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Alternative Lending

Alternative & Non-QM Loans

Not every borrower fits the conventional mold — and that's okay. Non-QM loans offer real financing solutions for real people with unique financial situations.

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What Is a Non-QM Loan?

A Non-QM (Non-Qualified Mortgage) loan is any mortgage that does not meet the Consumer Financial Protection Bureau's "Qualified Mortgage" standards — which are primarily designed around W-2 employment and traditional income documentation.

Non-QM loans are not subprime loans. They are underwritten to a different set of standards that allow lenders to evaluate borrowers based on bank statements, assets, rental income, or other alternative documentation. They are a legitimate and growing segment of the mortgage market, used by millions of creditworthy borrowers who simply don't fit the conventional box.

Non-QM Loan Programs

Flexible programs built for borrowers with non-traditional income, documentation, or credit profiles.

Bank Statement Loans

Qualify using 12–24 months of personal or business bank statements instead of tax returns. Ideal for self-employed borrowers whose write-offs reduce taxable income.

Asset Depletion / Asset Dissipation

Use liquid assets — savings, investments, retirement accounts — as qualifying income. No employment required. Designed for high-net-worth borrowers with significant reserves.

ITIN Loans

Mortgage financing for borrowers without a Social Security number who file taxes using an Individual Taxpayer Identification Number. No citizenship required.

Foreign National Loans

Financing for non-U.S. residents purchasing investment or vacation properties in the United States. Flexible documentation and no U.S. credit history required.

Interest-Only Loans

Lower initial payments by paying only interest for a set period. Useful for investors managing cash flow or borrowers expecting income growth.

DSCR Loans

Qualify based on the rental income of the property, not your personal income. No tax returns, no W-2s — just the numbers on the deal.

Recent Credit Event Loans

Programs available for borrowers with a recent bankruptcy, foreclosure, short sale, or deed-in-lieu. Waiting periods as short as 1 day after discharge in some programs.

1099 Loans

Qualify using 1099 income instead of full tax returns. Built for independent contractors, gig workers, and commission-based earners.

Why Borrowers Choose Non-QM

No tax returns required for most programs
Self-employed, gig workers, and contractors welcome
Loan amounts from $150K to $5M+
Primary, second home, and investment properties
Recent credit events considered
Foreign nationals and ITIN borrowers eligible
Interest-only options available
Fast approvals — decisions in days, not weeks

Who This Is For

Self-employed business owners with high write-offs
Independent contractors and 1099 earners
Real estate investors using DSCR qualification
High-net-worth borrowers with significant assets
Foreign nationals buying U.S. property
ITIN filers without a Social Security number
Borrowers recovering from a credit event
Borrowers with non-traditional income sources

Ready to Explore Your Options?

Non-QM lending is complex — but finding the right program doesn't have to be. Let's review your situation and identify the best path forward.

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Equal Housing Opportunity

We do business in accordance with the Fair Housing Act.

Areas We Serve

Jaime Fernandez is a licensed mortgage loan originator serving borrowers across three states.

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All of Arizona

Licensed statewide

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All of California

Licensed statewide

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All of Nevada

Licensed statewide

Licensing Information

Jaime Fernandez — NMLS #1150756

Nyfty Mortgage LLC — NMLS #2506530 | AZ License #1048500

NMLS Consumer Access

© 2026 LendingPurpose.com — Jaime Fernandez, Senior Mortgage Loan Officer, NMLS #1150756 | Nyfty Mortgage LLC, NMLS #2506530. Licensed in Arizona, California & Nevada. All loan scenarios subject to credit approval, underwriting review, and program guidelines.

Equal Housing Opportunity. Content on this site is for general educational purposes only and does not constitute individualized lending advice, a loan commitment, or a guarantee of loan terms. Rate and payment examples are illustrative. Actual terms depend on your credit profile, loan program, and market conditions at time of application.

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