Top 10 Non-QM Mortgage Lenders of 2025
After almost completely disappearing from the market due to various market conditions, non-qm loans are available again and are offered by a select group of non-qm mortgage lenders.
Non QM mortgage lenders offer creative financing alternatives for individuals who cannot secure a mortgage approval from a traditional lender.
What is a Non QM Mortgage?
A non QM mortgage is a non-qualified mortgage meaning it does not meet conventional, FHA, VA or USDA standards. Non-QM mortgages allow for borrowers to submit applications without fully documenting income, with employment and credit issues, bankruptcies, or other challenges which would prevent them from securing an approval for a traditional mortgage.
What Sets Non-QM Lenders Apart from Traditional Lenders?
A non QM mortgage lender is a non-traditional lender that specializes in mortgages that are non-conforming or that do not meet conventional or FHA guidelines.
Non QM lenders will typically look for a larger down payment and sometimes higher interest rates in exchange for the additional risk associated with non-QM mortgage borrowers.
With less restrictive underwriting guidelines and qualification requirements, non-QM lenders offer programs for individuals who have been denied by most qualified mortgage lenders.
Underwriting and Documentation Requirements
One of the benefits of non-qualified mortgages is the flexibility to provide financing without the traditional documentation. For example, self-employed borrowers may qualify by providing bank statements instead of tax returns.
There are also mortgage options for individuals who are interested in purchasing real estate but do not have a social security number. Financing for borrowers who may have a recent bankruptcy.
In return for the reduced documentation or credit issues, underwriting guidelines may require a larger down payment and you can expect the interest rate to be slightly higher than what you would expect with a qualified or conventional mortgage.
You may view 10 of the top non-prime lenders that are currently offering non-qm loans in 2025. These loan products are available to help people with lower credit scores, the self-employed, and other types of borrowers that are unable to qualify for conventional financing.
1. Acra Lending
Acra Lending is the largest of all non-qm mortgage lenders, including those that offerbank statement loans. One of the reasons that Acra Lending is so popular is they allow up to a 90% LTV (with no MI) on their 12-month bank statement program. They also offer quite a bit of leniency on credit history, such as accepting credit scores as low as 575.
Highlights:
Max LTV: 90% * Max DTI: 50% * Min Credit: 575 * Loan Amounts: $150,000-$3,000,000
Programs Offered:
12 Month Bank Statement Loans – 3 Month Bank Statement Loans – Jumbo Loans – Asset Depletion Loans – DSCR Business Purpose Loans – Foreign National Mortgages – ITIN Loans – Interest Only Mortgages
States: AL, AR, AZ, CA, CO, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MT, NC, NE, NH, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, & WY
1-732-761-9041
2. Angel Oak Mortgage Solutions
Angel Oak Mortgage Solutions offers a variety of non-qm loan programs, including bank statement loans, 1099 income mortgages, asset depletion loans, jumbo loans, conventional mortgages, and an investor cash flow mortgage program. They offer loan amounts between $150,000-$3,000,000. You can use their quick quote form to see what you may qualify for.
Highlights:
Max LTV: 90% – Max DTI: 50% – Min Credit: 620 – Loan Amounts: $150,000-$3,000,000.
Programs Offered:
12 Month Bank Statement Loans – 1099 Income Loans – Non-Warrantable Condos – DSCR Business Purpose Loans – Asset Depletion – Jumbo Loans – ITIN Loans – Recent Bankruptcies or Foreclosures – No Documentation Loans.
States: AL, AR, AZ, CA, CO, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MT, NC, NE, NH, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, & WY
1-732-761-9041
3. Carrington Mortgage
Carrington Mortgage offers a variety of non-qm loans through their “Carrington Flexible Advantage Series”. This includes options for self-employed borrowers (bank statement loans), and people with various credit issues (they accept credit scores as low as 550, and do not have any seasoning requirements on bankruptcies, foreclosures, or short sales).Highlights:
Max LTV: 90% – Max DTI: 50% – Min Credit: 550 – Loan Limit: $2.5 MillionPrograms Offered:
Bank Statement Loans – Asset Depletion – DSCR Mortgage Loans – Recent Housing Event Program – Conventional Loans – FHA Loans – VA Loans – USDA Loans.
States: AL, AK, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MS, MT, NC, NE, NH, NJ, NV, NY, OH, OK, OR, PA, RI, SD, SC, TN, TX, UT, VA, VT, WA, WI, WV, & WY
1-732-761-9041
4. First National Bank of America
First National Bank of America offers a variety of non-qm loans, including options for self-employed borrowers, as well as people with various credit issues (such as a recent bankruptcy, foreclosure, or short sale).
Highlights:
Max LTV: 85% – Max DTI: 55% – Min Credit: 600 (and no credit score) – Loan Limit: $1.25 Million
Programs Offered:
Bank Statement Loans – P&L Statement Mortgage – Recent Housing Event – ITIN Loans – Asset Depletion
States: Nationwide
1-732-761-9041
5. Northstar Funding
Northstar Funding offers several highly competitive non-qm loan products, including stated income loans, foreign national mortgages, asset depletion loans, bad credit mortgages, and also options for people even just one day out of a bankruptcy, foreclosure, or short sale. They are an FHA approved lender, and work with borrowers with credit scores as low as 500.
