What is a Non-QM loan, and how is it different from traditional mortgages?

Non-QM (Non-Qualified Mortgage) loans offer alternative financing solutions for borrowers who may not fit traditional loan criteria, typically due to unique income situations, irregular employment, or past credit events. Unlike traditional loans, Non-QM loans emphasize the borrower's overall financial picture rather than standard income or credit benchmarks alone. Learn more in our Non-QM loans page or HUD’s housing programs overview.

Who is a good candidate for a Non-QM loan?

Non-QM loans are ideal for borrowers with unique financial situations, such as:

• Self-employed individuals or small business owners
• Freelancers or contract workers with variable income
• Investors who qualify based on rental property income rather than personal tax returns
• Borrowers recovering from recent financial hardships, like bankruptcy or foreclosure

Explore options in our loan programs.

Does Money Well Lending offer loans that use bank statements instead of tax returns?

Yes. We offer bank statement loans that allow self-employed borrowers to use personal or business bank deposits as proof of income. This loan type simplifies qualification by eliminating the need for traditional tax documentation. See our Non-QM loans page.

Can Non-QM loans be used to finance high-value (jumbo) properties?

Yes, Non-QM loans can finance properties exceeding traditional loan limits. These Jumbo Non-QM loans accommodate borrowers purchasing higher-priced homes, offering flexible underwriting and payment structures, such as interest-only payments.

What type of loan allows real estate investors to qualify using rental income only?

Debt Service Coverage Ratio (DSCR) loans let investors purchase or refinance rental properties based solely on the property's rental income rather than personal income documentation. This is ideal for investors who prefer a straightforward and simplified qualification process. Check our DSCR FAQ.

Are Non-QM loans available if I recently experienced bankruptcy or foreclosure?

Yes. Non-QM loans offer flexible qualification guidelines, allowing borrowers who experienced a foreclosure, bankruptcy, or short sale to qualify significantly sooner compared to traditional mortgages—often within just 1-2 years. Learn more in our mortgage basics.

Can I qualify for a mortgage without traditional employment verification?

Yes. Non-QM loans accommodate borrowers who lack traditional employment verification. By evaluating alternative documentation like bank statements, investment portfolios, or asset-based verification, Money Well Lending can help borrowers secure financing without standard employment records. See our Non-QM loans page.

Can international buyers obtain financing through Non-QM loans?

Absolutely. Foreign nationals without U.S. credit history or standard income documentation can purchase property in the U.S. through specialized Non-QM loans, often based on assets, bank statements, and international financial records. Explore this in our loan programs.

Do Non-QM loans allow interest-only payments?

Yes, many Non-QM loan products offer interest-only payment options. This can benefit borrowers who wish to optimize their cash flow during the early years of the loan, particularly those who plan to resell or refinance within a few years. See our loan programs.

Where does Money Well Lending offer Non-QM financing?

Money Well Lending has successfully provided Non-QM financing solutions across a wide range of markets, from the Pacific Northwest—including cities like Vancouver, WA and Lake Oswego, OR—to locations in California such as Palm Desert, and as far east as Miami, FL. Our focus is to offer flexible mortgage options tailored specifically to each borrower's unique circumstances. Check our loan programs.