Mortgage Navigator • Non-QM / Non-Conforming

Recent Credit Events

A recent bankruptcy or foreclosure may close some program doors without closing every mortgage door.

Waiting periods vary

Agency programs have their own waiting-period frameworks. Private non-QM investors may offer different seasoning requirements based on event type, time elapsed, credit recovery, LTV, reserves and other risk factors.

No universal shortcut

Do not publish a single “one day out of bankruptcy” or similar rule as though it applies to all non-QM programs. The exact investor matrix and bankruptcy discharge/dismissal/foreclosure dates matter.

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?