Credit Analyzer

Get instant insights into which Non-QM programs you may qualify for based on your credit profile. This is a preliminary analysis—final approval depends on full documentation review.

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This analysis is for informational purposes only and does not constitute a loan approval or commitment.

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Disclaimer: This Credit Analyzer provides a preliminary assessment based on limited information. It does not constitute a pre-approval, loan commitment, or guarantee of financing. Actual loan eligibility, terms, rates, and program availability depend on a comprehensive review of your complete financial profile, property details, and lender-specific guidelines. Credit scores, down payment requirements, and other criteria vary by lender and program. Always consult with a licensed mortgage professional for accurate qualification and program recommendations.

Free: Non-QM Credit Recovery Checklist

Download the checklist our specialists use to help borrowers with credit challenges find the right Non-QM program.

Frequently Asked Questions

Common questions about Non-QM loan eligibility and credit requirements.

Most Non-QM programs accept credit scores starting at 620. Some programs go as low as 500 with compensating factors such as a larger down payment (20%+) or significant liquid reserves. Bank Statement loans typically require 620+, DSCR loans 620+, and Asset Depletion loans 660+.
Yes. Non-QM lenders have much shorter seasoning requirements than conventional lenders. Some programs allow borrowers to apply as soon as 1 day after a Chapter 7 discharge or foreclosure, depending on the LTV and credit profile. Chapter 13 may require 12-24 months of on-time payments.
A DSCR (Debt Service Coverage Ratio) loan qualifies based on the rental income of the investment property, not your personal income. If the property's gross rent divided by the total monthly mortgage payment is 1.0 or higher, you typically qualify. No W-2s or tax returns are required.
A Bank Statement loan uses 12 or 24 months of personal or business bank statements to calculate income instead of tax returns. It is designed for self-employed borrowers, freelancers, and business owners whose tax returns understate their actual cash flow due to write-offs.
An Asset Depletion loan allows you to use liquid assets (savings, investments, retirement accounts) as qualifying income. The lender divides your total assets by the loan term (typically 360 months) to calculate a monthly income figure. Ideal for retirees or high-net-worth individuals with low monthly income.
Most Non-QM programs require 10-20% down for primary residences and 20-25% for investment properties. Borrowers with lower credit scores or recent credit events may be required to put down more. Some programs allow 10% down with strong compensating factors.
Non-QM rates are typically 0.5%-2% higher than conventional rates, reflecting the additional flexibility. The premium varies by program, credit score, LTV, and documentation type. For borrowers who cannot qualify conventionally, Non-QM is often the only viable path.
A 1099 loan uses 1 or 2 years of 1099 forms to verify income instead of tax returns. It is designed for independent contractors, gig economy workers, and commission-based earners who receive 1099s rather than W-2s.
Yes. Foreign National programs allow non-US citizens and non-permanent residents to purchase or refinance US investment properties. These programs typically require a larger down payment (30-40%), a valid passport, and proof of foreign income or assets.
Non-QM loans typically close in 21-30 days with complete documentation. The biggest delays come from missing documents. Having your bank statements, tax returns (if applicable), and property documents ready before applying significantly speeds up the process.