Non-QM Mortgage Program

A non-QM loan program for self-employed borrowers that uses profit and loss statements for income qualification instead of tax returns or bank statements.

Underwriting at a glance

Minimum FICO
660+
Max LTV (purchase / rate-term)
80%
Max LTV (cash-out)
-
Loan amount
? - $2,500,000
Documentation
p-and-l
States
most states

Highlights

  • No tax returns or bank statements required
  • 12 or 24 month P&L prepared by licensed third party tax preparer
  • 1x30 mortgage late payment history allowed
  • 80% Max LTV
  • Min 660 FICO Score
  • 1x30x12 Allowed
  • Up to $2.5M Loan Amount
  • 1–4 Unit Properties & Non-Warrantable Condos OK
  • 12 or 24 Mo. P&L prepared by licensed 3rd party tax preparer

Want to see if you qualify?

Tell us about your scenario - we'll come back with current pricing and exact guidelines.

Program guidelines and rates can change at any time without notice. Last confirmed 7/31/2026. Not a commitment to lend.

Today's mortgage rates

Conventional

6.250%

6.288% APR

FHA

5.750%

5.780% APR

VA

5.750%

5.780% APR

Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.

Have a term sheet or loan estimate?

Upload a competing offer. We'll show you what we can save you.

Backed by a $2,000 Best Price Guarantee. Terms

Not ready to apply?

No pressure. Reach out with your scenario and we'll get back to you with a same-day response.

Jennifer Kirby

Rate Direct is run by Jennifer Kirby. Every loan is originated personally through Loan Factory Inc. Every email, text, and call comes from us directly, and we never sell your information.

NMLS# 2672337 Loan Factory Inc., NMLS# 320841

jennifer@ratedirect.netjennifer.kirby@loanfactory.com

Backed by Loan Factory's $2,000 Best Price Guarantee

Find a lower rate elsewhere? We'll beat it or pay you $2,000. Send your competing Loan Estimate and we'll return a side-by-side comparison the same day.