What is a bank statement loan?

A bank statement loan uses 12-24 months of personal or business bank statements to verify income instead of W-2s and tax returns. The lender calculates your qualifying income based on average monthly deposits, making it ideal for self-employed borrowers.

A Profit & Loss loan allows you to qualify using a CPA-prepared profit and loss statement covering the most recent 12-24 months. This is popular with business owners whose tax returns show lower income due to legitimate write-offs.

What is an ITIN loan?

An ITIN loan is for borrowers who have an Individual Taxpayer Identification Number but not a Social Security number. These loans allow non-citizens to purchase property in the U.S. with alternative credit documentation.

Are Non-QM loans safe?

Yes. Non-QM loans are fully legal and regulated. The term simply means they do not meet the Consumer Financial Protection Bureau's Qualified Mortgage rules, usually because of alternative income documentation. They still require ability-to-repay verification.

Can I get a Non-QM loan for an investment property?

Yes. Non-QM programs are available for primary residences, second homes, and investment properties. DSCR loans, which qualify based on rental income, are a popular Non-QM option for investors.

What credit score do I need for a Non-QM loan?

Most Non-QM programs require a minimum credit score of 620, though some programs accept scores as low as 580 with compensating factors such as a larger down payment or significant reserves.

Residential Mortgage

Non-QM Loans

Flexible mortgage solutions for borrowers who do not meet traditional lending criteria. Includes bank statement loans, P&L loans, and ITIN loans for self-employed and non-traditional income earners.

Explore Non-QM Options Calculate Payment

Is This Loan Right for You?

A Non-QM loan is right for you if you are self-employed, a business owner, or a gig worker whose tax returns do not reflect your true earning power. Bank statement and P&L programs let you qualify based on actual cash flow rather than tax returns.

Video coming soon

Requirements

Key Loan Requirements

Min Credit Score

620+

Min Down Payment

10%

Max LTV

90%

Max DTI

50%

Loan Limits

Up to $3 million depending on program

PMI / MIP

No traditional PMI; rate reflects risk adjustment

Occupancy

Primary, secondary, or investment property

Features

Key Features

Bank statement loans (12-24 months of statements instead of W-2s)
Profit & Loss statement-based qualification
ITIN loans for borrowers with Individual Taxpayer Identification Numbers
Ideal for self-employed, business owners, and gig workers
Flexible income documentation requirements

Process

How It Works

Initial Consultation

We review your unique income situation and determine which Non-QM program is the best fit: bank statement, P&L, asset depletion, ITIN, or another option.

Application & Documentation

Instead of W-2s and tax returns, you provide 12-24 months of bank statements, a CPA-prepared P&L statement, or other alternative documentation based on your program.

Underwriting & Approval

A specialized Non-QM underwriter reviews your bank statement deposits, business cash flow, or alternative income documentation to verify qualifying income.

Closing & Funding

Complete your closing documents and fund your loan. Non-QM loans close on a similar timeline to conventional loans, typically 30-45 days.

Estimate Your Payment

Purchase Price

Down Payment20%

Loan Term

Interest Rate

Annual Property Tax

Annual Insurance

Monthly HOA

Results

Principal & Interest$2,128.97

Property Tax$416.67

Insurance$150

Total Monthly Payment$2,695.64

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.

Pros & Cons

Advantages and Considerations

Advantages

Qualify using bank statements or P&L instead of tax returns
Self-employed borrowers can use actual cash flow rather than net taxable income
ITIN loans available for borrowers without a Social Security number
Higher loan amounts available than many conventional programs

Considerations

Interest rates are typically 0.5-2% higher than conventional loans
Larger down payments usually required (10-20%)
Fewer lender options means less rate competition

FAQ

Frequently Asked Questions

Also Consider

Explore other loan products that might be a good fit for your needs.

DSCR

Debt Service Coverage Ratio loans for real estate investors. Qualification is based on the property's rental income rather than personal income, making it ideal for portfolio builders.

Foreign National

Mortgage solutions for non-U.S. citizens looking to purchase property in the United States. Competitive rates and terms with no Social Security number required.

