Non-QM Standard Loans
Non-QM Standard Loans
Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t fit conventional lending guidelines — including self-employed professionals, real estate investors, foreign nationals, and those with unique income documentation. MLG Home Financial offers a full suite of Non-QM programs with flexible qualifying criteria and competitive rates.
Non-QM Loan Programs
DSCR Loan
Ideal for real estate investors who qualify based on property cash flow rather than personal income. DSCR (Debt Service Coverage Ratio) loans use the rental income of the property to determine eligibility — no tax returns or pay stubs required.
Key Highlights:
- Min. FICO: 620
- Max. CLTV: 80%
- No personal income documentation required
- Qualify based on subject property rental income
- Purchase, rate/term, and cash-out refinance eligible
- Short-term rentals (Airbnb / VRBO) eligible
- LLC vesting allowed
Bank Statement Loan
Designed for self-employed borrowers who document income through bank deposits rather than tax returns. Available with 12 or 24 months of personal or business bank statements.
Key Highlights:
- Min. FICO: 620
- Max. CLTV: 90%
- 12 or 24 months bank statements accepted
- Personal or business statements eligible
- No tax returns or W-2s required
- Ideal for business owners, freelancers, and consultants
ITIN Loan
Designed for borrowers who file taxes using an Individual Taxpayer Identification Number (ITIN) rather than a Social Security Number. Ideal for non-U.S. citizens, resident aliens, and immigrants building a credit profile in the United States.
Key Highlights:
- Min. FICO: 660
- Max. CLTV: 80%
- ITIN accepted in lieu of SSN
- Purchase and refinance eligible
- Primary residence and investment properties
- Full doc or bank statement income options
Specialty Non-QM Programs
P&L & Full Doc Non-QM
P&L Statement Loan
Qualify using 1 or 2 years of Profit & Loss statements prepared by a licensed CPA. No tax returns or W-2s required. Ideal for self-employed borrowers whose tax returns don’t reflect actual business income.
- Min. FICO: 660 | Max. CLTV: 80%
- 1-year or 2-year P&L accepted
- CPA-prepared statement required
- Primary, second home, and investment property eligible
Full Doc Non-QM
Traditional income documentation with Non-QM underwriting flexibility — accommodating higher DTI ratios, recent credit events, and non-warrantable properties that don’t qualify under conventional guidelines.
- Min. FICO: 620 | Max. CLTV: 90%
- W-2, tax returns, or pay stubs accepted
- Higher DTI ratios allowed
- Non-warrantable condos and unique property types eligible
Specialty Programs
In addition to our core Non-QM programs, we offer the following alternative documentation and specialty loan options:
P&L Statement Loan
Qualify using 1 or 2 years of Profit & Loss statements prepared by a CPA. Ideal for self-employed borrowers with complex tax returns. Min. FICO 660 | Max. CLTV 80%
Full Doc Non-QM
Traditional income documentation with Non-QM guidelines — higher DTI ratios, recent credit events, and unique property types accepted. Min. FICO 620 | Max. CLTV 90%
1099 Loan
Qualify using 1 or 2 years of 1099 income — no tax returns required. Perfect for independent contractors and gig economy workers. Min. FICO 620 | Max. CLTV 85%
WVOE (Written Verification of Employment)
Qualify using a written verification of employment letter from your employer. No pay stubs or tax returns needed. Min. FICO 620 | Max. CLTV 80%
Asset Utilization
Use your liquid assets (bank accounts, investments, retirement funds) as qualifying income. Ideal for retirees and high-net-worth borrowers. Min. FICO 620 | Max. CLTV 80%
Foreign National Programs
Purchase or refinance U.S. real estate without a U.S. credit history. Available as DSCR, Full Doc, or Asset Utilization. Min. FICO 660 | Max. CLTV 75%
Need help deciding?
Our experts make it easy to secure the perfect loan whether you're starting fresh or refinancing smarter
We are your Trusted partner in home financing.
We have been helping customers afford the home of their dreams for many years and we love what we do.
Resources
Contact us
- 3570 NW 87th Avenue suite 700, Doral, FL 33178
- (786) 689-2939
- office@mlghomefinancial.com
Follow us
NMLS ID: 2159915