$365,000
Median Home Price
$310,000
Avg. Loan Amount
228K
Population
10+
Licensed Lenders
Key Spokane Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
South Hill
$475KAffluent, views
Browne's Addition
$395KHistoric, walkable
Liberty Lake
$425KGrowing suburb
Spokane Real Estate Market
Why Non-QM loans are popular in Spokane
Growing demand for flexible mortgage solutions in Spokane
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 Spokane
What is the minimum credit score for Non-QM loans in Spokane?
Most Non-QM lenders serving Spokane 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 Spokane, Washington?
Yes, bank statement loans are available in Spokane. 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 Spokane?
DSCR loans in Spokane 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 Spokane?
Non-QM loan amounts in Spokane typically range from $100,000 to $3 million or more. With a median home price of $365,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Spokane?
The most popular Non-QM programs in Spokane include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.