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
Acra Lending
Get Free Consultation(844) 422-0331

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Top 5 Best Non-QM Loan Providers of March 2024

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

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CashCallMortgage Logo
  • 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
NASB Logo
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 40 States
View Website(855) 934-1644
Pattern Mortgage Logo

Non-QM Loans Explained

Last Updated: March 2, 2024

Non-QM Loans (also called Non-Qualified Mortgage Loans or Bank Statement Loans) are home loans best suited for small business owners, self-employed individuals, 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 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
Acra Lending
Get Free Consultation(844) 422-0331

Our Partner

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Advertiser Disclosure
  • 15+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 20+ States
View Website(844) 918-1886
MBANC logo
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Specializing in CA, FL, TX, & WA
View Website(310) 963-3352
HighTechLending
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 30+ States
View Website(855) 934-1644
Pattern Mortgage Logo
  • Offers 10 Loan Programs
  • Free Consultation Available
  • Available in 40 States
View Website(855) 934-1644
Pattern Mortgage Logo
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Free Consultation Available
View Website(855) 936-1441
Griffin Funding

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(310) 963-3352

Our Partner

HighTechLending
  • 40+ Years Mortgage Industry Experience
  • Free Consultation Available
  • Available in 40 States
View Website(844) 422-0331
Acra Lending

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(310) 963-3352

Our Partner

HighTechLending
  • Highly Rated & Customer-Focused
  • Free Consultation Available
  • Available in 40+ States
View Website(877) 596-7033
Angel Oak Mortgage Solutions Logo
  • Highly Rated & Customer-Focused
  • Free Consultation Available
  • Available in 40+ States
View Website(877) 596-7033
Angel Oak Mortgage Solutions Logo
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Free Consultation Available
View Website(855) 660-6674
Griffin Funding
  • Federally Chartered Digital Bank
  • Specialized in Non-Traditional Mortgages
  • Available Nationwide
View Website
Quontic Bank Logo
  • Federally Chartered Digital Bank
  • Specialized in Non-Traditional Mortgages
  • Available Nationwide
View Website
Quontic Bank Logo

Quontic
Our #1 Rated Private Mortgage Lender

  • Federally Chartered Digital Bank
  • Available Nationwide
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Get Prequalified

Our Partner

Quontic Bank Logo

Quontic
Our #1 Rated Private Mortgage Lender

  • Federally Chartered Digital Bank
  • Available Nationwide
  • Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Get Prequalified

Our Partner

Quontic Bank Logo

Griffin Funding
Our #1
 Rated Private Mortgage Lender

  • Offers Personalized Assistance
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Free Consultation & Quick Closings
Get Free Consultation(844) 506-2302

Our Partner

Griffin Funding

Griffin Funding
Our #1
 Rated Private Mortgage Lender

  • Offers Personalized Assistance
  • Self-Employed Bank Statement Loans
  • DSCR No Income Investor Loans
  • Free Consultation & Quick Closings
Get Free Consultation(844) 506-2302

Our Partner

Griffin Funding