Don't let tax write-offs keep you from homeownership. Non-QM loans offer flexible qualification for business owners, investors, and anyone with non-traditional income.
Bank statement loans
Some programs assess income using bank statements; documentation requirements vary.
Asset depletion
Qualify using your liquid assets as income.
DSCR loans
Qualify on rental income, not personal income.
1099 income loans
Built for independent contractors and gig workers.
What is a Non-QM loan?
A Non-Qualified Mortgage does not meet all Qualified Mortgage criteria. Depending on the product, its documentation, loan features, pricing and legal protections may differ. The lender must assess the application under the rules that apply.
Self-employed borrowers may qualify for conventional or other standard programs. When documented income does not fit those requirements, we can review available Non-QM alternatives with our wholesale lender and explain their costs and requirements.
Bank statement loans explained
Some programs assess eligible bank deposits, business expenses and supporting records to estimate qualifying income. Documentation periods and expense calculations vary; deposits are not automatically treated as income.
DSCR loans for investors
DSCR programs assess a rental property's income relative to its debt payments. Rental coverage alone does not establish approval: credit, equity, reserves, property eligibility and other lender requirements also apply.
Ideal candidates & program features
Ideal candidates
- Self-employed business owners
- Real estate investors
- Freelancers and independent contractors
- Commission-based professionals
- Recently self-employed individuals
- Foreign nationals and complex-income borrowers
- Retirees with significant assets
Program features
- Alternative income documentation may be accepted by some programs
- Debt-to-income and reserve requirements vary by program
- Loan features and maximum amounts depend on the lender
- Credit history is reviewed under the selected program's requirements
Questions, answered
New Jersey counties where borrowers use this program
Ai Remco LLC is a licensed New Jersey mortgage broker serving borrowers throughout the state. These county pages explain how this program fits local property types, price ranges and municipalities.
- Warren County, NJ
For self-employed borrowers and contractors whose tax returns understate cash flow.
- Morris County, NJ
For files agency guidelines do not fit, and for non-warrantable condominium projects.
- Sussex County, NJ
For non-warrantable condos, unique properties and self-employed income.
- Essex County, NJ
For self-employed borrowers and non-warrantable condominium projects.
- Union County, NJ
For self-employed borrowers and files agency guidelines do not fit.
- Bergen County, NJ
For self-employed borrowers and non-warrantable condo projects.
- Middlesex County, NJ
For self-employed files and borrowers with foreign or non-traditional income.
- Monmouth County, NJ
For self-employed borrowers and non-warrantable shore condominium projects.
- Ocean County, NJ
For self-employed borrowers and non-warrantable coastal condominium projects.
- Hudson County, NJ
The usual answer for non-warrantable projects and self-employed borrowers.
- Passaic County, NJ
For self-employed borrowers and files agency guidelines do not fit.
- Camden County, NJ
For self-employed borrowers and files agency guidelines do not fit.
- Atlantic County, NJ
For self-employed, seasonal-income and non-warrantable condo situations.
- Cape May County, NJ
For self-employed buyers and non-warrantable projects.
Every county we serve is on our New Jersey page.
Ready to explore Non-QM options?
Tell us about your income situation so we can review available programs and their requirements.
Ai Remco LLC, NMLS #2560393. Licensed mortgage broker. This page is for general information only and is not a commitment to lend. All loan applications are subject to credit approval, property appraisal, income and employment verification, and underwriting. Rates, terms, and availability are subject to change without notice and vary by borrower. Equal Housing Opportunity. See our Licensing & Disclosures page.