non-QM Loan?
✔ No strict income verification requirements – Qualify using bank statements, rental income, or assets instead of W-2s and tax returns.
Who Benefits from Non QM Loans?
✔ Self-Employed Borrowers – Use bank statements, P&L statements, or 1099 income instead of tax returns.
What is a Hard Money Loan?
Creative Financing with Fast, Flexible, and Short-Term Options with a Quick approval process and asset-based lending strategy.
Do Non-QM Loans Allow Cash-Out Refinancing?
Yes! Many programs offer cash-out refinance options, ideal for home renovations, debt consolidation, or reinvestment.
What Is The Difference Between A Non-Qm And A Conventional Loan?
A Non-QM loan allows alternative income documentation and higher loan flexibility, while a conventional loan follows strict Fannie Mae & Freddie Mac guidelines.
Do Non-QM loans Require Tax Returns?
Not always! Programs like DSCR loans, Bank Statement Loans, and 1099 Loans allow borrowers to qualify without tax returns.
How Fast Can I Close On A Non-Qm Loan?
Non-QM loans typically close within 15-30 days, depending on the program and borrower documentation.
Can I Get A Non-Qm Loan With A Low Credit Score?
Possibly. Some Non-QM loans allow for lower credit scores as low as 620 but most require at least a 660, depending on the loan program.
Explore Your Creative Lending Options
At Non-QM Loans.com, we specialize in connecting you with the right non-conforming loan products tailored to your needs. Whether you're looking for a Bank Statement Loan or a No Limit Loan, we’re here to help you navigate your financing journey.
