Your Trusted Partner for Non-QM Loans

You’ll close more deals with HomeXpress Mortgage. Learn about our Non-QM loan programs, specially structured to address your borrowers’ needs.

What is a Non-QM Loan?

A non-qualified mortgage loan is more commonly referred to as a Non-QM loan. Within the mortgage industry, a qualified home loan is one that complies with the requirements set forth by the Consumer Financial Protection Bureau (CFPB) and standards set by the federal government. These include loans sold or insured by entities such as Fannie Mae or Freddie Mac. Not every borrower fits neatly inside a traditional government matrix. Investors, foreign nationals and those who are self-employed, as well as borrowers with credit blemishes, such as foreclosures, low credit scores or prior bankruptcies, may find it difficult to qualify for a conventional loan.

That’s where a Non-QM loan can be helpful. A Non-QM loan can be the solution to help a borrower achieve the American dream of home ownership. Because these are scenarios that do not meet federal standards for qualified or traditional mortgage loans, lenders such as HomeXpress Mortgage have created special loan products to help more Borrowers achieve their goal of home ownership. A Non-QM loan has different underwriting guidelines than conventional or government-backed loans. Non-QM loan lending guidelines follow regulatory guidelines while considering a borrower’s Ability to Repay (ATR), according to the loan’s terms. This includes cash flow through personal or business bank accounts.

Who are Non-Qualifying loans for?

Most often, we find borrowers are in one of three situations that best fit a Non-QM loan:

  • Self-employed borrowers with a lot of income tax write-offs
  • Borrowers with credit blemishes
  • Investors wishing to purchase rental or vacation home properties.

Self-employed borrowers often face more complexity than traditional wage-earning borrowers. A Non-QM loan can help qualify these borrowers with alternative documentation, such as bank statements. Recent (2019) research finds nearly 30% of Americans are self-employed. Two years later, these same Americans will need to provide documentation to qualify for a home loan. We understand, and we’re here for you and your Borrowers. For example, a successful business owner lacking pay stubs may benefit from the more flexible credit requirements of our PrimeX Non-QM Loan. Or an investor with verifiable income, who meets regulatory lending criteria, may be a good fit for the MortgageXpress InvestorX Loan.


Every person has a story. Our non-QM loans help more borrowers achieve the dream of home ownership.

HomeXpress Non-QM Loans – Programs


Lowest rates for consumers who nearly qualified for a traditional loan. Fast turn times, no tax returns required for wage earners. Alternative documents accepted for self-employed borrowers.


For borrowers that have a FICO score as low as 620 – Cash out can be used for reserves!


For investors seeking to grow their portfolios. DSCR between .75%-1.00%! Foreign National, NPRA and ITIN Programs Available.

But is a Non-Qualified loan just a “BAD LOAN” in disguise?

No. This is a common misconception. HomeXpress Mortgage has several Non-QM programs available, each with its own rates and rules. Just like the process for qualified loans, applicants still go through a full review process to assess their ability to make future payments successfully. It is a responsible lending process with the flexibility allowing us to permit alternative documentation to pay stubs and W2’s.

By developing expertise in Non-QM loan products, HomeXpress Mortgage extends the possibility of home ownership to a wider range of prospective home buyers. You’ll find Non-QM loan solutions for business owners with life events that negatively impacted their credit, as well as self-employed professionals who aren’t on a traditional payroll system. You can trust HomeXpress Mortgage, a rising leader in Non-QM loans, to provide tailored solutions and exceptional service.

Become an Approved Broker

Our business is built upon responsible lending. If you have been in the business for at least two years as an licensed broker and would like to provide your customers with Non-QM or bank statement only loans, apply to become a HomeXpress Mortgage approved broker today.

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