Acra Lending
Our #1 Rated Private Mortgage Lender

40+ Years Mortgage Industry Experience
Available in 40 States
Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Offers 10 Loan Programs Including Bank Statement Loans and Jumbo Non-Qualified Mortgage Loans

Get Free Consultation (844) 422-0331

Our Partner

Top 5 Best Non-QM Loan Providers of April 2025

Need a home loan?
These private lenders don't require a W2 or tax return.

Legal

20+ Years Mortgage Industry Experience
Free Consultation Available
Available in 40+ States

View Website (866) 708-5626

Nationwide Direct Lender
Free Consultation Available
Available in 40+ States

View Website (800) 677-6272

Non-QM Loans Explained

Last Updated: April 20, 2025

Non-QM Loans (also called Non-Qualified Mortgage Loans or Bank Statement Loans) are home loans best suited for small business owners, individuals who have been self-employed for at least two years, investors, and foreign national borrowers.
Lenders use bank statements or other documents to verify and evaluate a potential borrower's income instead of using W2s or tax returns as they would for a traditional mortgage.

What is a Non-QM Loan?

Advantages

No W2s, tax returns, or pay stubs required
Higher debt-to-income ratios are usually accepted
Often have above average loan limits
Can be used for both primary residences as well as second homes or investment purchases

Disadvantages

May have higher interest rates than a traditional mortgage
Larger down payment may be required
Not offered by all lenders

Independent Reviewer Methodology

Our team rates Non-QM Lenders out of 5 stars, with 5 being the highest, by taking into account a number of factors such as years in business, number of product offerings, number of states licensed, whether they offer free consultations, customer service quality, and online reviews as well as other criteria. We aim to provide information to consumers to aid them in making a decision on which lender is best suited for them.

Acra Lending
Our #1 Rated Private Mortgage Lender

40+ Years Mortgage Industry Experience
Non-QM Industry Leader
Available in 40 States
Ideal Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Offers 10 Loan Programs Including Bank Statement Loans and Jumbo Non-QM Loans

Get Free Consultation (844) 422-0331

Our Partner

Disclosure Contact Us

Advertiser Disclosure

15+ Years Mortgage Industry Experience
Free Consultation Available
Available in 20+ States

View Website (844) 918-1886

Self-Employed Bank Statement Loans
DSCR No Income Investor Loans
Specializing in CA, FL, TX, & WA

View Website (408) 809-3622

40+ Years Mortgage Industry Experience
Free Consultation Available
Available in 30+ States

View Website (855) 934-1644

Self-Employed Bank Statement Loans
DSCR No Income Investor Loans
Free Consultation Available

View Website (844) 506-2302

HighTechLending
Our #1 Rated Private Mortgage Lender

Specializing in CA, FL, TX & WA
Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Offers Bank Statement Loans and Non-Qualified Mortgage Loans

Get Free Consultation (408) 809-3622

Our Partner

20+ Years Mortgage Industry Experience
Free Consultation Available
Available in 40 States

View Website (844) 422-0331

HighTechLending
Our #1 Rated Private Mortgage Lender

Specializing in CA, FL, TX & WA
Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Offers Bank Statement Loans and Non-Qualified Mortgage Loans

Get Free Consultation (408) 809-3622

Our Partner