Non-QM Loans are built for borrowers who fall outside traditional lending guidelines. Whether you’re self-employed, a real estate investor, or have alternative income, we offer smart solutions with flexible requirements. At LUMI Funding Group, we’ll help you explore the right Non QM Loan to match your goals and your circumstances.
Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t meet traditional lending guidelines but still have the ability to repay. These flexible loan programs are ideal for self-employed borrowers, investors, and anyone with complex or non-standard income sources who may not qualify for a conventional loan.
Non-QM loans are a great fit for business owners, freelancers, 1099 earners, real estate investors, and retirees using assets instead of income. If your financial profile doesn’t fit into a standard box but you have strong credit or assets, Non-QM loans can provide access to tailored financing.
Yes. Bank statement loans fall under the Non-QM category and allow self-employed borrowers to qualify using 12 or 24 months of personal or business bank statements instead of tax returns. This makes them a powerful solution for entrepreneurs and professionals with fluctuating or seasonal income.
Non-QM loans offer flexibility with documentation. Depending on the loan type, you might use bank statements, asset balances, rental income, or even profit and loss statements instead of W-2s and tax returns. We’ll help match your financial profile to the right documentation path.
Absolutely. Many investors choose Non-QM loans to finance rental properties using rental income instead of personal income. DSCR (Debt Service Coverage Ratio) loans are a popular option under the Non-QM umbrella, allowing the property to qualify based on its own cash flow.
Non-QM loans typically carry slightly higher interest rates than traditional loans because they involve more lender flexibility and risk. However, for borrowers who don’t qualify for standard programs, they offer access to financing that wouldn’t otherwise be available — and often without the strict overlays of conventional guidelines.
At LUMI Funding Group, we understand that not every borrower fits into a traditional lending box — and that doesn’t mean you should miss out on financing. Whether you’re self-employed, investing in property, or working with alternative income, we help you navigate the Non-QM process with confidence.
We offer a wide range of Non-QM loan programs, including bank statement loans, DSCR loans, asset-based loans, and more. Our team takes time to understand your full financial picture, match you with the right loan, and make the process simple from start to finish. If you’ve been told “no” by other lenders, we’ll help you find a smart way forward.
Non-QM loans are built for borrowers who don’t fit the traditional mold — and that can raise a few questions. Here’s what you need to know about how these loans work, who they’re for, and why they’re becoming a go-to option for self-employed and non-traditional buyers.
Non-QM stands for Non-Qualified Mortgage. These are loans that fall outside the standard government or conventional loan guidelines. They offer expanded flexibility for borrowers with alternative income, unique situations, or non-traditional documentation.
No. While strong credit can help improve your terms, Non-QM loans are designed for borrowers with a wide range of credit profiles. Many lenders will work with scores as low as 620, especially if you have strong income, assets, or reserves.
Yes. Non-QM loans include programs that allow you to qualify using bank statements, profit and loss statements, or asset depletion. These are ideal if your income isn’t easily verified through traditional means, such as being self-employed or recently changing income types.
Yes, Non-QM loans are regulated and underwritten responsibly. They’re not the same as the risky subprime loans of the past. Today’s Non-QM loans still require borrowers to demonstrate their ability to repay — they just use different criteria than standard loans.
Definitely. If you don’t qualify for a traditional refinance due to income documentation issues or recent credit changes, a Non-QM refinance may be a strong solution. This can be useful for accessing equity or improving terms without needing tax returns.
Some Non-QM loans may include a prepayment penalty, especially on investment or DSCR loans. However, this varies by lender and loan structure. We’ll walk you through the terms and help you choose the program that makes sense for your goals.
Non-QM loans are designed for borrowers who don’t meet traditional mortgage guidelines but still have strong financial profiles. These loans are ideal for self-employed individuals, real estate investors, 1099 earners, and buyers using assets instead of standard income. Rather than relying on W-2s or tax returns, Non-QM lenders can use bank statements, rental income, or asset documentation to qualify. While interest rates may be slightly higher than conventional loans, Non-QM loans offer flexible and practical solutions for clients with unique income or credit situations. If you’ve been turned away from traditional financing, a Non-QM loan could be the right path to homeownership or investment growth.
