A Non-Qualified Mortgage (Non-QM) loan is a type of mortgage loan that allows you to qualify based on alternative methods instead of the traditional income verification required for most loans. Common examples include using bank statements to determine a self-employed borrower’s cash flow, qualifying investors based on the cash flow of the investment property, or using assets as income.
How Does a Non-QM Loan Work?
A Non-QM loan allows applicants to qualify based on alternative methods, instead of the traditional income verification required for most loans. Common examples include bank statements or using assets as income.
Is a Non-QM Loan Right for You?
Contact one of our Non-QM Loan specialists to learn more about how a Non-QM Loan works, find out if you qualify, and review your options.
Our easy preapproval process gives you the preliminary answers you need to qualify, so you can borrow the maximum amount you need to purchase your dream home.
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Texas SML - Mortgage Company License - CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
Regulated by the Illinois Department of Financial & Professional Regulation - Illinois Residential Mortgage License # MB.6761251
100 W. Randolph, 9th Floor, Chicago IL 60601 - 1(888) 473-4858 - https://idfpr.illinois.gov
State of Illinois community reinvestment notice - The Department of Financial and Professional Regulation (Department) evaluates our performances in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.
Arizona Mortgage Banker License # 1004354
Delaware Lender License # 027932
NQM Funding, LLC (NMLS # 75597) dba - Premier Mortgage Associates; Villa Home Loans
