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Mortgage Merlin
30-YR CONV6.47%▼0.05
FHA6.25%▼0.05
BANK-STMT7.31%▼0.05
DSCR7.66%▼0.05
JUMBO6.50%▼0.05
15-YR5.81%▼0.03
ITIN7.96%▼0.05
30-YR CONV6.47%▼0.05
FHA6.25%▼0.05
BANK-STMT7.31%▼0.05
DSCR7.66%▼0.05
JUMBO6.50%▼0.05
15-YR5.81%▼0.03
ITIN7.96%▼0.05
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Non-QM loan finder

The hardest part of a non-QM mortgage is finding the program that fits. Tell us your situation — we’ll surface the program types that actually serve it, ranked by fit.

Illustrative program archetypes — not lender recommendations. These represent program types and sample terms, sorted only by how well they fit your situation, never by who pays us. Mortgage Merlin may earn a fee when you connect with a licensed lender. Read how we make money and our affiliate disclosure. Get competing quotes from licensed lenders for actual terms.
Your situation
Credit
State
8 program types fit your situation · sorted by fit
Best fit

ITIN portfolio program

~7.9% sample

Lends to borrowers with an ITIN and no Social Security number, accepting alternative credit (rent, utilities) where there's no traditional FICO score.

ITIN accepted (no SSN)Alternative credit OKBank-statement income common
Min credit: Alt. creditMin down: 15%Max LTV: 80%Where: 12 states

Flexible-credit bank-statement program

~7.95% sample

A bank-statement program with a lower credit floor for borrowers rebuilding credit, in exchange for a larger down payment and a higher rate.

600+ credit accepted12-month statementsHigher down offsets lower score
Min credit: 600+Min down: 20%Max LTV: 80%Where: Nationwide

ITIN bank-statement program

~8.1% sample

An ITIN program that qualifies self-employed borrowers on business deposits, available across an expanded set of states with alternative credit.

ITIN + bank statementsAlternative credit OKExpanded state coverage
Min credit: Alt. creditMin down: 20%Max LTV: 75%Where: 16 states

Business bank-statement program

~7.25% sample

Qualifies on 12–24 months of business deposits with an expense factor instead of tax returns — the workhorse for self-employed borrowers whose write-offs suppress net income.

12 or 24-month statementsExpense factor 40–50%CPA letter can lower the factor
Min credit: 660+Min down: 10%Max LTV: 90%Where: Nationwide

DSCR investor program

~7.6% sample

Qualifies an investment property on its own rental cash flow (debt-service-coverage ratio) — no personal income documents required.

No personal income docsQualifies on rent vs. payment1.0+ DSCR typical
Min credit: 660+Min down: 20%Max LTV: 80%Where: Nationwide

Personal bank-statement program

~7.5% sample

Uses personal-account deposits for borrowers who run most income through a personal account. Higher expense factor than business programs, but expands access.

Personal statements acceptedExpense factor 60–70%Good when there's no business account
Min credit: 680+Min down: 15%Max LTV: 85%Where: Nationwide

1-year tax-return program

~7.4% sample

Accepts a single year of self-employment returns instead of the usual two — built for newer businesses with a strong recent year.

1 year of returnsGood for 12–24 month-old businessesFaster than waiting for a 2-year history
Min credit: 680+Min down: 15%Max LTV: 85%Where: Nationwide

1-year bank-statement program

~7.6% sample

Combines a single year of self-employment with deposit-based income — for newer businesses that also want to qualify on cash flow rather than tax returns.

1 year in business OKDeposit-based incomeBridges to a 2-year file later
Min credit: 680+Min down: 15%Max LTV: 85%Where: Nationwide

Why non-QM programs are so hard to compare

Conventional loans follow uniform Fannie Mae and Freddie Mac rules, so shopping is mostly about rate. Non-QM (non-qualified) mortgages are the opposite: every lender writes its own program. Expense factors, credit floors, statement periods, LTV caps, and even which states they serve all vary — so a borrower declined by one lender is routinely approved by another on the exact same profile.

That fragmentation is the real barrier for self-employed, ITIN, investor, and newcomer borrowers. This finder maps your situation to the program archetypes most likely to fit, so you know what to ask for before you start calling lenders. It does not rank by compensation — results are ordered purely by how well a program type matches your inputs.

This is education, not a lender directory. The archetypes here describe program types, not specific companies. When you’re ready, get competing quotes from at least three licensed lenders — and verify each on the NMLS Consumer Access database.

Already know you want a bank-statement loan? Compare lender variables in detail on how to compare bank statement lenders, or estimate your deposit-based income with the bank statement estimator.

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