Non-QM Loan

A Non-Qualified Mortgage (Non-QM) is a home loan that does not meet the criteria detailed in the Truth in Lending Act federal law. Just because it’s a Non-QM mortgage loan doesn’t necessarily mean it’s high-risk or subprime mortgage risk, and in many cases these mortgage loans require a high FICO score but simply don’t check all the boxes associated with a QM loan. We have Non-QM mortgage loans with features such as a low down payment, and bank statement income for self-employed borrowers.

Non-QM loan features:


Fixed rate or adjustable rate options


Interest only option available

Is a Non-QM mortgage loan right for you?

If your credit has some blemishes, or you’re self-employed and your taxes don’t tell the whole story, a Non-QM loan might be a good fit for you. If you’re someone who needs an alternative mortgage program because you don’t meet the general financing guidelines, a Non-QM mortgage loan might be a good option. Here are some other things to consider when determining if a Non-QM loan is right for you:


You couldn't qualify for a conventional or government-insured loan


You're self employed


You're a real estate investor


You're a foreign national or non U.S. resident


You have excellent credit, but are requesting a loan with higher risk features

Why choose SecurityNational Mortgage for your Non-QM mortgage?

We’re experts with deep experience in underwriting, processing, and closing on Non-QM loans. Let our professionals guide you through the experience!

This is not a commitment to make a loan, nor should it be construed as lending advice. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. SecurityNational Mortgage Company is an Equal Housing Lender NMLS# 3116.

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