Non-QM lending gives financial institutions more ways to serve qualified borrowers who fall outside conventional guidelines, helping retain relationships, expand lending opportunities and keep more business in-house. Self-employed borrowers, investors, high-net-worth clients and others with complex income or asset profiles may simply need a different path to qualification.

With a wider range of documentation and financing options, non-QM lending gives lenders more ways to evaluate complex borrower scenarios, identify the right fit and move viable opportunities forward.

Full Doc

Full Doc Non-QM may be a good fit for borrowers who can provide traditional income documentation but fall outside conventional lending parameters. It can accommodate both wage earners and self-employed borrowers and may offer greater flexibility in how income, credit and overall borrower strength are evaluated.

Alt-Doc

Alt-Doc programs are designed for borrowers whose financial picture may not be fully reflected through traditional tax-return documentation. Depending on the scenario, income may be evaluated using bank statements, 1099s, asset utilization, profit-and-loss statements or other alternative documentation.

ITIN

ITIN financing can provide home financing options for eligible borrowers who use an Individual Taxpayer Identification Number rather than a Social Security number. These programs may support a variety of income types and documentation methods.

DSCR

DSCR financing is designed for real estate investors and focuses primarily on the property’s rental income rather than the borrower’s traditional personal income. This can make it a useful option for investors building or managing rental portfolios.

Foreign National

Foreign National programs can provide financing options for eligible non-U.S. citizens purchasing or financing property in the United States. Qualification may be based on traditional documentation, alternative income methods or investment-property cash flow, depending on the scenario.

Non-QM Is About More Than Programs

For lenders looking to broaden their lending capabilities, non-QM can provide another avenue to serve more borrowers and retain opportunities that might otherwise go elsewhere.

With experienced non-QM underwriting, lenders can approach these files with greater confidence while maintaining the careful review and sound decision-making every loan requires. Contact us to hear more!

Programs, eligibility requirements, loan amounts, LTV/CLTV limits, documentation requirements and other guidelines are subject to change and additional restrictions. Contact Gooi for current program guidelines and complete eligibility requirements.

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