Key Characteristics of Non-QM Mortgages:
Flexible Criteria: Income Verification: Non-QM loans often allow alternative methods for verifying income, such as bank statements, asset depletion, or profit and loss statements, rather than traditional tax returns and W-2 forms. Credit Scores: They might be available to borrowers with lower credit scores or those with a limited credit history. Debt-to-Income Ratio (DTI): Non-QM […]