(800) 321-8100Call the teamWhen income, assets or property type fall outside agency guidelines, the AFN team reviews the specialty programs that may still work.
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American Financial Network, Inc. · Company NMLS #237341
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Non-QM simply means the loan sits outside the Qualified Mortgage rules that shape conventional and government lending. It is not a lower standard — income, assets and credit are still underwritten — but the documentation and guidelines have more room for financial pictures that do not fit a standard box.
The category covers a wide range: bank statement and 1099 income, asset depletion, DSCR investor loans, recent credit events, foreign nationals and unusual property types. Which program fits depends on the specific scenario, which is why the AFN team reviews the details before pointing anywhere.
Multiple businesses, heavy write-offs, commission-heavy pay or income earned through entities.
Retirees and others whose balance sheet is strong even when monthly income looks thin.
Borrowers past a bankruptcy, foreclosure or short sale but still inside agency waiting periods.
Items above are typical examples only. Required documentation varies by program, lender and borrower scenario.
Are Non-QM rates higher?
Pricing generally reflects the added flexibility and the specifics of the scenario. the AFN team can walk through the trade-offs for your situation.
Is this a subprime loan?
No. Non-QM loans are fully underwritten with ability-to-repay documentation; they just use guidelines outside the QM definition.
Which program will I use?
That depends on your income, assets, credit and property. Sending your scenario is the fastest way to narrow it down.
The AFN team works with specialty programs every day. Here’s a quick look at what may fit your situation.
Designed with self-employed borrowers in mind.
For business owners and self-employed borrowers whose tax returns may not fully reflect their cash flow, bank statement programs may provide another way to document qualifying income.
Financing designed around investment-property cash flow.
Debt Service Coverage Ratio loans may allow qualifying real estate investors to use the property's expected or existing rental income as a key part of the qualification process rather than relying solely on traditional personal-income documentation.
More flexibility for borrowers with unique financial situations.
Non-Qualified Mortgage programs can provide additional options when a borrower's income, assets, property type or overall financial picture falls outside traditional agency guidelines.