$750,000
Median Home Price
$637,000
Avg. Loan Amount
675K
Population
28+
Licensed Lenders
Key Boston Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Back Bay
$1.5MLuxury brownstones
South Boston
$725KWaterfront, young professionals
Cambridge
$895KHarvard/MIT area, tech hub
Boston Real Estate Market
Why Non-QM loans are popular in Boston
Growing demand for flexible mortgage solutions in Boston
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 Boston
What is the minimum credit score for Non-QM loans in Boston?
Most Non-QM lenders serving Boston 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 Boston, Massachusetts?
Yes, bank statement loans are available in Boston. 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 Boston?
DSCR loans in Boston 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 Boston?
Non-QM loan amounts in Boston typically range from $100,000 to $3 million or more. With a median home price of $750,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Boston?
The most popular Non-QM programs in Boston include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.