$265,000
Median Home Price
$225,000
Avg. Loan Amount
134K
Population
12+
Licensed Lenders
Key New Haven Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
East Rock
$385KYale area, walkable
Westville
$325KFamily neighborhood
Downtown
$245KUrban core, mixed-use
New Haven Real Estate Market
Why Non-QM loans are popular in New Haven
Growing demand for flexible mortgage solutions in New Haven
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 New Haven
What is the minimum credit score for Non-QM loans in New Haven?
Most Non-QM lenders serving New Haven 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 New Haven, Connecticut?
Yes, bank statement loans are available in New Haven. 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 New Haven?
DSCR loans in New Haven 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 New Haven?
Non-QM loan amounts in New Haven typically range from $100,000 to $3 million or more. With a median home price of $265,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in New Haven?
The most popular Non-QM programs in New Haven include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.