Alternative documentation
When traditional underwriting does not fit the borrower, change the documentation path, not the facts.
Non-QM is a broad category of alternative-documentation lending. It can include bank statement, P&L, asset-based, DSCR, ITIN and other specialized programs. Availability, pricing and guidelines vary by lender.
What this path is designed to solve.
Use the program page for education. Use the purchase analyzer for the actual property decision.
Bank statement
Useful to review when business deposits are stronger than tax-return qualifying income.
P&L and asset-based
Alternative documentation can help borrowers whose financial strength is not captured by standard W2 or Schedule C analysis.
DSCR investor financing
For investment property, rental cash flow can become the primary qualification metric instead of personal income.