Self-Employed & Non-QM Loans
Traditional mortgage underwriting was built around W-2 income — which leaves a lot of legitimately qualified self-employed borrowers, business owners, and non-traditional earners underserved. Non-QM ("non-qualified mortgage") programs are designed to document income and qualification differently, without abandoning sound underwriting.
Who this program tends to fit
- Self-employed borrowers whose tax returns don't reflect their full cash flow
- Business owners who write off significant expenses
- Borrowers who prefer to qualify using bank statements or a P&L instead of tax returns
- Borrowers using asset depletion, or ITIN borrowers without a Social Security number
How it works
Several documentation paths fall under this umbrella: bank statement loans (qualifying off 12–24 months of personal or business bank deposits), P&L loans (using a profit-and-loss statement, sometimes prepared by a CPA), asset depletion (qualifying using liquid assets rather than income), and ITIN loans (for borrowers who file taxes with an Individual Taxpayer Identification Number rather than a Social Security number). We'll review your specific documentation and income picture to identify which path fits.
Frequently asked questions
What is a bank statement loan?
A loan that qualifies a borrower's income based on bank deposit history — typically 12 to 24 months of personal or business statements — rather than tax returns, which is useful for self-employed borrowers whose tax returns don't fully reflect their cash flow.
Can I get a mortgage without a Social Security number?
Some programs are designed for ITIN (Individual Taxpayer Identification Number) borrowers who file taxes but don't have a Social Security number — eligibility and terms vary by lender and documentation.
Are Non-QM loans more expensive than conventional loans?
Non-QM programs often carry different pricing and terms than conventional loans, reflecting their more flexible documentation standards. We'll compare the actual numbers for your scenario so you can weigh cost against qualification flexibility.
Have questions about Self-Employed & Non-QM Loans?
I'm glad to talk through whether this program fits your specific situation — no pressure, just a clear answer.