Non-QM

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (213) 880-8107
Price range: $$

Non-Qualified Mortgage — loans that don't meet CFPB's QM rules (debt-to-income limits, amortization structure, ability-to-repay checks in the standard form).

Non-QM isn't unregulated. It still follows Ability-to-Repay rules — but with different documentation or structure. Bank statement, 1099-only, P&L-only, asset depletion, ITIN, foreign national, and DSCR programs are all non-QM.

Non-QM exists for borrowers who are genuinely creditworthy but don't fit the narrow agency box: self-employed with aggressive write-downs, investors scaling past the Fannie limit, retirees with assets but low documented income, recent credit-event recoveries, or non-US-credit foreign nationals.

Non-QM rates run 1–2.5% above comparable conventional, reflecting the non-agency nature. For borrowers who can't close conventionally, it's typically the difference between "loan closes" and "no deal."

Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.

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