Mortgage Navigator • Non-QM / Non-Conforming

Owner-Occupied Non-QM

Non-QM does not mean consumer protections disappear.

Ability-to-repay

CFPB states that, with specified exceptions, creditors generally must make a reasonable and good-faith determination that a consumer can repay a covered residential mortgage according to its terms.

QM vs Non-QM

Qualified Mortgage status provides specified legal protections when requirements are met. A loan outside the QM definition can still be made when applicable law and underwriting requirements are satisfied.

Product-specific guidelines matter. Non-QM and non-conforming products are private-investor programs. Documentation, credit, LTV, reserves, property, prepayment terms where legally permitted, and other requirements vary by investor, lender, occupancy and loan purpose. Examples here are educational—not universal eligibility promises.

Consumer-protection references

CFPB Ability-to-Repay / Qualified Mortgage Rule · CFPB: What is a Qualified Mortgage?