Non-QM lender reviews
What each lender’s bank-statement and non-QM programs actually say — published guidelines, sourced and dated, no star ratings. We review lenders as a publisher: we have no loan files with them, so we grade nothing; we report what their program sheets publish and who each program fits.
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Wholesale only (via a broker)
A&D Mortgage
The #1 non-QM lender by wholesale volume — 12/24-month statements, generous deposit-counting rules, 90% CLTV and $4M ceilings — reachable only through a mortgage broker.
Best for: Borrowers already working with an independent broker who want the deposit-counting math to work in their favor — especially business-account earners who can document a lower…
Consider: Wholesale-only: you can't apply directly, so access and part of your pricing depend on the broker you choose.
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Wholesale only (via a broker)
Acra Lending
Among the most permissive published floors in non-QM — DSCR to 0.80 coverage at 575 credit, and a no-income-verification foreign national program to $3M. Broker channel only.
Best for: Investors whose properties don't cover the payment at a 1.0 ratio, foreign nationals without US credit files, and broker-assisted borrowers with unusual scenarios (condotels,…
Consider: Wholesale/correspondent only — no direct application path.
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Direct + broker channel
Angel Oak Mortgage Solutions
One of the original non-QM specialists — bank statement loans to $4M with just one year of self-employment, reached through 3,600+ brokers or its consumer-direct arm.
Best for: Self-employed borrowers with only one year of business history, or those needing a large loan amount ($1M+) on bank statements — especially if you're already working with an…
Consider: No published minimum credit score — the tiered pricing grid means a sub-660 score is quoted, not declined, but you won't know your real price until a broker runs the scenario.
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Direct + broker channel
Carrington Mortgage Services
The credit-flexibility specialist — published tiers down to 550 FICO (600 for bank statements), 1-day-out-of-bankruptcy options, ITIN accepted on every tier.
Best for: Borrowers with bruised credit or a recent bankruptcy/foreclosure who would be declined on score alone elsewhere, and ITIN borrowers who want more than one program shape to…
Consider: Credit flexibility is priced: expect the steepest rate premiums in the market at the low-score, recent-event end.
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Direct + broker channel
CrossCountry Mortgage
A top national retail lender with an unusually broad non-QM menu — bank statement to 90% LTV and $3M, plus DSCR, ITIN, 1099, P&L and asset-qualifier programs under one roof.
Best for: Borrowers who want a single national lender that can pivot between bank statement, 1099, P&L or DSCR programs on the same file — especially self-employed buyers with two clean…
Consider: The bank-statement-specific credit floor isn't published — the "as low as 620/500" language covers the whole non-QM suite, so your program's actual minimum may be higher.
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Wholesale only (via a broker)
Deephaven Mortgage
Publishes rate-sheet-level detail most lenders hide — two bank-statement tiers, DSCR variants down to 5–9 unit properties, ITIN to $1.5M, and a bank-statement HELOC. Broker channel only.
Best for: Broker-assisted borrowers who want checkable guidelines — especially strong-credit files that fit Expanded-Prime's 90% LTV, investors needing niche DSCR variants, and ITIN…
Consider: Wholesale/correspondent only — no direct application; broker choice matters.
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Direct to consumer
Griffin Funding
Direct-to-consumer non-QM specialist that actually publishes its numbers — 620 floor, 10% down, loans to $4.5M in-house, and a no-ratio DSCR option.
Best for: Self-employed borrowers who want published, checkable guidelines before talking to anyone — and recently independent borrowers who can use the one-year seasoning exception…
Consider: A Griffin blog post advertises a "2-month bank statement" option that its own product page doesn't corroborate — treat the 12–24 month product page as the reliable guideline…
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Direct to consumer
New American Funding
Large retail lender with an unusually plain-spoken ITIN program — bank statement loans at a 620 floor, with a bigger down payment (20–30%) than the non-QM specialists ask.
Best for: ITIN borrowers who want a large retail lender with a stated program, and self-employed buyers with 620+ credit and a 20%+ down payment who value an established national brand…
Consider: 20–30% down is double what the most aggressive non-QM programs require — cash-light borrowers will do better at 10%-down lenders.
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Direct to consumer
North American Savings Bank (NASB)
A federally chartered, FDIC-insured bank doing bank-statement lending directly — a rarity in non-QM, with a higher credit bar (680–700) than the non-bank specialists.
Best for: Strong-credit (700+) self-employed borrowers who want a bank rather than a non-bank lender, buying at price points comfortably above the ~$200K minimum.
Consider: The 680–700 credit bar is the highest published floor in this review set — bruised-credit files should look at Carrington or the broker-channel lenders instead.
Reviews describe published program guidelines only. Verify any lender\u2019s license yourself.