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
Our Partner
Top 5 Best Non-QM Loan Providers of September 2023
Need a home loan?
These private lenders don't require a W2 or tax return.
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- 20+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40+ States
- Nationwide Direct Lender
- Free Consultation Available
- Available in 40+ States
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40 States
Non-QM Loans Explained
Last Updated: September 12, 2023
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
Our Partner
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
Our Partner
- 15+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 20+ States
- Self-Employed Bank Statement Loans
- DSCR No Income Investor Loans
- Specializing in CA, FL, TX, & WA
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 30+ States
- Self-Employed Bank Statement Loans
- DSCR No Income Investor Loans
- Free Consultation Available
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
Our Partner
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40 States
- Highly Rated & Customer-Focused
- Free Consultation Available
- Available in 40+ States
- Highly Rated & Customer-Focused
- Free Consultation Available
- Available in 40+ States
- Self-Employed Bank Statement Loans
- DSCR No Income Investor Loans
- Free Consultation Available
- Federally Chartered Digital Bank
- Specialized in Non-Traditional Mortgages
- Available Nationwide
- Federally Chartered Digital Bank
- Specialized in Non-Traditional Mortgages
- Available Nationwide