Highlights:
Max LTV: 90% – Max DTI: 50% – Min Credit: 500 – Loan Limit: $3 Million
Programs Offered:
Bank Statement Loans – P&L Statement Mortgage – Recent Housing Event – ITIN Loans – Asset Depletion – Conventional Loans – FHA Loans – Jumbo Loans
States: Nationwide (except for CA, IL, NJ, NV, NY, OH, and WA).
1-732-761-9041
6. ACC Mortgage
ACC Mortgage (All Credit Considered Mortgage) offers non-qm mortgage programs to self-employed borrowers, as well as people with various types of credit issues.
Highlights:
Max LTV: 85% – Max DTI: 55% – Min Credit: 620 – Loan Limit: $1.5 Million
Programs Offered:
Bank Statement Loans – P&L Statement Mortgage – Recent Housing Event – ITIN Loans – Asset Depletion
States: Nationwide (except for CA, IL, NJ, NV, NY, OH, and WA).
1-732-761-9041
7. Greenbox Loans
Greenbox Mortgage offers several different non-qm loan products, as well as options for conventional borrowers.
Highlights:
Max LTV: 90% – Max DTI: 50% – Min Credit: 500 – Loan Amounts: $150,000-$3,000,000.
Programs Offered:
12-24 Month Bank Statement Loans – Asset Depletion – Foreign National – ITIN Loans – Recent Housing Events – Interest Only Mortgages – Jumbo Loans – Conventional Loans – FHA Loans – VA Loans.
States: AZ, CA, CO, CT, DE, FL, GA, ID, IL, LA, MA, MD, MI, MS, NV, NJ, NC, OH, OK, OR, PA, TX,
1-877-353-2233
8. A&D Mortgage
A&D Mortgage offers several different non-qm loan products, including multiple options for self-employed borrowers. This includes 2 month, 12 month, and 24 month bank statement loans. They also offer a 2 year CPA P&L program, and a WVOE / 1099 program.
Highlights:
Max LTV: 90% – Max DTI: 55% – Min Credit: 599 – Loan Limit: $1.5 Million
Programs Offered:
Bank Statement Loans – P&L Statement Mortgage – Recent Housing Event – ITIN Loans – Asset Depletion
States: Nationwide (except for CA, IL, NJ, NV, NY, OH, and WA).
1-855-235-6267
9. Impac Mortgage
Impac Mortgage is a non-qm wholesale lender that offers a variety of non-qm and conventional mortgage programs.
Highlights:
Max LTV: 85% – Max DTI: 50% – Min Credit: 660 – Loan Limit: $3 Million
Programs Offered:
Bank Statement Loans – Asset Depletion – Jumbo Loans – Investor Mortgages – Conventional Loans – VA Loans
States: AL, AK, AR, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, and WI.
1-877-310-0970
10. Verus Mortgage Capital
Verus Mortgage Capital is a non-qm wholesale lender that offers non-qm loan products, such as their Prime Ascent Loan Program, which provides borrowers the opportunity to qualify through full or alternative documentation (bank statement loans).
Highlights:
Max LTV: 90% – Max DTI: 50% – Min Credit: 620 – Loan Limit: $3 Million
Programs Offered:
Bank Statement Loans – DSCR Loans – Full Doc Loans – Alt Doc Loans – ITIN Loans – Investor Mortgages.
States: AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MI, MN, MT, NV, NH, NJ, NM, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, and WI.
1-202-534-1816
Types of Non QM Mortgages
There are various type of mortgages that lenders consider to be “Non-QM” or non qualified. The scenarios below are all considered to be non-QM and if any of these pertain to you, it may be possible for you to obtain a mortgage.
- Low Credit Scores
- Recent Bankruptcies or Foreclosures
- No Tax Returns
- Self Employed
- No Social Security Number
- No Job
- Recently Divorced
- High Debt to Income Ratio
- Assets but No Income
Click to speak with a lender who can help
Non-QM Frequently Asked Questions
What are the advantages of working with non QM mortgage lenders?
The advantages of working with non QM lenders are the flexible guidelines and requirements for individuals who cannot qualify for a traditional mortgage.
Do the lenders offer competitive interest rates?
You can expect the rates to be higher than conventional or FHA due to the increased risk taken on by the lenders.
Can I use a non QM loan to purchase investment properties?
Most seasoned investors use non-QM loans to purchase multiple investment properties as it has become industry standard.
How long does the loan application process usually take?
The loan application and approval process is the same as any other mortgage. If you complete the application quickly and provide the required documentation timely, then you can close in less than 30 days.
How do the lenders evaluate self-employed borrowers?
Lenders will evaluate self-employed borrowers based upon their average monthly bank deposits, credit scores, and down payment.
Who are the top non-QM lenders?
The best non-QM lenders may be different for each individual depending upon their circumstances and the type of loan needed. For example, one lender may be best for self employed mortgages while another may be the better option of you have a recent bankruptcy. There are also lenders who service specific states and others who may be a better option for investment properties. We recommend you share your needs with us by completing this short form and we will help to find the best option for you.
Non Qualified Mortgage Facts
