01
DSCR loans
Investment-property qualification may focus on the property’s rental cash flow rather than the borrower’s personal income.
Non-QM mortgage options · Virginia and surrounding markets
More ways to document a strong mortgage story.
Non-QM loans use underwriting approaches outside standard agency guidelines. They may help qualified investors, self-employed borrowers and other buyers whose finances are not fully represented by a traditional tax-return analysis.
How it works
Start with the features that shape the decision.
02
Bank-statement loans
Eligible self-employed borrowers may document cash flow using business or personal bank statements.
03
1099-only loans
Certain independent contractors may qualify using eligible 1099 income and program-specific expense treatment.
04
ITIN loans
Some borrowers without a Social Security number may have purchase or refinance options using an eligible ITIN.
05
Second-home solutions
Alternative documentation may be available for qualified second-home buyers when occupancy and property requirements are met.
Plan before you apply
Details to review with Joe.
- Expect larger down payments, reserve requirements or different pricing than agency financing.
- Documentation and qualifying methods vary significantly by investor.
- Prepayment penalties may apply to some investment-property loans where permitted.
- The property, occupancy, credit profile and ability to repay still matter.
Common questions
More ways to document a strong mortgage story FAQ
Does Non-QM mean no qualification?
No. Non-QM loans still require underwriting, documentation and a reasonable determination of the borrower’s ability to repay when applicable.
Are Non-QM loans only for poor credit?
No. Many serve strong borrowers with nontraditional income, complex finances or investment-property goals.
Will the rate be the same as a conventional loan?
Not necessarily. Pricing reflects the program, documentation, property, occupancy, credit, equity and other risk factors.
A clear comparison
See how this option fits your goals.
Joe can review your scenario, explain the tradeoffs and compare available alternatives without the jargon.
Joe Rogers, EVP of Sales – Cornerstone Division and Mortgage Loan Originator, NMLS #188286. For informational purposes only. Loan programs, rates, terms and eligibility are subject to change without notice. All loans are subject to credit approval, property approval and underwriting requirements. Not all applicants will qualify. Equal Housing Opportunity.
Making the dream of homeownership a reality through personal attention, accountable action and a can-do attitude.
Joe Rogers
Mortgage Loan Originator
NMLS #188286
240-603-7883
jrogers@encompasslending.com
Office
2300 Wisconsin Avenue, NW
Suite 100B
Washington, DC 20007
ENCOMPASS LENDING GROUP, LP · NMLS ID #292897 (www.nmlsconsumeraccess.org). Principal licensed office: 23108 Seven Meadows Pkwy, Suite 100, Katy, TX 77494; (281) 693-5363. This is not an offer for an extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. The content on this website is for informational purposes only.
Encompass Lending Group, LP is licensed under the laws of the State of Texas and is subject to regulatory oversight by the Texas Department of Savings and Mortgage Lending. Consumers may obtain complaint information from the department at www.sml.texas.gov or 1-877-276-5550.
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