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KNB Capital · Loan Programs
Non-QM
Loans
Mortgage programs for borrowers who don’t fit the conventional box. Alternative documentation, unique income types, and flexible guidelines — with wholesale pricing.
The Basics
What Is A Non-QM Loan?
Non-QM (Non-Qualified Mortgage) loans are mortgage programs that fall outside the standard Fannie Mae/Freddie Mac and government loan guidelines. They’re not ‘bad loans’ — they’re alternative programs for borrowers with legitimate income or equity that doesn’t fit a conventional income calculation.
Non-QM is an umbrella term covering bank statement loans, DSCR investor loans, asset depletion loans, ITIN loans, P&L-based loans, and more. KNB Capital matches you to the right Non-QM program based on your specific income type and property.
Do You Qualify?
Common Non-QM Programs
Bank Statement
For self-employed borrowers: qualify using 12–24 months of bank deposits instead of tax returns. No W-2s or Schedule C required.
DSCR / Investor
For rental property investors: qualify based on the property’s rental income, not your personal income. No tax returns or employment needed.
Asset Depletion
For retirees or high-net-worth borrowers with large liquid assets: qualify by ‘depleting’ assets over the loan term as imputed income.
P&L / ITIN
For newer businesses or ITIN borrowers: qualify using a CPA-prepared profit & loss statement or with an Individual Taxpayer Identification Number instead of a Social Security Number.
Common Questions
What Non-QM Borrowers Ask Us Most
Are Non-QM Rates Higher Than Conventional?
Yes — typically 0.5–2% higher depending on the program and risk profile. But for borrowers who can’t qualify conventionally, Non-QM is the path to ownership or investment. We always show conventional side-by-side when both are possible.
Who Is Non-QM For?
Business owners, real estate investors, retirees with assets but limited income, foreign nationals, ITIN borrowers, and anyone with income that doesn’t show cleanly on a tax return. If you’ve been turned down by a bank, there’s likely a Non-QM program that works.
Is Non-QM Safe?
Modern Non-QM loans are responsibly underwritten — these are not the no-doc loans of 2005. Lenders verify assets, credit, and property values rigorously. The difference is how income is documented, not whether it’s documented at all.
Been Turned Down Elsewhere?
Tell us your situation. There’s almost always a program — we’ll find it.