Non-QM Loans

When you need a home loan but face challenges obtaining a conventional loan, a non-qualified mortgage (non-QM) from NASB might be the ideal solution. Choose from our variety of non-conforming, jumbo, bank statement, bridge, 1099, DSCR, or portfolio loans.

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Non-QM loans
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When you need more flexibility than a conventional loan.

When others say no, we find ways to say yes. We understand that some customers may not qualify for traditional loans, even if they are financially stable. With our range of non-QM loans, we can work together to find the right financing option to help you achieve your dream home.

If you need a bank statement loan, a 1099 loan, a DSCR loan, an asset depletion loan, a jumbo loan, or a bridge loan, we are here to help you. We will guide you through the loan process with ease.

Our non-QM loans may be an excellent option for:

  • Self-Employed Professionals & Business Owners
  • Real Estate Investors & Investment Property Owners
  • Independent Contractors & Freelancers
  • Gig Workers & Entrepreneurs
A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for Greater Kansas City metro properties and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes. 


Flexible Home Loans for Unique Financial Situations

  • No tax returns required
  • Borrow up to $1,250,000
  • Great option for self-employed borrowers
Learn More: Bank Statement Loan
  • Use your 1099 instead of tax documents to qualify
  • 700 minimum credit score
  • Great option for self-employed borrowers
Learn More: 1099 Mortgage Loan
  • Competitive rates
  • Lowest possible down payments
  • All underwriting is done in-house
Learn More: DSCR Loan
  • Leverage your real estate purchase with a DSCR loan.
  • Qualify based on the cash flow of the property.4
  • No personal income required.
Learn More: DSCR Loans for LLCs
  • Mortgage option for the credit-challenged
  • Higher loan limits
  • More flexible underwriting guidelines
Learn More: Non-Conforming Loan
  • Purchase real estate as income source
  • Qualify with employment history, credit score and DTI
  • Minimum 15% down
Learn More: Investment Property Loan
  • Best option for loan exceeding the conforming loan limit
  • May require as little as 10% down payment
  • Choose from a variety of loan programs
Learn More: Jumbo Loan
  • Allows you to buy new house before old one sells
  • Enables time-sensitive financial transactions
  • Flexible repayment options
Learn More: Bridge Loan
  • Use your assets instead of income to qualify
  • Borrow up to $1,000,000
  • Great option for self-employed borrowers
Learn More: Asset Depletion Mortgage
  • For purchase or refinance
  • Flexible qualifying requirements
  • Can finance primary residence, second homes or investment properties
Learn More: Non-Warrantable Condo Loan
  • Here's the answers to common Non-QM loan questions.
  • Learn the process and what you need to apply.
  • Easy-to-understand answers with additional content links.
Learn More: Non-QM Loan FAQs
  • For borrowers with bankruptcy, divorce, or other life events
  • We look at the borrower's complete financial picture
  • 30% down payment required
Learn More: Credit Event Home Loan 

Click here for information on applying for our traditional loan offerings, including conventional, FHA, VA, and refinance loans.

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Meet our Non-QM Lending Team


jason zook322 x

Jason Zook

Non-QM Sr. Loan Officer
Call: 816-508-2397
Email: jzook@nasb.com
NMLS #415110

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heather howard 1064 x

Heather Howard-Homburger

Non-QM Sr. Loan Officer
Call: 866-627-2039
Email: hhoward@nasb.com
NMLS #415164

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michael_thomas

Michael Thomas

Non-QM Sr. Loan Officer
Call: 816-508-2392
Email: mthomas@nasb.com
NMLS #505686

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Shelley cox

Shelley Cox

Non-QM Sr. Loan Officer
Call: 816-508-2108
Email: scox@nasb.com
NMLS #260341

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venus krzysztow

Venus Krzysztow

Non-QM Sr. Loan Officer
Call: 816-508-2109
Email: venus@nasb.com
NMLS #1190167

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david vaughan headshot

David Vaughan

Non-QM Sr. Loan Officer
Call: 816-508-2106
Email: dvaughan@nasb.com
NMLS #386109

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jason hicks headshot

Jason Hicks

Non-QM Sr. Loan Officer
Call: 816-508-2112
Email: jhicks@nasb.com
NMLS #130416

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Video - How to Get a Home Loan if You're Self-Employed

Watch this video to find out the two ways you can get a mortgage loan if you're self-employed without W2s or pay stubs.




Non-QM Home Loan FAQs

A Non‑QM (Non‑Qualified Mortgage) loan is a home loan that doesn’t meet standard Qualified Mortgage guidelines but is designed for borrowers with complex or nontraditional financial situations.

Non‑QM loans are ideal for:

  • Self‑employed borrowers
  • Real estate investors
  • Borrowers with recent credit events
  • High‑income earners with complex finances

Qualification is based on alternative criteria such as:

  • Bank statements instead of tax returns
  • Asset‑based income
  • Rental property cash flow
  • Business income or DSCR

Credit score, down payment, and reserves may vary by program.

Not always. Many Non‑QM programs eliminate tax returns entirely and allow qualification using:

  • 12–24 months of bank statements
  • Asset depletion
  • Rental income or DSCR calculations
Credit score requirements are usually higher than those for conventional loans. However, they can vary by program. They are often flexible based on other factors.
Yes. Non‑QM loans are fully compliant with federal lending laws and ability‑to‑repay requirements. They are regulated and underwritten in accordance with responsible lending standards.
Interest rates on Non‑QM loans are typically higher than those on conventional loans, reflecting the greater flexibility and risk. However, rates vary by borrower profile and may be refinanced later.
Down‑payment requirements vary by product—often 10–25%—and are higher for higher‑risk scenarios or investment properties. In general, Non‑QM programs require larger down payments than many QM loans, and exact LTV limits vary by risk layer and occupancy.
Yes—NASB offers investor‑friendly options (e.g., DSCR) that qualify based on property income rather than personal W‑2s. Generally, Non‑QM is popular among investors, including those using short‑term and long‑term rental strategies.
Yes. Many borrowers use Non‑QM loans as a temporary solution and refinance into conventional financing once their financial documentation or credit profile improves.
Non‑QM loans often close in similar timeframes to conventional loans, typically 30–45 days, depending on the complexity of the file and documentation method.

No. While popular among self‑employed borrowers, Non‑QM loans are also used by:

  • Investors
  • Retirees
  • High‑net‑worth individuals
  • Borrowers with irregular income

A Non‑QM loan may be right if:

  • You don’t qualify for traditional financing
  • Your income is hard to document
  • You need flexible underwriting
  • You want faster or alternative qualification options

A loan specialist can evaluate your scenario and recommend the best fit.


Looking for more detailed answers?

Explore our complete Non-QM Loan FAQs, including what the non-QM loan options include, documentation details, and program guidelines.