Please reach us at broker@mybwf.com or call 619-993-1467 if you cannot find an answer to your question.
Q: What is a Non-QM Loan?
A Non-QM (Non-Qualified Mortgage) loan is designed for borrowers who may not meet traditional income or documentation standards. These loans are ideal for real estate investors, self-employed individuals, and others who need flexible options to qualify.
Q: Who should consider a Non-QM loan?
Non-QM loans are perfect for:
Q: Do I need to show tax returns or W-2s?
No. We offer flexible alternatives like:
Q: What is a DSCR loan and how does it work?
A DSCR (Debt Service Coverage Ratio) loan qualifies you based on the rental income of the property—not your personal income. If the property cash flows, you qualify. Great for investors with strong rentals but non-traditional income.
Q: What’s the minimum credit score required?
We work with credit scores as low as 600, depending on the program and LTV. Better scores may qualify for more favorable terms.
Q: How much can I borrow with a Non-QM loan?
Loan amounts range from $100,000 to $10 million, depending on your scenario. Most borrowers fall between $300K and $4M, with jumbo options available case-by-case.
Q: Can I use a Non-QM loan for investment property?
Yes! Many of our programs are designed for investors. Whether it's a rental, flip, Airbnb, or a new construction deal, we can structure financing that fits.
Q: Can I buy or refinance under my LLC or company name?
Yes. We allow closings under LLCs, corporations, or personal names—whichever works best for your tax and legal structure.
Q: How quickly can I close a Non-QM loan?
Most loans close in 10–21 business days, and rush closings are available in as little as 7 days on certain files.
Q: What’s the typical down payment requirement?
Most programs require 10–25% down, depending on credit, income, and property type. The stronger the file, the less down you may need.
Q: What’s the difference between Non-QM and Hard Money?
Non-QM offers lower rates, longer terms, and full underwriting compared to hard money. It’s a flexible yet more stable option for long-term financing or rental holds.
Q: Are Non-QM loans available in all states?
Yes, we lend nationwide, though certain programs may have state-specific requirements. Contact us to confirm your eligibility.
Q: Will this loan show up on my credit report?
Most Non-QM loans are reported to credit bureaus. However, some business-purpose or LLC-structured loans may not appear on personal credit reports.
Still have questions?
Let’s find the right loan for your situation.
Call now 619-993-1467