LOAN PROGRAM
Non-QM Loans
Mortgages for self-employed borrowers, investors, and unique income scenarios.
Non-QM (Non-Qualified Mortgage) loans use alternative documentation to qualify borrowers who don’t fit traditional W-2 boxes. Bank statements, asset depletion, DSCR for investors, ITIN, and 1099-only programs all fall under this umbrella.
HIGHLIGHT
Bank Statement Loans
Qualify on 12–24 months of personal or business bank deposits — no tax returns required.
HIGHLIGHT
Asset Depletion
Use liquid assets in lieu of income for high-net-worth retirees and entrepreneurs.
HIGHLIGHT
DSCR for Investors
Qualify investment-property loans on the rental income alone, not personal income.
HIGHLIGHT
Foreign National & ITIN
Programs for borrowers without traditional U.S. credit or income documentation.
Why Non-QM Exists
After 2008, traditional underwriting tightened around W-2 income. But entrepreneurs, investors, and gig-economy professionals often have strong cash flow that doesn’t show on a tax return. Non-QM fills that gap with common-sense underwriting.
What to Expect on Pricing
Non-QM rates are typically 0.5%–1.5% higher than conventional, reflecting the added risk and reduced documentation. For many borrowers, the access alone is worth it — and refinancing into a conventional loan later is always an option.
Documentation by Program
Bank statement: 12–24 months of statements. DSCR: appraisal with rental income analysis. Asset depletion: 60-day asset statements. Dana will match you to the right program before pulling credit.
BEST FOR
- Self-employed borrowers (1+ year history)
- Real estate investors (1–4 unit & multifamily)
- Retirees with substantial liquid assets
- Recent-credit-event borrowers
Other Programs
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