Compare DSCR, bank statement, 1099, and asset depletion Non-QM loans with Kamron Kimbrough at reAlpha Mortgage when traditional W-2 guidelines do not fit.
Compare DSCR, bank statement, 1099, and asset depletion Non-QM loans with Kamron Kimbrough at reAlpha Mortgage when traditional W-2 guidelines do not fit.
LOAN PROGRAMS
When tax returns or W-2s do not tell the full story, can help you compare alternative-documentation programs at .
Non-qualified mortgages are for borrowers who do not fit standard QM underwriting — self-employed owners, independent contractors, real-estate investors, and buyers who qualify on assets rather than wages. They are still fully underwritten loans. Programs, rates, and eligibility vary — not all applicants will qualify.
Quick Eligibility Check
Educational suggestions based on typical guidelines — not a credit decision, pre-approval, or a commitment to lend.
Four common Non-QM structures. The right one depends on occupancy, how you earn, and how you can document it.
Debt Service Coverage Ratio loans size an investment property to rent versus the proposed PITIA payment — personal DTI is often secondary.
Self-employed borrowers can average 12 or 24 months of eligible deposits instead of relying on tax-return net income.
Independent contractors and gig-income borrowers can use 1099s and year-to-date figures when a W-2 file does not exist.
Eligible liquid assets are converted into a monthly qualifying income figure when wage income is light.
Haircuts, reserves, and which accounts count vary by investor.
Guidelines change by investor. This is an overview, not a commitment to lend.
If a conventional, FHA, VA, or USDA file works, that path often costs less. Non-QM is the backup when those guidelines do not match how you actually earn or invest.
Self-employed
Bank statement or 1099 programs can use deposits or contractor income when tax returns show heavy write-offs. Conventional still works if the returns support the payment.
Investors
DSCR is built for rentals. It does not replace a primary-residence loan. Cash-out on investment property may also be available subject to LTV and seasoning.
Asset-rich
Asset depletion / qualifier is for documented liquid net worth, not a workaround for recent late payments. Credit, LTV, and reserves still apply.
Get answers to the most common questions about Non-QM loans
Share how you earn — bank deposits, 1099s, rental cash flow, or assets — and will help you compare what may fit.
Helping you explore home loan options with clear information and personal guidance.
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