Non-QM & Non-Conforming Mortgage Navigator
A borrower who doesn't fit the agency box may still have a legitimate path to mortgage financing.
First: these terms are not interchangeable
Non-conforming broadly means a loan that does not conform to Fannie Mae/Freddie Mac acquisition standards. Jumbo generally describes a loan above the applicable conforming loan limit. Non-QM describes loans outside the Qualified Mortgage definition. And non-QM does not automatically mean subprime.
Ability to repay still matters
For consumer-purpose mortgages covered by Regulation Z, creditors generally must make a reasonable, good-faith ability-to-repay determination. A loan being non-QM does not mean “no underwriting.” CFPB explains that lenders generally consider and document factors such as income/assets, employment, credit history and monthly expenses.
Explore the programs
Consumer-protection references
CFPB Ability-to-Repay / Qualified Mortgage Rule · CFPB: What is a Qualified Mortgage?
Non-QM Underwriting Deep Dive
See how bank statements, 1099s, P&Ls, DSCR, assets, reserves and credit events can be analyzed across investor programs.
Open underwriting deep dive →Specialty Property
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