Non-QM Loans in New York
New York's diverse real estate market, from Manhattan luxury condos to upstate investment properties, requires flexible financing solutions. Non-QM loans serve self-employed professionals, real estate investors, and foreign nationals in one of America's most competitive markets.
$425,000
Median Home Price
$520,000
Avg. Loan Amount
68+
Licensed Lenders
12+
Major Markets
New York Real Estate Market
Why Non-QM loans are popular in New York
High-cost metro areas require jumbo Non-QM loan options
Large population of self-employed professionals and entrepreneurs
Strong co-op and condo market with specialized financing needs
Significant foreign national buyer activity in NYC
Multi-family investment opportunities throughout the state
Complex income structures common in finance and entertainment industries
Popular Non-QM Programs in New York
These loan programs are especially popular among New York borrowers
Top New York Markets We Serve
Non-QM lending available throughout New York
New York Lending Regulations
New York is regulated by the Department of Financial Services (DFS). Mortgage lenders must be licensed under the New York Banking Law. New York has strict consumer protection laws and disclosure requirements. The state also has specific regulations for co-op financing.
New York Non-QM Loan FAQs
Common questions about Non-QM loans in New York
Can I get a Non-QM loan for a NYC co-op?
Yes, but co-op financing is more complex than condos. Not all Non-QM lenders offer co-op loans, but several specialize in NYC co-op financing. The co-op board must also approve the loan and buyer.
What are the loan limits for Non-QM in New York?
Non-QM loans in New York can exceed $3 million, especially important in high-cost areas like Manhattan, Brooklyn, and Westchester. Some lenders offer loans up to $5 million for qualified borrowers.
Are Non-QM loans available for multi-family properties in NY?
Yes! DSCR loans are popular for 2-4 unit properties and larger multi-family buildings. Investors can qualify based on the property's rental income rather than personal income.
Can foreign nationals buy property in New York with Non-QM?
Absolutely. New York is one of the most active markets for foreign national lending. Many lenders offer programs with 25-30% down for non-US citizens purchasing in NYC and surrounding areas.
How do New York's high property taxes affect my loan?
New York's property taxes are factored into your debt-to-income ratio and DSCR calculations. Lenders account for these costs when determining your maximum loan amount and qualifying ratios.
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