Skip to main content

Why Non-QM Is Essential To EVERYONE!

When we say non-QM is important for everyone we are talking about originators, investors, Realtors, borrowers and anyone concerned about a healthy, thriving mortgage industry. Basically everyone. 

Without non-QM the following people could be shut-out of getting a mortgage….period

Self-employed Borrowers | Business Owners | Retirees
Gig Workers | Contract Workers | 1099 Earners | Real Estate Investors
Borrowers With Past Credit Challenges​​​​

 

Those people represent millions and millions of borrowers. Imagine what would happen to the housing market and the overall mortgage industry ecosystem if millions of people couldn’t get a home loan. We work with many originators everyday closing loans for each underserved borrowers listed above. They are credit-worthy borrowers who meet specific requirements showing they are able to pay back their loan satisfying the ability-to-repay rule (ATR).

Non-QM products are good, solid performing loans that will always be in demand – because the market they serve will always be around. S&P Global released a report that non-QM loan volume in 2021 will reach an estimated $45 billion. There are other reports out there that predict close to $50 billion.

Non-QM Programs