Non-QM Loans in Colorado
When your situation doesn't fit the conventional box, Non-QM products open doors that traditional lenders can't. I teach a CE course on this topic, so it's kind of my thing.
Non-QM stands for Non-Qualified Mortgage, and despite how it sounds, there's nothing wrong with it. These are legitimate loan products designed for real-world financial situations that don't check every box on a conventional application. I'm a certified continuing education instructor on Non-QM products for Colorado real estate agents, so I know this space as well as anyone. Whether you've had a recent credit event, you're a foreign national, or your income doesn't fit traditional documentation, there's likely a path forward.
How It Works
Bank Statement Programs
For self-employed borrowers who qualify using deposits instead of tax returns. Available with personal or business statements.
DSCR for Investors
Investment property loans that qualify based on rental income, not personal income. No tax returns required.
Asset Depletion
For borrowers with significant assets but limited traditional income. Common for retirees and high-net-worth individuals.
Recent Credit Events
Programs available for borrowers who've had a bankruptcy, foreclosure, or short sale more recently than conventional guidelines allow.
Foreign National
Loan options for non-US citizens purchasing property in the United States. Different documentation requirements apply.
Interest-Only Options
Lower initial payments with interest-only periods available on certain programs.
Who Is This For?
Common Questions
Are Non-QM loans safe?
Yes. Non-QM doesn't mean subprime. These are regulated products with proper underwriting. The 'non-qualified' label just means they don't meet every specific criterion in the government's Qualified Mortgage definition.
Are rates higher on Non-QM loans?
Generally yes, because the lender is taking on more risk by using alternative documentation or qualification methods. The rate premium varies by product type and borrower profile.
How soon after a bankruptcy can I buy with Non-QM?
Some Non-QM programs allow purchases as soon as one day after a bankruptcy discharge, depending on down payment and credit score. Conventional loans typically require a 2 to 4 year waiting period.
You teach a CE course on this?
Yes. I'm certified to teach a 2-hour Colorado continuing education course on Non-QM loan products. It's approved by the Colorado Division of Real Estate. If you're an agent or broker and want to bring it to your office, reach out.
Ready to talk about your options?
Pick a time on my calendar or give me a call. No pressure, just a straight conversation about what's possible for your situation.