Seattle and King County are hubs of innovation and entrepreneurship, attracting a diverse population of self-employed professionals, freelancers, and individuals with complex financial profiles. While traditional mortgages often favor W-2 income, your unique financial situation shouldn't be a barrier to homeownership. This is where Non-Qualified Mortgage (Non-QM) loans shine.

What are Non-QM Loans and Why are They Relevant in Seattle?

Non-QM loans are designed for borrowers who don't fit the rigid criteria of conventional mortgages but are still highly creditworthy. In a market like Seattle, where many thrive outside traditional employment structures, these loans are a game-changer. They allow lenders to consider alternative forms of income verification, providing flexibility that traditional loans lack.

Tailored Solutions for Your Unique Income

Bank Statement Loans: Ideal for self-employed individuals, small business owners, or freelancers who show consistent income through their business or personal bank accounts. Instead of tax returns, lenders can qualify you based on 12-24 months of bank statements.

Asset-Based Loans: If you have significant assets (stocks, bonds, retirement accounts) but your current income doesn't meet traditional guidelines, these loans can use your liquid assets for qualification. This is perfect for high-net-worth individuals or those with substantial wealth.

1099 Loans: For independent contractors who receive 1099 forms, this option allows qualification based on your 1099 income, bypassing the need for traditional W-2s.

DSCR (Debt Service Coverage Ratio) Loans: Primarily for real estate investors, these loans qualify based on the property's potential rental income covering the mortgage payment, not your personal income.

Why Choose a Non-QM Loan with My Expertise?

Navigating Non-QM options requires a loan officer with deep knowledge and access to a wide range of products. With access to over 2,000 loan products, I specialize in finding creative solutions for unique financial situations.

Don't let an unconventional income stream deter your Seattle/King County homeownership dreams. There's likely a Non-QM solution that's perfect for you.

Ready to explore your Non-QM options? Contact me for additional questions or assistance on your home loan needs!