Non-QM Loans: When You Don’t Fit the Mold

There are special situations where you may not qualify for a standard or traditional mortgage—for example, you may have a non-traditional source of income or a low credit score. A Non-QM (non-qualified) mortgage allows you to get a loan based on other factors. If proving income is an issue, we can typically prove your income with your asset or bank statements.

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The Advantages of a Non-QM Loan

Qualify without traditional income requirements

You can use various assets you own to qualify instead of your monthly income. For example, we can prove income by showing regular deposits into an asset or bank account(s).

More relaxed credit requirements

Don’t let a low credit score hold you back—you can usually qualify with a credit score under 600.

Get a mortgage as a foreign national

Without being a US citizen, this is your way to own a piece of the American Dream.

There’s no problem if you have another mortgage

There’s no need to worry about other mortgages you may have since they typically will not stop you from getting a new Non-QM loan.

Do I Qualify for a Non-QM Mortgage?

Getting a Non-QM loan is best for those with special circumstances and those who may not qualify through traditional methods. As an example, Non-QM loans can work in the following situations:

  • You’re self-employed or have a non-traditional income
  • You have a poor credit history
  • You have limited documentation
  • Your debt-to-income ratio is higher than 43%
  • You’re an investor who wants to purchase rental or vacation properties
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Common Questions About Non-QM Loans

The Nikkael Advantage: Attorney Owned and Operated

As an attorney-owned and operated mortgage company, we owe our clients a higher ethical obligation than a traditional mortgage broker. That means our clients have a better experience, with superior service, and an outcome that meets their needs, not ours.

No situation is too complex

No situation is too complex

With a real estate attorney at the helm, there is no situation that is too unique or complex for us to handle. Our highly trained team specializes in complex loans.

We’re also real estate attorneys

We’re also real estate attorneys

Nikkael Home Loans is owned and operated by attorneys who know how to work through challenging matters to find the best solution for you.

There’s no pressure

There’s no pressure

We won’t sell you on a loan—instead, we will educate and inform you about the best options to match your needs.

Robert R.
El Cajon, CA
I was extremely impressed with your handling of the loan – I don’t say that very often. Thanks again.
Elizabeth R.
Los Angeles, CA
We are very grateful to have you as our broker, you have helped us a lot and done a great job from the very beginning.
Allen K.
Sherman Oaks, CA
You did a wonderful job, I don’t think anyone else would have taken the time and put in the effort to get my loan closed.

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Interested in a Non-QM Loan?

We’re a top non-QM mortgage broker in Orange County, and we’re armed with answers to all your questions. Contact us today!

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