Conventional

A traditional mortgage not insured by the federal government. Ideal for borrowers with strong credit and stable income who want competitive rates and flexible terms.

Ready to Get Started?

Apply online in minutes or call us to speak with a loan advisor about your Non-QM options.

Explore Non-QM Options (714) 399-6361

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.

Residential Mortgage

Non-QM Loans

Flexible mortgage solutions for borrowers who do not meet traditional lending criteria. Includes bank statement loans, P&L loans, and ITIN loans for self-employed and non-traditional income earners.

Explore Non-QM Options Calculate Payment

Is This Loan Right for You?

Video coming soon

Requirements

Key Loan Requirements

Min Credit Score

620+

Min Down Payment

10%

Max LTV

90%

Max DTI

50%

Loan Limits

Up to $3 million depending on program

PMI / MIP

No traditional PMI; rate reflects risk adjustment

Occupancy

Primary, secondary, or investment property

Features

Key Features

Bank statement loans (12-24 months of statements instead of W-2s)
Profit & Loss statement-based qualification
ITIN loans for borrowers with Individual Taxpayer Identification Numbers
Ideal for self-employed, business owners, and gig workers
Flexible income documentation requirements

Process

How It Works

Initial Consultation

We review your unique income situation and determine which Non-QM program is the best fit: bank statement, P&L, asset depletion, ITIN, or another option.

Application & Documentation

Instead of W-2s and tax returns, you provide 12-24 months of bank statements, a CPA-prepared P&L statement, or other alternative documentation based on your program.

Underwriting & Approval

A specialized Non-QM underwriter reviews your bank statement deposits, business cash flow, or alternative income documentation to verify qualifying income.

Closing & Funding

Complete your closing documents and fund your loan. Non-QM loans close on a similar timeline to conventional loans, typically 30-45 days.

Estimate Your Payment

Purchase Price

Down Payment20%

Loan Term

Interest Rate

Annual Property Tax

Annual Insurance

Monthly HOA

Results

Principal & Interest$2,128.97

Property Tax$416.67

Insurance$150

Total Monthly Payment$2,695.64

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.

Pros & Cons

Advantages and Considerations

Advantages

Qualify using bank statements or P&L instead of tax returns
Self-employed borrowers can use actual cash flow rather than net taxable income
ITIN loans available for borrowers without a Social Security number
Higher loan amounts available than many conventional programs

Considerations

Interest rates are typically 0.5-2% higher than conventional loans
Larger down payments usually required (10-20%)
Fewer lender options means less rate competition

FAQ

Frequently Asked Questions

Also Consider

Explore other loan products that might be a good fit for your needs.

DSCR

Debt Service Coverage Ratio loans for real estate investors. Qualification is based on the property's rental income rather than personal income, making it ideal for portfolio builders.

Foreign National

Mortgage solutions for non-U.S. citizens looking to purchase property in the United States. Competitive rates and terms with no Social Security number required.

Conventional

A traditional mortgage not insured by the federal government. Ideal for borrowers with strong credit and stable income who want competitive rates and flexible terms.

Ready to Get Started?

Apply online in minutes or call us to speak with a loan advisor about your Non-QM options.

Explore Non-QM Options (714) 399-6361

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.

Non-QM Loans

Is This Loan Right for You?

Key Loan Requirements

Key Features

How It Works

Initial Consultation

Application & Documentation

Underwriting & Approval

Closing & Funding

Estimate Your Payment

Results

Advantages and Considerations

Advantages

Considerations

Frequently Asked Questions

Also Consider

DSCR

Foreign National

Conventional

Ready to Get Started?

Non-QM Loans

Is This Loan Right for You?

Key Loan Requirements

Key Features

How It Works

Initial Consultation

Application & Documentation

Underwriting & Approval

Closing & Funding

Estimate Your Payment

Results

Advantages and Considerations

Advantages

Considerations

Frequently Asked Questions

More Questions About Non-QM Loans

Also Consider

DSCR

Foreign National

Conventional

Ready to Get Started?

More Questions About Non-QM Loans