NON-QM

A Bank Statement loan is a Non-QM mortgage program designed primarily for self-employed borrowers, business owners, freelancers, and entrepreneurs who may not qualify using traditional tax return documentation.

• 12 or 24 months of personal bank statements
• 12 or 24 months of business bank statements
• Consistent monthly deposits and cash flow analysis

This program is especially useful for business owners who maximize tax deductions and write-offs that may reduce taxable income on paper, even while maintaining strong actual cash flow.

• Primary residence purchases
• Refinancing existing mortgages
• Cash-out refinancing
• Second homes
• Investment properties
• Self-employed borrower financing

• No W-2 requirement
• No traditional tax return qualification
• Flexible underwriting
• Higher loan amounts
• Alternative income verification
• Qualification based on real cash flow rather than adjusted taxable income

• 12-24 months bank statements
• Credit requirements vary by borrower, lender and program
• Higher reserve requirements compared to agency loans
• Flexible DTI calculations depending on cash flow analysis

Bank Statement loans are one of the most common and widely used Non-QM solutions for self-employed borrowers with strong income but complex tax structures.

A DSCR (Debt Service Coverage Ratio) loan is a Non-QM mortgage program designed specifically for real estate investors purchasing or refinancing income-producing investment properties.

Unlike traditional mortgage programs, DSCR loans qualify borrowers primarily based on the property's rental income rather than the borrower's personal income. In many cases, no personal income documentation such as W-2s, tax returns, or pay stubs may be required.

The DSCR ratio measures whether the property's rental income is sufficient to cover the monthly mortgage obligation and related housing expenses.

• Rental property purchases
• Real estate portfolio expansion
• Long-term rental investments
• Short-term rental / Airbnb financing
• Cash-out refinancing on investment properties
• LLC or business-entity property ownership structures

• Qualification based on property cash flow
• No personal income qualification in many scenarios
• Flexible ownership structures
• Interest-only options available on some programs
• Financing for experienced and first-time investors
• Expanded property investment opportunities

• Investment properties only
• No owner-occupied financing
• Loan qualification based on rental income
• Flexible reserve requirements
• Higher maximum loan amounts than many conventional investor programs
• Ability to close in LLCs or corporate entities depending on lender guidelines

DSCR financing has become one of the most popular mortgage solutions for real estate investors seeking to scale portfolios without traditional personal income limitations.

A P&L (Profit & Loss) loan is a specialized Non-QM mortgage program designed for self-employed borrowers who may not have recently filed tax returns or who prefer qualifying through business financial performance rather than traditional income documentation.

Instead of relying primarily on tax returns, this program allows borrowers to qualify using a CPA-prepared or licensed-tax-preparer-prepared Profit & Loss statement that reflects business income and expenses over a designated period.

• Business owners
• Entrepreneurs
• Self-employed professionals
• Borrowers with tax extensions
• Clients with significant tax write-offs
• High-income earners with complex financial structures

• Alternative income verification
• Reduced reliance on filed tax returns
• Flexible underwriting
• Alternative documentation review for eligible borrowers
• Financing solutions for borrowers with delayed filings or complex returns

• CPA-prepared or licensed-tax-preparer-prepared Profit & Loss statement
• Business bank statements in some scenarios
• Verification of business existence
• Credit and reserve requirements depending on program guidelines
• Additional documentation based on underwriting review

P&L loans provide an alternative path to financing for self-employed borrowers whose true earning capacity may not be fully reflected through traditional tax return qualification methods.

The information provided above is for general educational and informational purposes only and should not be interpreted as a commitment to lend, preapproval, underwriting approval, or financial advice. Loan programs, eligibility requirements, interest rates, debt-to-income ratios, reserve requirements, and financing terms may vary based on borrower qualifications, credit profile, occupancy, property type, loan amount, and applicable underwriting guidelines.

Non-QM loans are not agency-qualified mortgages and may involve alternative documentation standards, expanded underwriting flexibility, or higher interest rates compared to traditional mortgage programs. Not all borrowers will qualify for all loan products described above.

All mortgage loans are subject to credit approval, property approval, verification of income or alternative qualifying documentation, and investor or lender underwriting requirements.

Interest rates, APRs, loan terms, and program availability are subject to change without notice and may not be available at the time of loan commitment or lock-in.

Westmount Financial Group Inc DBA WestFi is an Equal Housing Opportunity mortgage company. We fully comply with the Equal Credit Opportunity Act (ECOA), Fair Housing Act, and all applicable federal and state lending regulations.

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