This is how non-QM is critically helping achieve the American Dream

But that isn’t what compelled me to write this opinion letter to the readers of HousingWire. Indeed, it bears highlighting that the Non-QM market is increasingly critical to helping specific segments of the population who do not fit the conventional “box” achieve the American Dream.

Non-QM lending allows borrowers with nontraditional income sources, such as self-employed individuals, freelancers, and gig workers, to qualify for mortgage financing. This is because traditional income verification requirements for government or government-sponsored loans, including those from Fannie, Freddie, or Ginnie Mae, may not be applicable.

Non-QM also accepts borrowers with past credit issues that have been remedied and borrowers with limited credit history (often recent…