Non-QM Mortgages

house in winter for non-qm mortgagesNon-Qm Mortgages are conventional mortgage loans made against a 1-4 unit property that do not meet one or more of the regulations in Dodd/Frank and/or do not respect the ATR (Ability To Repay) Rule that, except for that, would be conforming.

Among the most common programs that are non-QM are those that qualify the borrower based on bank statements, assets, or property cash-flow.