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Non-QM loans: thinking outside of the box

Securing a mortgage has often left self-employed individuals and investors feeling overlooked. But what if there were alternative routes to achieving homeownership and pursuing real estate investments? Allow us to introduce you to Non-QM (Non-Qualified Mortgage) loans—a realm of financing alternatives that liberate you from the confines of conventional approaches. If you’ve felt restricted by traditional loan options and seek more innovative financing alternatives, Non-QM loans could be precisely what you need.

What is a Non-QM loan?

A non-QM loan is a type of mortgage that doesn’t meet the “Qualified Mortgage” (QM) criteria set by government regulations. These loans are typically offered to borrowers who don’t fit the standard criteria for traditional mortgages due to a unique financial situation or because they prefer a streamlined documentation process. Non-QM loans are especially advantageous for self-employed individuals and real estate investors, whose complex financial situations may not align with traditional mortgage requirements. These loans offer a streamlined documentation process, making it easier to secure financing for their homes or investments, and in many cases, tax returns aren’t even required.

What type of non-QM loans does Solcosta Home Loans offer?

At Solcosta Home Loans, we’re here to help you find the right mortgage solution for your unique financial goals. Our commitment to innovation extends to non-QM and investor loans. Here we will explore two of the most popular non-QM loan options: bank statement loans and debt-service coverage ratio (DSCR) loans. These choices can be your path to achieving homeownership or realizing your investment dreams.

Bank statement loans: supporting the self-employed

Traditional mortgages often create challenges for self-employed individuals. Stringent income verification, like tax returns, may not accurately reflect their financial stability. Our bank statement loans are designed to tackle these obstacles:

  • Simple documentation: we prioritize convenience by assessing your income using 12 months of bank statements, eliminating the need for tax returns and reducing the paperwork burden!
  • Self-employed-friendly: bank statement loans are crafted with self-employed individuals in mind, making homeownership more accessible.

DSCR loans: focused on property income

Investors looking for income from properties can benefit from our DSCR loans. Unlike traditional mortgages, these loans concentrate solely on the property’s income potential:

  • No personal income checks: DSCR loans skip personal income verification, emphasizing the property’s income potential. That’s right, no tax returns needed here either!
  • Accessible for all: DSCR loans open doors to real estate investment opportunities, regardless of your experience level. Whether you’re a seasoned investor or new to real estate, these loans provide an accessible path. No prior investment property ownership is needed; owning your primary residence is sufficient.

Other Non-QM options

In addition to bank statement loans and DSCR loans, we also provide other non-QM options like 1099-Only and Profit & Loss (P&L) loans. Whether you’re self-employed, exploring investments, or seeking alternatives to traditional mortgages, our non-QM options are tailored to your unique financial situation and goals. Contact us to learn more!


Working with Solcosta Home Loans

• Since we are a mortgage broker and not a bank, we have the ability to shop multiple lenders to get you the best deal possible.

• We offer a wide variety of loan products, and we can help you find the loan that is right for you!

• We are fast and efficient and have the ability to close most of our loans in 18 days or less.

• We are locally owned and operated in Northern California. That means when you call or email us, you will be speaking with us directly.

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