Alternative Mortgage Financing
Discover how a Non-QM mortgage loan may be the right financing solution for you.
Alternative Mortgage Financing: Non-QM Loans
Non-QM loans — or Non-Qualified Mortgage loans, are a category of alternative mortgage financing built for borrowers who fall outside the strict eligibility requirements of conventional lending. These loans provide an alternative path to homeownership, offering flexibility for individuals with non-traditional income streams, such as the self-employed, or those with credit challenges, including a bankruptcy or foreclosure, minimal credit or no credit. Non-QM loans provide a flexible path to home financing for those with an SSN or ITIN, looking to purchase or refinance a traditional or unique property when conventional mortgages fall short.
First National Bank of America is a leading Non-QM mortgage lender licensed in all 50 states. We specialize in tailored loan solutions that meet borrowers where they are — offering alternative income documentation, flexible underwriting, and programs designed for the full spectrum of Non-QM borrowers.
See how Alternative Mortgage Financing can satisfy home financing needs for the following situations:
Traditional lenders rely on W2’s — but your income tells a more complex story. Non-QM provides business owners, freelancers, and gig workers a reliable path to mortgage approval without conventional income verification requirements.
If you are using a U.S. Individual Tax Identification Number (ITIN, getting a home loan is possible. Non-QM loans can help you purchase or refinance a home in all 50 states.
Non-QM loans provide financing solutions for mobile homes, non-warrantable condos, vacant land, mixed-use properties, and other non-traditional property types that fall outside standard agency guidelines.
If you’ve faced a credit challenge such as bankruptcy or foreclosure, a thin credit history or no credit, traditional lenders may turn you down. Non-QM loans are designed to help you secure home financing despite these obstacles.
Ready to make your next move?
Unlock Your Home’s Full Financial Potential with FNBA’s Non-QM Equity Solutions
For homeowners and real estate investors looking to maximize the value of their existing home equity, FNBA delivers two industry-leading Non-QM loan solutions designed for flexibility, financial efficiency and long-term wealth building. Whether you’re looking for a home equity line of credit or you’re ready to leverage one property to acquire or renovate another without a traditional down payment, our innovative lending programs are built for borrowers that are looking beyond conventional financing. From the FlexFirst HELOC to the exclusive Dual Core loan program, FNBA empowers you to put your equity to work – on your terms.
FlexFirst HELOC is a 1st lien home equity line of credit that replaces a primary mortgage and includes an integrated checking account with a “sweep” feature. It’s an alternative to a traditional cash-out refinance — with no minimum draw requirements, just the flexibility to draw on your equity when you need it. Perfect for real estate investors, small business owners who need working capital or borrowers looking to accelerate their payoff or consolidate higher interest debt.
Dual Core Loan Program is a great alternative to a standard HELOC or bridge loan – designed for people who need to tap into equity in an existing property in order to finance a second while reducing or eliminating traditional down payment requirements. One Non-QM loan. Two properties. Maximum capital efficiency.
Alternative Mortgage Financing Offers Flexible Income Documentation Options.
Unlike traditional loans, Non-QM mortgages allow the use of alternative income documentation, making it easier to qualify. At FNBA, we have income options to fit all types of borrowers and only require 12 months of income history utilizing any of the below options:
Profit & Loss Only
Bank Statements
Seasoned Assets
Traditional Methods
Find Out What You May Qualify For
Every borrower’s financial profile is different. Tell us a little about yours, and one of our Non-QM mortgage specialists will show you which loan programs fit your goals — no commitment, no obligation.
Take the next step
Purchase, Refinance or Consolidate Debt
Want to talk to a member of our team? 1-833-394-8404
View our Frequently Asked Questions for more information.