Non-QM & Stated Income Loans for Self-Employed Borrowers
Blue Fox Capital specializes in Non-QM mortgage solutions for self-employed borrowers, business owners, and freelancers in California. If your income is real but hard to document through traditional channels, our Non-QM programs are designed for you.
Loan Highlights
- Minimum Credit: 620+
- Maximum LTV: Up to 90%
- Loan Terms: 30 years
- Rate Type: Fixed or ARM
- Geographic Area: California
- Term Sheet Time: 24 hours
- Closing Timeline: 21–30 days
- Property Types: 1–4 unit owner-occupied
Our Non-QM Programs
1. Bank Statement Loans
Use 12 or 24 months of personal or business bank statements to qualify instead of tax returns. We calculate your income from deposits, making this ideal for business owners who write off heavily on their taxes.
2. Stated Income Loans
No tax returns required. State your income on the application with supporting documentation. Designed for borrowers with verifiable but non-traditional income sources.
3. 1099 Income Programs
For freelancers, independent contractors, and gig economy workers. We use your 1099 forms to calculate qualifying income — no need for full tax returns.
4. Asset Depletion Loans
Qualify based on your liquid assets (savings, investments, retirement accounts) rather than monthly income. Perfect for retirees, high-net-worth individuals, or those between jobs.
5. Foreign National Programs
Financing options for ITIN holders and visa holders purchasing property in California. Flexible documentation requirements adapted for international borrowers.
6. No Tax Return Option
Streamlined documentation program that eliminates tax returns entirely from the qualification process.
Non-QM Is NOT Subprime
Non-QM loans are designed for creditworthy borrowers (620+ credit scores) with real income that simply doesn’t fit into traditional documentation boxes. These are not subprime loans — they are alternative documentation loans for qualified borrowers with non-traditional financial profiles.
Who Non-QM Loans Are For
- Self-employed business owners who write off heavily on taxes
- Freelancers and gig workers with 1099 income
- Foreign nationals purchasing U.S. property
- High-net-worth individuals with significant assets but low reported income
- Recently self-employed without 2 years of tax returns
Get Your Non-QM Quote
Self-employed and ready to buy? Call (310) 756-3619 or request your term sheet — we respond within 24 hours.
Get a Non-QM Loan Quote
Self-employed, bank statement income, or non-traditional documentation? Let us find the right Non-QM program for your situation.
Request a Quote | (310) 756-3619
Non-QM Loan FAQ
What is a Non-QM loan?
A Non-QM (Non-Qualified Mortgage) loan is any mortgage that does not meet the Consumer Financial Protection Bureau’s standard qualified mortgage rules. These loans serve borrowers who cannot document income through traditional methods like W-2s and tax returns.
Who qualifies for a Non-QM loan?
Self-employed borrowers, real estate investors, foreign nationals, and individuals with non-traditional income sources are common Non-QM borrowers.
What documentation do I need?
Depending on the program, you may qualify using bank statements (12 or 24 months), 1099 income, asset depletion, or a DSCR ratio on investment properties.
Are Non-QM loan rates higher than conventional?
Non-QM rates are typically slightly higher than conventional rates to reflect the flexible underwriting, but they remain competitive and vary based on LTV, credit score, and documentation type.