Bank Statement Loans
Use 12 or 24 months of personal or business bank statement deposits as income evidence — up to $4M. Details →
Non-QM Loans
Flexible non-traditional financing — no longer constrained by W-2 and tax returns. Self-employed owners, cash-business operators, and overseas investors can all qualify.
What is Non-QM
What Is a Non-QM Loan?
Non-QM (Non-Qualified Mortgage) refers to loans that fall outside the Qualified Mortgage standards under Dodd-Frank — most notably, they do not rely on traditional W-2 or tax return documentation to assess income.
For self-employed owners, cash-business operators, and overseas investors, traditional underwriting often fails to reflect actual income capacity. Non-QM uses more flexible documentation — bank statements, asset value, rental income, asset depletion — to qualify a broader population.
GMCC offers a complete Non-QM lineup, and we will match you with the right program.
Product Line
Four Core Non-QM Programs
Each addresses a different income-documentation method and borrower profile.
No Ratio Loans
Verify assets via a single bank statement; DTI ratio not calculated. Suitable for high-asset, lower-W-2-income borrowers in qualifying states.
Asset Depletion
Convert financial assets (stocks, bonds, retirement accounts) into a calculated monthly income to support DTI eligibility.
DSCR Investment Loans
Underwritten on the property's Debt Service Coverage Ratio (rental income vs. monthly mortgage) — no personal income required.
Who Should Apply
Who Benefits from Non-QM?
- Self-EmployedHeavy tax-deduction strategies result in low documented but strong real income
- Cash-Business OperatorsRestaurants, salons, laundry, retail, and similar cash-flow businesses
- Investment Property LandlordsMultiple rental properties; want to qualify on rental income
- High-Asset, Modest-IncomeRetirees, business owners, equity investors
- Foreign Nationals / Overseas ClientsNo SSN/ITIN, using overseas income evidence
- Past Credit Events with Strong AssetsRecovered from a prior bankruptcy or foreclosure
Common Non-QM Eligibility at a Glance
- Credit score 660+ (some programs accept 620+)
- Down payment from 20%–30%, depending on program and property
- Loan amount $150K–$4M (some programs higher)
- Eligible for primary, second home, investment, and short-term Airbnb
- Rates are typically higher than Conventional, but qualifying is more flexible and underwriting more accommodating