Non-QM Lenders and Loan Programs in California

A non-QM loan falls outside the Qualified Mortgage rules, which lets lenders verify income by means other than tax returns. The family includes bank statement, P&L, asset depletion, DSCR, ITIN and stated-income programs. Non-QM does not mean no verification — every program documents ability to repay, just differently. Expect 10-25% down, credit from 620-680, and rates roughly 1% to 2% above conventional.

Most non-QM loan programs in California look for 620-680+. Credit tends to affect your pricing more than your eligibility — a stronger score usually shows up as a lower rate rather than a different answer on whether you qualify.

A non-QM loan in California typically requires 10-25% down. The exact figure moves with your credit profile, occupancy and property type — stronger files land at the low end of that range.

A non-QM loan in California generally closes in 30-45 days. Appraisal turn times and how quickly you return requested documents are the two things that move that timeline most.

A non-QM loan is available for primary, second home or investment. Occupancy affects both pricing and down payment, so confirm the intended use up front — it changes the terms you are quoted.

Non-QM loan rates run roughly 1% to 2% above a comparable conventional loan, which is the cost of documenting income a different way. Your specific number depends on credit, down payment, occupancy and the day you lock.

For a non-QM loan, income is verified through bank statements, a P&L, assets or rental income instead of tax returns. This is the main way the program differs from a standard conventional loan, and it is usually the reason borrowers choose it.

Yes. With a non-QM loan the usual path is to refinance into conventional once your returns support the income. Nothing locks you in — plan the exit when you take the loan rather than after.

For a non-QM loan you will need a government ID, credit authorization and property details, plus documentation matched to the specific non-QM path you take.

Call (888) 703-1840 for a free non-QM loan consultation, or use the form on this page. Pre-approval usually takes 1-3 business days, and there is no cost and no hard credit pull to find out what you qualify for.