Non-QM (non-qualified mortgage) loans are for borrowers who are financially solid but don't fit standard agency guidelines.
A good fit for
- Self-employed borrowers
- Real estate investors
- Borrowers with recent credit events
- Retirees or high-asset borrowers with irregular income
How it works
- Common types: bank-statement, DSCR, asset-depletion and interest-only loans
- Lenders look at your whole picture instead of a strict checklist
Keep in mind
- Rates and down payments are typically higher than conventional loans
- Guidelines vary a lot by lender, so shopping matters
Is a Non-QM Loan right for you?
Every lender's guidelines differ — Chip will shop them for you.
Related loan options
This page is general education, not a loan offer or commitment. Terms, eligibility and availability vary by lender and change over time.