Non-QM Loans That Work When the Traditional Path Doesn’t

If your financial story doesn’t fit in a box, Non-QM loans (non-qualified mortgage loans) may be the right solution for you.

Your finances are unique. Your mortgage should be too.

Not everyone fits the mold of W-2 income, perfect credit, or long employment history. That’s okay. At Luminate, we believe your ability to qualify for a home loan shouldn’t be limited by paperwork alone. Our Non-QM loan programs open doors for self-employed individuals, investors, new residents, and professionals with complex income.


Whether you’re looking into a bank statement mortgage loan, 1099 loans, DSCR loans, or even an ITIN-based mortgage, we’ll help you find the right fit.

What is a Non-QM Loan?

A Non-QM loan is a mortgage that doesn’t meet the standard guidelines for conventional or government-backed loans. But that doesn’t mean they’re risky—in fact, they’re designed to serve credit-worthy borrowers with nontraditional income or credit situations.


At Luminate, we offer a range of Non-QM options to support all types of buyers and investors.


What makes Non-QM loans different?

If you’ve been turned down for a conventional mortgage (or just want more flexibility), Non-QM loans could be the solution. You may benefit if:


  • You’re self-employed with complex tax filings
  • You earn income via commissions, freelance work, or 1099s
  • You’re a real estate investor looking for DSCR loans
  • You’re a new resident exploring non-permanent resident FHA options
  • You have high assets but limited income

Do you qualify for a Non-QM loan?

Qualifying is easier than you think. These loans often use alternative documentation, flexible credit standards, and tailored approval paths to help you move forward with confidence.


Our team will review your unique situation. Whether it’s a bank statement mortgage loan, 1099 income, or a specialized program like doctor loans or asset depletion, we'll make sure we recommend the right fit.

Popular Non-QM Programs We Offer

A black heart icon on a white background.

Bank Statement Mortgage Loans

Use your business or personal bank statements to verify income—ideal for self-employed borrowers.

Document icon with a dollar sign, representing financial paperwork.

1099 Loans

Qualify using 1099 forms instead of traditional W-2s or tax returns.

A hand holding a phone, scanning a check with the dollar sign symbol visible on the screen.

DSCR Loans

Great for real estate investors, these loans focus on the property’s cash flow, not your personal income.

Black and white warning sign: a triangle with an exclamation mark inside.

Non-Permanent Resident FHA

Mortgage solutions for non-permanent residents who meet FHA eligibility.

Hand holding a phone, scanning a check.

Doctor Loans

Special loan programs designed for medical professionals starting out or carrying student debt.

Black outline of an exclamation point inside a triangle, warning sign.

Asset Depletion

Use your liquid assets as a qualifying income source, without relying on employment income.

Hand holding a smartphone to deposit a check using a mobile app.

ITIN Loans

Don’t have a Social Security number? No problem. We offer mortgage solutions for borrowers with an Individual Taxpayer Identification Number.

Still unsure if a Non-QM loan is right for you?

That’s okay—our team is here to guide you through every option. We believe financial diversity should be celebrated, not penalized. At Luminate Bank, we make complex mortgage needs feel simple and transparent.


Let’s find the path that matches your potential.

Hands holding house key.

Homebuyer FAQ Series: Mortgage Basics Every Homebuyer Should Know

By Luminate Marketing Team • October 3, 2025
We’re kicking off our Homebuyer FAQ Series, where we answer real questions from real consumers. This first post is all about the basics every homebuyer should know.
Person writing on box labeled

The Rise of Mortgage-Free Living: What It Means for Downsizers

By Luminate Marketing Team • September 26, 2025
More homeowners are buying their next house outright, without taking on a new mortgage. And if you’ve owned your home for a while, you may be able to do the same. No mortgage. No monthly housing payments.
Red line graph trending downwards on a dark blue grid, suggesting a market decline.

Why Mortgage Rates Went Up After the Fed Cut Rates

By Luminate Marketing Team • September 19, 2025
Shouldn’t cheaper borrowing from the Fed mean more affordable home loans for buyers? Unfortunately, the reality is more complex.
Show More