Non-Qualified Mortgage (Non-QM) loans are typically for borrowers with unique income qualifying circumstances. These loan programs were developed for borrowers who may have the income but don’t qualify with their tax returns, W-2s or pay stubs alone using a Qualified mortgage loan.

Many people have fluctuating incomes, lump sum incomes or are self-employed such as independent business owners, entrepreneurs, contractors, hospitality workers, retirees, actors, artists, musicians, etc.