Non-QM Mortgage Navigator
Non-QM Property Types
Non-QM and non-conforming investors can sometimes consider properties that do not fit agency standards, but 'Non-QM' does not mean every unusual property is eligible.
Common complexity
Examples can include non-warrantable condos, condotels, mixed-use properties, acreage, rural collateral, multiple structures and unique luxury homes.
Marketability still matters
An investor may focus on appraisal support, comparable sales, zoning, access, condition and resale marketability.
Property and borrower interact
A strong borrower does not automatically cure unacceptable collateral, and acceptable collateral does not eliminate borrower-level underwriting.
Investor-specific eligibility
Confirm the property type with the actual investor before treating it as financeable.
MortgageDadOf3 guardrail: Non-QM is not one universal guideline. Exact credit, LTV, DTI, reserves, documentation, property, pricing and state eligibility can vary by lender, investor and product. Consumer-purpose loans also remain subject to applicable federal and state law.