Non-QM loans: non-QM jumbo loans
Non-QM Jumbo Loans for Self Employed and Complex Borrowers
A Non-QM jumbo loan may help eligible borrowers finance higher-priced homes when traditional banks and credit unions say no because of lower credit scores, recent credit events, self-employed income, bank statements, 1099 income, P&L income, asset depletion, higher DTI, jumbo cash-out, or complex borrower profiles.
This is not cookie-cutter bank jumbo financing. This is outside-the-box jumbo lending.
Compare aggressive Non-QM jumbo options for complex borrowers, credit events, alternative income, and large loan amounts.
Fast snapshot
Credit scores as low as 640
Bankruptcy, foreclosure, short sale and mortgage late options
Bank statement, 1099, P&L and asset depletion income
Primary, second home and investment options
Purchase, refinance and jumbo cash-out options
Non-QM jumbo specialists
Credit event options
Bank statement & asset paths
Aggressive broker guidance
Most Aggressive Non-QM Jumbo Highlights
Bank said no? Let us review the file before you give up.
These are aggressive Non-QM jumbo possibilities for qualified borrowers who need a more flexible path.
Loan Amounts up to $5 million
Finance high-value primary homes, second homes, investment properties, and cash-out refinance.
Credit scores as low as 640
As low as 640 credit scores depending on LTV, loan amount, reserves, occupancy, and documentation.
Minimum 10% down (up to 90% LTV)
Strong borrower purchase scenarios have options with as little as 10% down
One year seasoning on credit events
Minimum 1 year out of foreclosure, deed-in-lieu, short sale, foreberance. Minimum 2 years after bankruptcy discharge.
Multiple Terms available
Choose from a standard 30-year fixed, 5/6, 7/6 ARM and Interest Only loans.
Higher DTI flexibility
Our Non-QM jumbo programs may allow up to 50% DTI.
Alternative income verification
Bank statements, 1099 income, CPA/P&L, full doc, asset depletion, and blended income options.
Gift Funds allowed
Receive up to 100% of the funds needed for down payment and closing via gift.
Important: These are aggressive guideline examples, not universal approval rules. Final eligibility depends on loan amount, LTV, credit profile, seasoning, reserves, income documentation, occupancy, property type, and lender availability.
What Is a Non-QM Jumbo Loan?
A Non-QM jumbo loan is a mortgage above the conforming loan limit that uses more flexible underwriting than a traditional bank jumbo loan. It is designed for borrowers who may have real ability to repay but do not fit the standard bank box.
That can include self-employed borrowers, business owners, real estate investors, high-net-worth borrowers, borrowers with recent credit events, lower credit scores, higher DTI, or alternative income documentation.
At Andes Mortgage, we are not limited to one bank guideline. We can compare multiple Non-QM jumbo lenders and look for the path that matches the file.
Not a regular bank jumbo loan
Built for outside-the-box borrowers
Alternative income can be used
Credit events may still have options
Why Non-QM Jumbo Loans Are Different
Lower credit score flexibility
Some options may start as low as 640 FICO on select programs.
Credit event re-entry
Prior bankruptcy, foreclosure, short sale, deed-in-lieu, forbearance, or mortgage lates may still be reviewable.
Alternative documentation
Bank statements, 1099, CPA/P&L, asset depletion, and blended income can help prove ability to repay.
Higher DTI possibilities
Certain Non-QM jumbo scenarios may allow higher DTI than a traditional bank jumbo loan.
Investor and cash-out options
Purchase, rate-term refinance, cash-out, delayed financing, second home, and investment paths may be available.
Not sure if a bank jumbo denial is really the end?
Turned Down by a Bank? We Want to See the File.
Common bank denial reasons
- Credit score below bank jumbo minimum
- Recent bankruptcy, foreclosure, short sale, deed-in-lieu or mortgage late
- Debt-to-income ratio above bank guidelines
- Tax returns do not show enough income because of write-offs
- Need to qualify with bank statements, 1099, P&L or assets
Why we may be able to approve your Jumbo mortgage? 😁
- Credit scores as low as 640 allowed
- Strong reserves after closing
- Clean recent housing history
- Stable deposits, income, or assets
- Clear explanation for past credit issues
Non-QM Jumbo Loans After Credit Events
Banks often make jumbo borrowers wait years after a major credit event. Non-QM jumbo lending can be different. Some programs may allow financing after bankruptcy, foreclosure, short sale, deed-in-lieu, loan modification, forbearance, 120-day mortgage late, or recent mortgage lates once the required seasoning and re-established credit requirements are met.
