Non-QM Programs
Non-QM program insights to help brokers match borrowers with the right solution.
Understanding the Different Types of Second Mortgages
As more borrowers look for liquidity without refinancing, second mortgages are becoming an essential tool for brokers. This article breaks down the key second mortgage options, when each structure makes sense, and why they are gaining traction in non-QM lending as a flexible way to solve for debt consolidation, renovations, investments, and other large expenses.
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Is a Bank Statement Loan the Best Mortgage for the Self-Employed?
Bank statement loans are often the best mortgage solution for self-employed borrowers because they measure real cash flow instead of relying only on tax returns. This article explains why traditional underwriting can disadvantage business owners, how bank statement programs calculate income, who benefits most, what underwriters look for, and when other non-QM options like 1099, P&L, or DSCR loans may be a better fit.
Cross-Collateral Loan Benefits for Real Estate Financing
Real estate investors often have equity spread across multiple properties. This article explains how cross-collateral loans allow borrowers to use portfolio equity across several assets to secure one loan, potentially strengthening leverage for purchases, refinances, or portfolio restructuring. It also outlines when this structure makes sense, common program guidelines, and what brokers should verify early to keep deals moving smoothly.
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What Is a Cross-Collateral Loan and How Does It Work?
A cross-collateral loan allows real estate investors to use multiple properties as collateral for one mortgage, creating a portfolio-level financing strategy instead of structuring one loan at a time. This approach is especially useful in the non-QM space, where flexibility, DSCR qualification, and equity leverage matter more than traditional underwriting limits.
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1099 vs Bank Statement vs Profit and Loss Loans
Self-employed borrowers don’t usually struggle because of credit - they struggle because their income doesn’t fit traditional documentation rules. This guide compares 1099 loans, bank statement loans, and P&L loans, explaining how each option verifies income, when it makes the most sense, and how brokers can structure cleaner, smoother non-QM approvals.
What Is A 1099 Loan?
This guide breaks down who a 1099 loan is best for, how underwriting evaluates income, and the key rules brokers must confirm early - including the 2-year history requirement, the 80% YTD deposit test, and the 25% cap on income increases. When structured correctly, a 1099 loan offers brokers a clean, efficient path to approval for strong self-employed borrowers with real income but complex documentation.
How to Get Approved for WVOE Loans
Getting approved for a WVOE loan isn’t about skipping documentation—it’s about presenting a clear, verifiable employment and income story. This guide explains who qualifies for WVOE loans, how underwriters evaluate employment and deposits, common approval mistakes, and how brokers can structure files correctly from the start to avoid conditions and delays.
Benefits of a WVOE Only Mortgage
A WVOE Only mortgage allows wage and salary borrowers to qualify using an employer-completed verification instead of traditional paystubs, W-2s, or tax returns. This article explains how WVOE Only works, when it makes sense, what underwriters look for, and how brokers can position it to reduce friction while maintaining strong income validation.
What is WVOE in a Mortgage?
WVOE is an alternative income documentation method used primarily in non-QM mortgage lending for wage and salary borrowers. This guide explains what WVOE is, who it’s designed for, how income is verified, common loan structures, and how WVOE compares to bank statement loans, helping brokers place borrowers correctly and keep files clean from the start.
