Compare all 25 Non-QM loan programs
Every Non-QM program we offer, side by side — what each is best for, how income gets documented, and who it fits. Pick your path, then read the program page for the full picture. Guidelines vary by investor and are subject to change.
Popular right now
| Program | Best for | Income documentation | Best-fit borrower |
|---|---|---|---|
| DSCR Investor Loans | Long-term rental properties | Property rental income — no personal income reviewed | Investors building rental portfolios |
| 5–8 Unit DSCR | 5–8 unit residential buildings | Property rental income — no personal income reviewed | Investors scaling into small multifamily |
| Bank Statement Loans | Primary residences & second homes | 12–24 months of bank deposits | Self-employed borrowers whose write-offs hide real income |
| 1099 & Self-Employed | Primary residences & second homes | 1099 earnings and deposits | Contractors, freelancers, and gig-economy earners |
| Asset Utilization | Primary residences & second homes | Liquid assets converted to monthly income | Equity-rich borrowers with little paper income |
| No-Ratio Loans | Primary, second & investment properties | No income disclosed — no DTI calculated | Privacy-minded borrowers with strong credit and reserves |
| 40-Year Mortgage | Lowering monthly payments | Program income docs; 40-year or interest-only structure | Investors and homeowners optimizing cash flow |
| Closed-End Seconds | Tapping equity without touching the first mortgage | Full-income documentation | Borrowers keeping a low first-mortgage rate |
| ITIN Loans | Purchase & cash-out for ITIN holders | Alternative documentation — no SSN required | Borrowers filing with an ITIN instead of an SSN |
| Foreign National | U.S. investment properties | DSCR-style rental income — U.S. income not required | Non-resident investors buying U.S. real estate |
| Bridge & Hard Money | Fast transitional capital | Asset and deal-based qualification | Flippers, builders, and time-sensitive buyers |
| HELOC & Second Mortgages | Revolving access to home equity | Full-income documentation | Homeowners who want flexible equity access |
| Flexible Advantage | Purchase, refinance & cash-out | Bank statements or 1099s — alternative documentation | Borrowers with lower credit profiles or recent credit events |
| Alt-A Premier | Self-employed & agency-fallout borrowers | Full doc or alt-doc — bank statements, 1099s, or P&L | Self-employed borrowers near agency guidelines |
| Near Miss | Recent credit events & unique properties | Alternative documentation — bank statements, 1099s, P&L | Rebuilding borrowers; barndominium, condo & manufactured-home buyers |
| ITIN Home Loans | Purchase & refinance with an ITIN — no SSN | Full or alternative documentation — 12 months history | ITIN holders, including no-credit borrowers |
| FlexFirst HELOC | First-lien HELOC — mortgage + credit line | Full or alternative documentation | Homeowners wanting draw flexibility (not available in Texas) |
| Dual Core | One loan secured by two properties | Full or alternative documentation | Equity-rich buyers short on liquid cash (not available in Texas) |
| Vacant Land Loans | Buildable lots, acreage & recreational land | 12 months income history | Land buyers traditional lenders turn away |
| Business-Purpose Loans | The investor umbrella — rentals, flips, portfolios, construction | Deal-based: rent, value, or project economics | Investors who think in deals, not pay stubs |
| Rental Portfolio Loans | Blanket loan across multiple rentals | Portfolio rental income (DSCR-style) | Landlords with 5+ properties |
| Airbnb & STR Loans | Vacation & short-term rentals | STR income via DSCR structures | Airbnb/VRBO investors |
| Fix & Flip Loans | Rehab projects | Deal-based: price, budget & ARV | Flippers and BRRRR investors |
| Cash-Out Refinance | Pull equity from rentals | DSCR rental income | Investors redeploying equity |
| Ground-Up Construction | New builds from vacant land | Project-based: plans, budget & builder | Investor-builders |
Qualitative comparison — exact terms, pricing, and requirements vary by investor and are subject to change. Contact us for current guidelines.
Quick take on each program
One-line flavor for each — the table above covers the mechanics, these capture the spirit.
DSCR Investor Loans
The flagship: the property's rent qualifies the loan, so investors scale without personal income ever being questioned.
Learn more →5–8 Unit DSCR
DSCR logic for small multifamily — rental income from 5–8 unit buildings qualifies the financing.
Learn more →Bank Statement Loans
Deposits are income. The self-employed workhorse when tax returns understate what you really earn.
Learn more →1099 & Self-Employed
Contractors, freelancers, and gig earners qualify on 1099 earnings — no tax returns, no employer verification calls.
Learn more →Asset Utilization
Savings, brokerage, and retirement accounts convert into qualifying monthly income — no income docs required.
Learn more →No-Ratio Loans
No income disclosed, no DTI calculated. The quietest qualification on the menu for strong profiles.
Learn more →40-Year Mortgage
Stretch the term, shrink the payment — 40-year fixed or interest-only start for cash-flow-sensitive deals.
Learn more →Closed-End Seconds
A fixed second lien, fully funded at closing — reach your equity without disturbing a low first-mortgage rate.
Learn more →ITIN Loans
Homeownership without an SSN — purchase and cash-out options for borrowers filing with an ITIN.
Learn more →Foreign National
U.S. investment property financing for non-resident borrowers — global investors welcome.
Learn more →Bridge & Hard Money
Speed over everything — transitional capital for value-add renovations, quick purchases, and ground-up builds.
Learn more →HELOC & Second Mortgages
Revolving equity access on your terms — tap your equity while keeping your first mortgage untouched.
Learn more →Flexible Advantage
Low-FICO Non-QM with bank statements or 1099s — recent credit events don't end the conversation.
Learn more →Hate paperwork? There's a hub for that.
Six of these programs qualify you with No Tax Returns Required — see every path on our dedicated hub.
Explore No-Tax-Return Options →Program comparison questions, answered
Which Non-QM program is fastest to close?
Bridge and hard money loans are typically the fastest because they're built for speed, while standard DSCR and bank statement purchases commonly close in about 14–21 days once the file is complete. Actual timelines vary by scenario, property, and investor.
Which Non-QM programs require no income documentation at all?
No-ratio loans disclose no income and calculate no DTI. DSCR investor loans review no personal income — qualification is based on the property's rental income. Asset utilization programs document assets rather than income. Identity, credit, and property documentation still apply everywhere.
Can I combine Non-QM programs?
Yes — many borrowers use different programs for different properties, for example DSCR financing for rentals and a bank statement loan for a primary residence. A specialist can structure a multi-property plan around your goals. Submit your scenario and we'll map it out.
What is the difference between a DSCR loan and a bank statement loan?
A DSCR loan qualifies on the investment property's rental income — your personal income is never reviewed. A bank statement loan qualifies you on your personal deposits, making it the usual choice for primary residences and second homes for self-employed borrowers. Read more on comparing income-doc programs.
Which program works with the lowest credit profile?
Flexible Advantage is built for borrowers with lower credit profiles and recent credit events, using alternative documentation instead of tax returns. Exact requirements vary by investor and are subject to change — see the program page or talk to a specialist about your scenario.
Do any of these programs require tax returns?
The income-documentation programs here — bank statement, 1099, DSCR, asset utilization, P&L-only, WVOE, and no-ratio — are designed to qualify you without tax returns. See our No Tax Return Mortgage Options hub for the full breakdown.
Get matched to your program in 60 seconds
No obligation, no hard credit pull to start. NMLS #7861.
Request your scenario review
Want a same-business-day review? Call or text 949-241-9489 — a NonQM Rates specialist will walk through your scenario.
