Non-Qualified Mortgages (Non-QM)
Flexible mortgage programs for borrowers whose income, assets, or credit profile don't fit the standard "qualified mortgage" box. Because Barrett Financial Group operates as a mortgage broker shopping over 100+ wholesale lenders, Daniel can place Non-QM loans that most banks simply don't offer.
What Is a Non-QM Loan?
A Non-Qualified Mortgage (Non-QM) is a home loan that falls outside the federal "qualified mortgage" guidelines. These loans use alternative methods to verify income and assets, making them a strong fit for borrowers whose financial picture doesn't fit neatly into a W-2 world.
Non-QM doesn't mean risky or subprime — it simply means the lender can use common-sense underwriting instead of a rigid checklist. Daniel Metri works with multiple wholesale Non-QM lenders to match your scenario to the right program and pricing.
As a mortgage broker, Barrett Financial Group is not limited to one bank's product menu. Daniel shops wholesale lending institutions to find the best rates and terms for your Non-QM scenario.
Who Non-QM Loans Fit
- Self-employed business owners and entrepreneurs
- Freelancers, consultants, and 1099 earners
- Real estate investors with complex income
- Buyers using asset-based or bank-statement qualification
- Foreign nationals purchasing in the U.S.
- Borrowers with significant assets but irregular income
Common Non-QM Program Types
Bank Statement Loans
Qualify using 12–24 months of business or personal bank deposits instead of tax returns — ideal for self-employed borrowers whose write-offs reduce reported income.
Asset-Based Qualification
Uses verified liquid assets to calculate qualifying income, suited for retirees or high-net-worth borrowers with strong reserves.
Investor Cash-Flow (DSCR) Loans
Qualify investment properties based on rental cash flow rather than personal income — built for portfolio investors.
Foreign National Programs
Financing for non-U.S. citizens purchasing property here, using alternative documentation and credit review.
General Program Guidelines
Down Payment
Varies
Typically larger than conforming loans
Depends on program & property
Credit Score
Flexible
Solid credit generally preferred
Higher scores = better terms
Income Verification
Alternative
Bank statements, assets, or DSCR
No traditional W-2 required
Reserves
Required
Several months of PITI in liquid assets
Business accounts may count
Pros & Cons
Advantages
- • Qualify without traditional W-2 income
- • Legitimate write-offs don't hurt qualification
- • Available for purchase and refinance
- • Broker shops multiple wholesale lenders
- • Fits investors and self-employed buyers
Considerations
- • Typically higher rates than conforming loans
- • Larger down payment usually required
- • Must show consistent deposits or assets
- • Reserves needed in liquid assets
- • Not every property type qualifies
Disclaimer: All loan program information provided is for general educational purposes only. Actual rates, fees, and terms vary by lender, program, and borrower profile and are subject to change based on market conditions and creditworthiness. A loan approval requires full application review, underwriting, and property approval. This is not a commitment to lend.