$785,000
Median Home Price
$650,000
Avg. Loan Amount
85+
Licensed Lenders
12+
Major Markets
California Real Estate Market
Why Non-QM loans are popular in California
Highest home prices in the nation require flexible income documentation
Large self-employed population benefits from bank statement loans
Strong rental market makes DSCR loans popular for investors
Tech industry professionals often have complex income structures
Foreign national buyers active in coastal markets
Jumbo Non-QM loans available up to $3M+ in high-cost areas
Popular Non-QM Programs in California
These loan programs are especially popular among California borrowers
Top California Markets We Serve
Non-QM lending available throughout California
California Lending Regulations
California is regulated by the Department of Financial Protection and Innovation (DFPI). All mortgage lenders must be licensed under the California Financing Law (CFL) or the California Residential Mortgage Lending Act (CRMLA). Non-QM loans must comply with state usury laws and disclosure requirements.
California Non-QM Loan FAQs
Common questions about Non-QM loans in California
What are the loan limits for Non-QM loans in California?
Non-QM loans in California can go up to $3 million or more depending on the lender. High-cost areas like San Francisco, Los Angeles, and San Diego often have higher limits available.
Can I get a Non-QM loan for an investment property in California?
Yes! DSCR loans are very popular for California investment properties. You can qualify based on the property's rental income rather than your personal income, making it easier to scale your portfolio.
What credit score do I need for a Non-QM loan in California?
Most California Non-QM lenders require a minimum credit score of 620-660, though some programs are available down to 580. Higher credit scores typically get better rates.
Are Non-QM loans available for California condos?
Yes, Non-QM loans are available for condos in California, including non-warrantable condos that don't meet Fannie Mae or Freddie Mac guidelines. This is common in urban areas like San Francisco and LA.
How long does it take to close a Non-QM loan in California?
Non-QM loans in California typically close in 21-30 days, though some lenders offer expedited closings in 14-21 days for well-qualified borrowers with complete documentation.
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