Non-QM Mortgage Loans for Complex Financial Situations
When traditional lending doesn't fit your situation, Non-QM mortgage loans provide alternative paths to homeownership. Aditya Choksi specializes in Non-Qualified Mortgages for California borrowers with unique circumstances.
💼 Rejected by Traditional Lenders?
Don't give up! We specialize in helping borrowers who've been denied elsewhere. Free consultation to explore your Non-QM options.
Non-QM Loan Options
Bank Statement Loans
Use 12-24 months bank statements
Asset Depletion
Qualify using liquid assets
Recent Credit Events
Shorter waiting periods
Why Choose Non-QM Mortgage Loans
Non-QM loans open doors for borrowers who don't fit traditional lending boxes but have the ability to repay and maintain homeownership.
No Traditional Documentation
Qualify without W-2s, tax returns, or traditional employment verification
Flexible Income Calculation
Use bank statements, asset depletion, or rental income for qualification
Recent Credit Event Flexibility
Shorter waiting periods after bankruptcy, foreclosure, or short sale
Self-Employed Friendly
Perfect for business owners, contractors, and entrepreneurs with variable income
Unique Property Types
Finance properties that don't fit traditional lending guidelines
Competitive Rates
Interest rates typically only 1-2% higher than conventional loans
Perfect for These Borrowers
Non-QM loans serve borrowers whose financial situations don't align with traditional qualified mortgage requirements but demonstrate ability to pay.
Self-Employed Entrepreneurs
Business owners with significant write-offs or complex tax situations
Recent Credit Events
Borrowers recovering from bankruptcy, foreclosure, or short sale
Foreign Nationals
International buyers without U.S. credit history or documentation
High-Asset Individuals
Wealthy borrowers who prefer asset-based qualification over income
Commission-Based Workers
Real estate agents, sales professionals with variable income
Recently Divorced
Individuals rebuilding credit and financial stability post-divorce
Non-QM Loan Programs Available
Choose the Non-QM program that best matches your unique financial situation and homeownership goals.
Bank Statement Loans
Use personal or business bank statements instead of tax returns
Learn MoreAsset Depletion/Qualifying
Qualify using liquid assets divided by loan term for income
Learn MoreDSCR (Investment Property)
Investment properties qualified on rental income coverage
Learn MoreNo Income/No Asset (NINA)
Qualification based solely on credit score and property value
Learn MoreForeign National Loans
For international buyers purchasing U.S. real estate
Learn MoreRecent Credit Event
Short waiting periods possible after recent credit events
Learn MoreCredit Event Waiting Periods Comparison
Non-QM loans significantly reduce waiting periods after major credit events, helping you get back to homeownership sooner.
| Credit Event | Conventional | FHA | Non-QM |
|---|---|---|---|
Chapter 7 Bankruptcy Discharge date to loan eligibility | 4 years | 2 years | 1 day - 2 years |
Chapter 13 Bankruptcy From discharge or with court approval | 2-4 years | 1 year payments | 1 day - 1 year |
Foreclosure From foreclosure completion date | 7 years | 3 years | 1-3 years |
Short Sale Depending on circumstances | 2-7 years | 3 years | 1-2 years |
Deed in Lieu From deed transfer date | 4 years | 3 years | 1-2 years |
Important Note
Non-QM waiting periods vary by lender and may require higher down payments or interest rates. Individual circumstances and compensating factors affect eligibility.
Program Requirements by Type
Each Non-QM program has specific documentation and qualification requirements tailored to different borrower situations.
Bank Statement Loans
- 12-24 months personal or business bank statements
- Credit score 620+ (640+ for better rates)
- Down payment 10-25% depending on property type
- Debt-to-income ratio calculated from deposits
- 2-6 months cash reserves
Asset Depletion
- Minimum $500K in liquid assets
- Asset verification through statements
- Credit score 640+ typically required
- Down payment 20-30%
- Assets not tied up in illiquid investments
Foreign National
- Valid passport and visa (if applicable)
- 25-40% down payment minimum
- U.S. credit report or international credit
- Proof of legal entry to U.S.
- Asset documentation from home country
Get Your Non-QM Pre-Approval
Don't let traditional lending limitations hold you back. Our Non-QM specialists will find the right program for your unique situation.
Get Your Non-QM Quote
Specialized programs for unique situations
Non-QM Loan Process
Our specialized Non-QM process is designed to handle complex situations efficiently and professionally.
Consultation
Discuss your unique situation and explore Non-QM options
Program Selection
Choose the best Non-QM program for your circumstances
Documentation
Submit alternative documentation based on your program
Underwriting
Specialized Non-QM underwriting review and approval
Closing
Close on your home despite traditional lending challenges
California Non-QM Success Stories
Real borrowers who achieved homeownership through Non-QM loans when traditional lending wasn't an option.
Tech Startup Founder
San Jose, CA
"Traditional lenders couldn't understand my equity-based income from my startup.Bank statement loans made it possible - used 18 months of business deposits to qualify for a $950K home in Silicon Valley."
Post-Bankruptcy Recovery
Orange County, CA
"Six months after Chapter 7 discharge, everyone said to wait 2+ years.Non-QM got us approved immediately with 25% down. Now we're rebuilding equity instead of paying rent!"
High-Asset Investor
Beverly Hills, CA
"Asset depletion program let me qualify without showing complex investment income.Asset-based qualification - much simpler than traditional documentation."
Non-QM Loan Frequently Asked Questions
Information on this page is for educational purposes only and is not an offer of credit. Non-QM loans have flexible underwriting guidelines outside traditional qualified mortgage standards. Actual loan approval, terms, interest rates, and documentation requirements depend on your specific situation, credit profile, income complexity, and recent credit events. Programs, rates, and guidelines are subject to change without notice. For personalized advice and current Non-QM loan options, consult with a licensed California mortgage professional specializing in alternative financing.
Get Your Free Non-QM Consultation
Been denied elsewhere? Let's explore your Non-QM options. No obligation, completely confidential.
Free Non-QM Consultation
Specialized complex income review
Additional Alternative Financing Options
Explore our complete range of alternative financing solutions for real estate investors and borrowers with unique situations.
Hard Money Loans
Asset-based bridge financing for real estate investors with 24-48 hour approval and 5-10 day funding.
Land Loans
Vacant land financing for residential lots, recreational property, and development sites across California.
Fix & Flip Loans
ARV-based renovation financing with acquisition and rehab costs combined for property flipping projects.
Don't Let Traditional Lending Limitations Stop You
Join California borrowers who've achieved homeownership through Non-QM loans despite complex financial situations. Your unique circumstances deserve specialized solutions.
Related Content
Non-QM Income Documentation Strategies
Get approved using alternative income verification methods.
Bank Statement Loans for Self-Employed Borrowers
Alternative documentation based on actual bank deposits.
Bank Statement Loans
Financing for borrowers with non-traditional income sources.
Licensing & Regulatory Information
Company: 21st Century Lending, Inc. | NMLS Company ID: 241835
Licensed Loan Originator: Aditya Choksi | NMLS ID: 2055084 | DRE License: 02154132
Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Also licensed in Arizona, Colorado, Georgia, New Mexico, and Washington.
This is not a commitment to lend. Loan approval subject to credit approval and property appraisal. All loans subject to underwriting approval. Rates, terms, and programs subject to change without notice. Not all applicants will qualify. Not all products and services are available in all states.