In the mortgage world, there are loans that exist beyond the conventional ones, known as non-QM (Non-Qualified Mortgage) loans. But what exactly do these loans entail and who might be eligible to benefit from them? Read on to learn about three of the most common non-QM loans and how they can offer solutions for non-traditional borrowers.
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What Are Non-QM loans and Who Can Qualify?
Non-QM loans are those that don’t meet the strict guidelines set by government-sponsored agencies like Fannie Mae or Freddie Mac. These loans offer flexible and unique opportunities for those who may not fit inside the standard mortgage box. Non-QM mortgages cater to a variety of individuals who find it challenging to secure conventional financing. These include self-employed borrowers, business owners, investors and foreign nationals looking to invest in United States real estate. Next, we’ll uncover three of the most common non-QM loans.
Bank Statement Loans for Self-Employed Borrowers
Entrepreneurs and business owners who write off significant expenses on their tax returns may find it challenging to qualify for traditional mortgages. In this situation, a bank statement loan could be an option, as they do not require tax returns. The loan approval is based on a 12-month average of business-related deposits. With a down payment as low as 10% and no mortgage insurance necessary, bank statement loans provide an attractive alternative for those with fluctuating income streams but a healthy cash flow.
DSCR Loans for Investors
Investors seeking to finance rental properties can benefit from a non-QM loan called DSCR (Debt Service Coverage Ratio). DSCR loans, also known as investor cash flow loans, evaluate eligibility based on the fair market rent value equal to or greater than the total housing payment. With no income or job requirements and only 20% down, these loans are ideal for seasoned investors seeking efficiency and flexibility.
Foreign National Loans
For foreign nationals, non-QM loans offer a path to homeownership in the United States. With three credit reference letters from their home country, foreign nationals can secure financing with a minimum 25% down payment. Asset utilization is permitted as eligible documentation, making the process smoother for those with assets but a limited credit history.
Benefits of Non-QM Loans
The benefits of non-QM loans are clear: flexibility, accessibility, and tailored solutions for a diverse range of borrowers. It’s important to note that while non-QM loans open doors for unconventional borrowers, they may come with slightly higher interest rates or other terms compared to traditional mortgages. You can read more about loan programs to see what else you may qualify for. If you find yourself in a situation where a traditional mortgage is unattainable, don’t lose hope. Reach out to a mortgage professional who can review your special circumstances and help you find a tailored solution to turn your homeownership dreams into a reality. Whether you are self-employed, an investor, or a foreign national, there are options available to help you unlock the doors to your dream home.
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About Acrisure Mortgage
Acrisure Mortgage (formerly FBC Mortgage, LLC) is a Top 10 national mortgage lender headquartered in Orlando, Florida. Licensed in 49 states and supported by more than 19,000 dedicated professionals across Acrisure, we specialize in residential mortgage lending through both retail and wholesale/correspondent channels. Our comprehensive offerings include purchase, refinance, construction and renovation loans—tailored to meet the unique needs of homebuyers, homeowners and partners nationwide.
We are proud to serve as a trusted partner to many of the nation’s largest homebuilders and real estate professionals, with a strong foundation of loyal, satisfied clients. Recognized for our commitment to service, innovation and operational excellence, Acrisure Mortgage has received numerous national accolades, including Top 50 Mortgage Companies, Best in Loan Delivery and Best Place to Work honors.
As part of the Acrisure family, we are backed by a global fintech leader that shares our values of innovation, integrity and service. Together, this empowers us to expand our capabilities, leverage world-class technology and resources, and grow alongside the clients and communities we serve.
All information presented is for educational purposes only and not intended as financial advice. NMLS ID#152859 EHL ©2025.
FBC Mortgage is Now Acrisure Mortgage
FBC Mortgage officially rebranded as Acrisure Mortgage on July 1, 2025. This change reflects the company’s continued alignment with its parent company, Acrisure.
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