Angel Oak Home Loans
Our #1 Rated Private Mortgage Lender
- Highly Rated & Customer-Focused
- Available in 40+ States
- Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Our Partner
Best Non-QM Loan Providers of 2022: Our Top Picks
If you're self-employed and looking for a home loan, these private lenders are the right ones for you.
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- 20+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40+ States
- Nationwide Direct Lender
- Free Consultation Available
- Available in 40+ States
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40 States
Non-QM Loans Explained
Last Updated: November 12, 2022
Non-QM Loans (also called Non-Qualified Mortgage Loans or Bank Statement Loans) are home loans best suited for small business owners, self-employed individuals, investors, and foreign national borrowers.
Lenders use bank statements or other documents to verify and evaluate a potential borrower's income instead of using W2s or tax returns as they would for a traditional mortgage.
What is a Non-QM Loan?
Advantages
- No W2s, tax returns, or pay stubs required
- Higher debt-to-income ratios are usually accepted
- Often have above average loan limits
- Can be used for both primary residences as well as second homes or investment purchases
Disadvantages
- May have higher interest rates than a traditional mortgage
- Larger down payment may be required
- Not offered by all lenders
Upright Reviews Methodology
Our team rates Non-QM Lenders by taking into account a number of factors such as years in business, number of product offerings, number of states licensed, whether they offer free consultations, customer service quality, and online reviews as well as other criteria. We aim to provide information to consumers to aid them in making a decision on which lender is best suited for them.
- 15+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 20+ States
- Specializing in CA, FL, TX, & WA
- Offers Personalized Assistance
- Free Consultation Available
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 30+ States
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40 States
HighTechLending
Our #1 Rated Private Mortgage Lender
- Specializing in CA, FL, TX & WA
- Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
- Offers Bank Statement Loans and Non-Qualified Mortgage Loans
Our Partner
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40 States
HighTechLending
Our #1 Rated Private Mortgage Lender
- Specializing in CA, FL, TX & WA
- Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
- Offers Bank Statement Loans and Non-Qualified Mortgage Loans
Our Partner
- Highly Rated & Customer-Focused
- Free Consultation Available
- Available in 40+ States
- 40+ Years Mortgage Industry Experience
- Free Consultation Available
- Available in 40 States
Angel Oak Home Loans
Our #1 Rated Private Mortgage Lender
- Highly Rated & Customer-Focused
- Available in 40+ States
- Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
Our Partner
Griffin Funding
Our #1 Rated Private Mortgage Lender
- Offers Personalized Assistance
- Self-Employed Bank Statement Loans
- DSCR No Income Investor Loans
- Free Consultation & Quick Closings
Our Partner
Griffin Funding
Our #1 Rated Private Mortgage Lender
- Offers Personalized Assistance
- Self-Employed Bank Statement Loans
- DSCR No Income Investor Loans
- Free Consultation & Quick Closings
Our Partner
HighTechLending
Our #1 Rated Private Mortgage Lender
- Specializing in CA, FL, TX & WA
- Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
- Offers Bank Statement Loans and Non-Qualified Mortgage Loans
Our Partner
- Self-Employed Bank Statement Loans
- DSCR No Income Investor Loans
- Free Consultation Available
HighTechLending
Our #1 Rated Private Mortgage Lender
- Specializing in CA, FL, TX & WA
- Ideal Mortgage Solution for Self-Employed Individuals, Investors, and Foreign Nationals
- Offers Bank Statement Loans and Non-Qualified Mortgage Loans
Our Partner