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WELCOME TO YOUR LENDING SOLUTIONS
NON-QM Loans
YOUR LENDING SOLUTIONS​
Non-QM Loans
At Your Lending Solutions, we specialize in providing flexible mortgage options tailored for every individual. Whether you're an entrepreneur, property investor, or seeking to qualify for non traditional financing, our diverse range of mortgage solutions is designed to meet your unique financial needs.
Our team of experienced professionals is committed to meeting your deadlines and guiding you through every step of the lending process. Together, we’ll find the ideal mortgage solution from a lender that aligns with your goals.
YOUR LENDING SOLUTIONS​
Our Mortgage Programs Include:
DSCR Rental Investment Property Mortgages
Bank Statement Program
Foreign National Residential Financing
ITIN Mortgages
1099 Mortgage Loans
​YOUR LENDING SOLUTIONS
Non-QM Loans
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YOUR LENDING SOLUTIONS​
Understanding Qualified Mortgage Requirements
The CFPB created specific guidelines for QM loans to ensure that borrowers have stable and affordable loan options. These rules were put in place following the Great Recession of 2007-2009, which left many borrowers in precarious situations due to defaults on subprime mortgages.
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To be classified as a qualified mortgage, a loan must adhere to several protective measures and avoid certain risky features. Key requirements include:
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Ability-to-Repay Rule: Lenders must conduct a thorough assessment to determine if a borrower can manage the loan payments. This involves verifying the borrower’s income, assets, employment, credit score, and monthly financial obligations.
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Prohibited Loan Features: QM loans cannot include negative amortization, interest-only terms, or balloon payments.
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Limits on Loan Amount and Term: The loan must stay within specific APR thresholds based on the loan type and size, with a maximum term of 30 years.
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Points and Fees Cap: For loans over $100,000, points and fees cannot exceed 3% of the total loan amount, with varying limits for smaller loans.
QM loans typically include conventional options backed by Fannie Mae and Freddie Mac, as well as government-supported loans such as FHA, VA, and USDA loans.
​These strict requirements can make qualifying for a mortgage challenging, particularly for those with non-traditional income sources, seasonal employment, or substantial assets but no regular paycheck. Many first-time buyers may feel that homeownership is unattainable because they only know about QM loans. However, non-QM loans present a viable solution.
YOUR LENDING SOLUTIONS​
​Who Should Explore Non-QM Mortgages?
If you’ve faced rejection from traditional QM loans, a non-QM option could be your best next step. They’re particularly suitable for borrowers who might not qualify due to unique circumstances—such as those who have substantial tax write-offs, multiple properties, or retirees with significant liquid assets but no conventional income documentation.
Non-QM loans can help those who feel sidelined by traditional financing avenues. At Your Lending Solutions, we’re here to guide you through the options that can help you secure the home of your dreams, regardless of your financial situation. Let us assist you in exploring these flexible financing solutions!
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Pros
Flexible underwriting
No personal income required
Job history isn't always required
Qualify with as little as 10% down
No reserves required (in some cases)
Credit scores as low as 580 considered
Low or negative DSCR can be considered
Cons
Less safeguards in place for borrowers
Potential for higher interest rates
Higher down payment requirements
Not offered by every lender