Non-QM / Bank Statement
Self-employed and business owners
For self-employed borrowers, business owners, and non-traditional income earners. Qualify using bank statements, asset depletion, or alternative documentation instead of tax returns.
Program Overview
How Non-QM / Bank Statement Loans Work
Non-QM (Non-Qualified Mortgage) loans are designed for borrowers whose income does not fit the standard documentation requirements of conventional, FHA, or VA loans. The most common Non-QM product is the bank statement loan, which uses 12 or 24 months of bank deposits to calculate qualifying income instead of tax returns.
Self-employed borrowers often write off significant business expenses on their tax returns, which reduces their taxable income. While this is smart tax strategy, it can make qualifying for a traditional mortgage difficult because lenders use the lower taxable income figure. Bank statement loans solve this by looking at actual deposits, a more accurate reflection of real earning power.
Beyond bank statements, Non-QM programs include asset depletion loans (qualifying based on liquid assets rather than income), profit-and-loss statement loans (using a CPA-prepared P&L), and 1099 income loans (for independent contractors). Each program is designed to serve a specific type of non-traditional income earner.
Non-QM loans are available for primary residences, second homes, and investment properties. Rates are typically higher than conventional loans, reflecting the alternative documentation and additional risk. However, for borrowers who cannot qualify for a traditional mortgage, Non-QM programs provide a viable path to homeownership or property investment.
Key Features
- 12 or 24 month bank statement income qualification
- Asset depletion loans for high-net-worth borrowers
- Profit-and-loss statement qualifying (CPA-prepared)
- 1099 income programs for independent contractors
- No tax returns required for qualification
- Available for primary, second home, and investment properties
The Process
How It Works
Income Strategy Session
We review your bank statements, assets, and income sources to determine which Non-QM product best reflects your true earning capacity and gives you the strongest qualification.
Documentation and Pre-Approval
Instead of tax returns, you provide 12 or 24 months of bank statements (personal or business), CPA letters, or asset documentation. We package your file for the strongest possible presentation to underwriting.
Underwriting Review
Non-QM underwriters specialize in alternative income documentation. The review is thorough but designed for borrowers like you, not for traditional W-2 employees.
Close on Your Property
Once approved, the closing process is identical to any other mortgage. Non-QM loans offer the same title protections and legal framework as conventional loans.
Ideal Borrower
Who This Program Is For
Non-QM loans serve borrowers who earn well but do not fit into the traditional W-2 income documentation box.
Run the Numbers
Use our calculator to explore payment scenarios, compare options, and see how a non-qm / bank statement loan could fit your financial plan.
Open CalculatorCommon Questions
Non-QM / Bank Statement FAQ
Ready to Explore Non-QM / Bank Statement Loans?
Let our team walk you through the details, run the numbers for your situation, and help you decide if this is the right program for your goals.