Non-QM Loans — Flexible Mortgages for Self-Employed & Non-Traditional Income
Non-Qualified Mortgage loans for self-employed borrowers, gig workers, and those with variable income. Bank statement, 1099, DSCR, and ITIN loan options in Virginia, Maryland, and DC.
What Are Non-QM Loans?
Non-QM (Non-Qualified Mortgage) loans are designed for borrowers whose income or financial profile does not fit the traditional guidelines required for conventional, FHA, or VA loans. These loans use alternative methods to verify income and qualify borrowers.
The most common Non-QM loan types include bank statement loans (using 12-24 months of bank deposits instead of tax returns), 1099 income loans, DSCR loans for real estate investors, and ITIN loans for borrowers without a Social Security Number.
Non-QM loans are ideal for self-employed borrowers, business owners, freelancers, gig workers, real estate investors, and foreign nationals. In the DC metro area, with its large population of contractors, consultants, and tech entrepreneurs, Non-QM loans provide a path to homeownership for borrowers whose tax returns do not reflect their true earning power.
Frequently Asked Questions
What is a Non-QM loan?
A Non-QM (Non-Qualified Mortgage) loan is designed for borrowers whose income or financial profile does not fit traditional guidelines. It is ideal for self-employed borrowers, gig workers, and those with variable income, using bank statements or 1099s to verify income.
Can I buy a house with an ITIN in Virginia?
Yes, we offer ITIN loans that allow borrowers with an Individual Taxpayer Identification Number to buy a house with as little as 10% down in Virginia, Maryland, and DC, without requiring a Social Security Number.
How do I qualify for a mortgage if I am self-employed?
If you are self-employed, you can qualify for a Non-QM loan using bank statements instead of tax returns. This allows you to use your actual cash flow to qualify, even if your taxable income appears lower.