Non Qualified Mortgage loans, also called Non QM, help when traditional rules do not fit. These programs consider real income through bank statements, 1099 forms, profit and loss, or assets. Mike Wright structures a clear plan from application to closing. Office at 2130 Main St, Suite 250, Huntington Beach. Serving California as the main location. Licensed in AZ, CA, FL, ID, TN, and WY.
Non Qualified Mortgage loans use real world income instead of only tax returns. Bank statement programs review deposits over a set period to calculate qualifying income that reflects how you actually earn. This helps when write offs reduce taxable income. Mike Wright confirms the right statement period and expense factor, then prepares a clean file for underwriting.
Independent professionals can qualify through 1099 and profit and loss pathways when standard W2 rules do not fit. Lenders review documented revenue and trends to build a fair income picture. Mike Wright organizes statements, letters, and year to date summaries, then aligns the numbers with program guidelines so your application presents stability, clarity, and a strong path to approval.
Investors can use DSCR programs that qualify the property based on its rental income rather than personal income. The focus is on the ratio of rent to payment and costs. Mike Wright helps you evaluate market rents, loan terms, and reserves, then models scenarios so you see cash flow, down payment choices, and pricing before you move forward.
High asset households may qualify using asset depletion or asset utilization that converts savings and investments into qualifying income. Lenders look at account types and balances to calculate an income figure. Mike Wright documents sources, confirms seasoning, and explains how this approach affects payment and reserves so your plan aligns with both liquidity and long term goals.
Non QM programs can offer flexibility after recent credit events when you meet program rules. Lenders evaluate overall stability, down payment, and reserves rather than a single score. Mike Wright reviews timelines after events such as a bankruptcy or short sale, then designs a path that balances loan structure, cash to close, and steps that strengthen approval.
Preparation makes Non QM loans straightforward. Mike Wright builds a checklist for statements, letters, and assets, then explains timelines, rate locks, and closing steps. You will see clear numbers for payment, cash to close, and reserves before you shop. With steady updates and lender choice, your file moves smoothly from application to funding with fewer surprises.
You get lender choice, careful preparation, and straight answers. Mike Wright understands how underwriters evaluate cash flow and assets, organizes documents, and communicates with all parties. Based in Huntington Beach and serving California as the main location, Mike is licensed in AZ, CA, FL, ID, TN, and WY. Your Non QM plan supports both today’s purchase and tomorrow’s goals.
Start here to see how Non QM loans work, who qualifies, and how income is documented through bank statements, 1099 forms, profit and loss summaries, or assets. Learn what lenders review, which documents to gather, and when a future refinance to a conventional loan can lower costs. Mike Wright provides guidance from pre approval to closing.
It is a home loan that uses alternative documentation when traditional guidelines do not fit. Lenders may review bank statements, 1099 forms, profit and loss statements, or assets to understand real income. The goal is a fair assessment of your ability to repay when tax returns do not tell the full story.
Self employed borrowers, independent contractors, retirees with substantial assets, and investors often benefit from Non QM options. If you have strong cash flow or assets but your tax returns show lower income due to write offs, this path can open financing with terms that match how you actually earn or invest.
Instead of relying only on adjusted taxable income, lenders review deposits, expense factors, year to date results, or asset balances to calculate qualifying income. The method depends on the program you choose. Mike Wright explains the approach for your file and provides estimates so you know what to expect before you apply.
Guidelines vary by program and lender. Non QM approvals consider overall stability, reserves, and down payment along with credit history. Recent events such as a bankruptcy or short sale may be acceptable after set timelines. Mike Wright reviews your profile and matches you with programs that fit your goals and risk tolerance.
Expect identification, bank statements, 1099s if applicable, a year to date profit and loss when needed, and statements for assets and reserves. You may provide business licenses or a CPA letter to support your file. Mike Wright builds a focused checklist and reviews everything for completeness before submission to support a smooth approval.
Pricing reflects market conditions and the documentation path. Rates can be higher than conventional loans that use standard income methods, but the value is access to financing that fits your situation. Mike Wright compares options side by side so you see payment, cash to close, and long term costs before you decide.
Yes. Many clients use a Non QM loan to purchase today, then move to a conventional loan when equity grows and income seasons. This can reduce costs over time. Mike Wright tracks milestones and reviews the numbers at key checkpoints to see if a refinance benefits your plan.
You get thoughtful preparation and clear communication. Mike Wright understands how to present self employed income and assets, how to organize documents, and how to guide underwriting questions. With a Huntington Beach office and service across California, you receive local insight and a steady plan from application to funding.
