List of Top Non-QM Lenders of 2023 – Non-Prime Mortgage Loans

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

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 – Conventional 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

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

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

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).

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).

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,

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).

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.

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.