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I N S U R E N
5559 S Sossaman Rd Building 1 #101, Mesa, AZ 85212

Office Address

  • 5559 S Sossaman Rd Building 1 #101, Mesa, AZ 85212
  • yjimenez@nexalending.com
  • (786) 976-3299

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Non-QM are Available!

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Buy Your Dream Home With Little Money Down With an Non-QM!

What Is a Non-QM Loan?

A Non-QM (Qualified Mortgage) loan is a type of mortgage that does not meet the standards set by the Consumer Financial Protection Bureau's (CFPB) Qualified Mortgage rule. This means that Non-QM loans do not meet certain requirements related to the borrower's ability to repay, debt-to-income ratio, and other standard underwriting criteria. Non-QM loans are often used for borrowers who may not meet the strict requirements of conventional loans, such as self-employed individuals, those with non-traditional income sources, or borrowers with past credit issues. These loans are often more flexible in their underwriting guidelines but may come with higher interest rates or additional requirements to mitigate the lender's risk.

Non-QM Qualifier!

Documentation required for a Non-QM Loan

Financial Records
Recent bank statements, tax returns, and proof of income are commonly required.
Business Documentation
For self-employed borrowers, business licenses and profit/loss statements may be needed.
Asset Verification
Documentation of other assets such as retirement accounts or investments may be requested.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a repeat buyer. 

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Who qualifies for a Non-QM Loan ?

Here’s how our home loan process works:

Self-employed Individuals

Non-QM mortgages are suitable for self-employed individuals who might not have the standard documentation required for a traditional mortgage.

Credit-Impaired Borrowers

Borrowers with credit issues may qualify for a non-QM mortgage, offering them an alternative to traditional loans.

Investment Property Buyers

Non-QM mortgages can be an option for buyers looking to finance investment properties.

Self-employed Individuals

Non-QM mortgages are suitable for self-employed individuals who might not have the standard documentation required for a traditional mortgage.

Credit-Impaired Borrowers

Borrowers with credit issues may qualify for a non-QM mortgage, offering them an alternative to traditional loans.

Investment Property Buyers

Non-QM mortgages can be an option for buyers looking to finance investment properties.

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