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Credit Event / Scenario
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Aggressive Non-QM Jumbo Angle
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What Usually Matters
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Foreclosure
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As little as 1 year on select credit-event programs
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Seasoning, LTV, reserves, current housing history, explanation
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Short sale or deed-in-lieu
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As little as 1 year on select credit-event programs
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Credit recovery, down payment, current housing, compensating factors
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Bankruptcy
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As little as 2 years on select programs
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Discharge/dismissal date, re-established credit, reserves, LTV
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Mortgage lates
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May be reviewable with proper explanation
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Most recent 12 months housing history and whether borrower is current
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Default modification / forbearance
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May be reviewable after seasoning and documentation
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Completion status, payment history after event, file strength
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Non-QM Jumbo Income Options Banks Usually Do Not Offer
Traditional jumbo loans usually want clean W2 income or tax returns that show enough income. Non-QM jumbo loans may let qualified borrowers use the documentation that better reflects their actual cash flow and ability to repay.
👇 Tap any option below for more information
Bank Statement Jumbo
For self-employed borrowers with strong deposits but lower taxable income after deductions.
1099 / P&L / Blended Income
For contractors, consultants, commission earners, and business owners with complex income.
Asset Depletion Jumbo
For high-net-worth borrowers with significant eligible assets but lower monthly taxable income.
Jumbo DSCR
For investors looking to purchase or refinance luxury long-term or short term rental properties.
Bank Jumbo vs Non-QM Jumbo Loans
This page is for borrowers who need a more aggressive Non-QM jumbo path, not a cookie-cutter bank jumbo loan.
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Feature
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Bank Jumbo Loan
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Non-QM Jumbo Loan
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Best for
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Perfect W2/full-doc borrowers
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Complex but qualified borrowers
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Credit score
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Often 700+ or stronger
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May be as low as 640 on select programs
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Credit events
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Often long waiting periods
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Credit-event programs may allow shorter seasoning
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Income documentation
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W2, paystub, tax returns
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Bank statements, 1099, P&L, asset depletion, full doc, blended income
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Self-employed borrowers
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Difficult when tax returns are low
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Built for business owners and self-employed borrowers
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DTI flexibility
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Usually stricter
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May allow higher DTI with compensating factors
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Cash-out / investment
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Often conservative
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Aggressive cash-out and investor options may be available
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Real-Life Non-QM Jumbo Scenario
A self-employed borrower wanted to purchase a higher-priced home, but the bank declined the file because the tax returns did not show enough income after business write-offs.
Instead of stopping there, Andes Mortgage reviewed bank statements, assets, reserves, credit history, down payment, property type, and Non-QM jumbo options. The borrower had strong cash flow and compensating factors, but needed a lender that understood outside-the-box jumbo underwriting.
That is exactly where Non-QM jumbo lending can make sense.
Non-QM Jumbo Quick Check Calculator
Use this quick-check section to estimate the basic pieces of your scenario before running the full file through Mortgage Match.
Estimated LTV • possible documentation path • reserve target • Mortgage Match CTA
Related resources you may find helpful
Bank Statement Loans
Non-QM Bank Statement Loan for self-employed borrowers and business owners.
Non-QM Loans
Suite of Non-QM loans for self-employed borrowers and investors offered by Andes Mortgage
Non-QM Jumbo Loan FAQs
Answers to common questions about aggressive Non-QM jumbo loans, lower credit scores, credit events, alternative income documentation, and jumbo cash-out options.
What is a Non-QM jumbo loan?
Can I get a Non-QM jumbo loan with a 640 credit score?
Can I get a jumbo loan after bankruptcy?
Can I get a jumbo loan after foreclosure, short sale, or deed-in-lieu?
Can mortgage lates still qualify for a Non-QM jumbo loan?
Can self-employed borrowers qualify for Non-QM jumbo loans?
Can I use bank statements for a jumbo loan?
Can I qualify for a jumbo loan with assets instead of income?
How much down payment is needed for a Non-QM jumbo loan?
Can I do a Non-QM jumbo cash-out refinance?
Ready to see if a Non-QM jumbo loan can work?
Bank said no? Low credit score? Recent credit event? Tax returns not enough? Let Andes Mortgage review your full scenario and compare aggressive Non-QM jumbo options.