$285,000
Median Home Price
$240,000
Avg. Loan Amount
220K
Population
10+
Licensed Lenders
Key Huntsville Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Hampton Cove
$425KGolf community, upscale
Madison
$350KFast-growing suburb
Downtown Huntsville
$275KTech corridor, young professionals
Huntsville Real Estate Market
Why Non-QM loans are popular in Huntsville
Growing demand for flexible mortgage solutions in Huntsville
Self-employed professionals benefit from bank statement loan programs
Real estate investors use DSCR loans for rental property financing
Non-QM loans available for borrowers with recent credit events
Frequently Asked Questions
Common questions about Non-QM loans in Huntsville
What is the minimum credit score for Non-QM loans in Huntsville?
Most Non-QM lenders serving Huntsville require a minimum credit score of 620-660, though some programs accept scores as low as 580 with compensating factors like larger down payments.
Can I get a bank statement loan in Huntsville, Alabama?
Yes, bank statement loans are available in Huntsville. Self-employed borrowers can qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
What are DSCR loan requirements in Huntsville?
DSCR loans in Huntsville typically require a debt service coverage ratio of 1.0 or higher, meaning the property's rental income must cover the mortgage payment. No personal income verification is needed.
How much can I borrow with a Non-QM loan in Huntsville?
Non-QM loan amounts in Huntsville typically range from $100,000 to $3 million or more. With a median home price of $285,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Huntsville?
The most popular Non-QM programs in Huntsville include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.