What Is a Non-QM Mortgage?

Not every borrower fits in a perfect lending box. That’s where Non-QM (Non-Qualified Mortgage) loans come in.

At Buccaneer Mortgage, we help self-employed buyers, real estate investors, and clients with unique financial profiles get approved with flexible loan options that make sense — even if traditional banks say no.

Why Go Non-QM?

A Non-QM mortgage is ideal when:

  • You’re self-employed and your tax returns don’t show your true income
  • You own multiple rental properties or use LLCs
  • You need to close fast and can’t wait on red tape
  • You’ve had credit hiccups or recent life changes
  • You’re a foreign national investing in the U.S.

Non-QM Options We Offer

Bank Statement Loans

Qualify using 12–24 months of business or personal bank statements instead of tax returns.

1099-Only Loans

Perfect for gig workers, freelancers, and commission-based earners.

DSCR Investor Loans

No income or job verification — we use the property’s rental income to qualify you.

Asset Depletion Loans

Use your liquid assets (retirement, savings, or investment accounts) as income.

Foreign National Loans

No U.S. credit? No problem. Qualify with a passport and bank reference letter.

Eligible Property Types

  • Primary homes
  • Vacation homes
  • Investment properties
  • Condos and 1–4 unit properties
  • Properties in an LLC (some programs)

Non-QM Highlights

FeatureTypical Range
Minimum Credit Score620–680
Down Payment (Purchase)As low as 10%
Loan AmountsUp to $3M+
Interest-Only OptionsAvailable
Foreign NationalsEligible
Prepayment PenaltyInvestment only (some states)

What Non-QM Isn’t:

Let’s Build a Loan Around You

We’ll help you find the best Non-QM mortgage for your goals — whether you’re buying your dream home, refinancing, or growing your investment portfolio.

? Call us at 561-312-7777
? Or schedule your consultation today.