Self-Employed / Non-QM
Your tax returns are written to minimize taxes. Your mortgage shouldn't punish you for it.
Non-QM ("non-qualified mortgage") programs qualify you on what you actually earn rather than what a tax return shows after deductions. Bank statement loans use 12 or 24 months of deposits; P&L loans use a CPA-prepared profit-and-loss; asset-depletion loans use liquid assets.
These are real, fully underwritten mortgages from established wholesale lenders — not hard money — with 30-year fixed and ARM options.
Three steps, start to keys.
Income review
We calculate income the way non-QM lenders do, before you ever apply.
Match the program
Bank statement, P&L, or asset-based — whichever qualifies you cleanly.
Close
Same timeline as a conventional loan on most files.
Are non-QM rates higher?
Somewhat, reflecting the added flexibility. Many clients refinance into conventional later once their returns support it.
Business or personal bank statements?
Either. Business statements use an expense factor; personal statements count deposits.
How long do I need to be self-employed?
Typically two years, though some programs allow one.