Welcome to Simply Approved Mortgages, where we specialize in making non-QM loans accessible and straightforward for you. Whether you’re a self-employed professional, have a unique financial situation, or simply need more flexibility in your mortgage, our non-QM loan options can be the perfect solution.
Non-QM loans, or Non-Qualified Mortgage loans, are mortgage products designed for borrowers who don’t meet the strict guidelines of Qualified Mortgages (QM). These loans provide alternative paths to home financing for individuals with non-traditional income, unique credit histories, or special property needs. They prioritize flexibility and accessibility, offering options that go beyond conventional lending requirements.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Alternative Income Verification:
Credit Flexibility:
No Strict DTI Caps:
Diverse Property Types:
Custom Loan Terms:
At Simply Approved Mortgages, we operate with a 1.5% fee, significantly below the industry standard. This ensures more savings for borrowers without compromising service quality.
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Non-QM loans are ideal for:
Self-Employed Borrowers:
Real Estate Investors:
Credit-Challenged Borrowers:
High-Net-Worth Individuals:
Borrowers with Unique Properties:
Flexibility for Unique Borrowers:
Quick Approvals:
Expanded Loan Limits:
No Prepayment Penalties:
Customizable Payment Options:
| Feature | Non-QM Loans | Qualified Mortgages (QM) |
|---|---|---|
| Income Verification | Accepts alternative documentation | Requires W-2s, tax returns |
| Credit Flexibility | Tolerates recent credit events | Requires a clean credit history |
| DTI Ratio Limits | No strict limits | Typically capped at 43% |
| Property Types | Non-traditional and high-value properties | Standard property types only |
| Borrower Profiles | Self-employed, investors, or credit-challenged | Wage earners with stable income |
Credit Score:
Income Verification:
Down Payment:
Property Types:
Loan Amounts:
Gather Documentation:
Get Pre-Approved:
Your Mortgage Journey Starts Here:
Close Your Loan:
At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:
👉 Explore these options today and find the perfect mortgage solution for your needs!
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
A Non-QM loan is a mortgage designed for borrowers who don’t meet Qualified Mortgage standards, offering flexible qualification criteria.
Yes, self-employed borrowers can use alternative income documentation, such as bank statements or profit-and-loss statements, to qualify.
Non-QM loans often have higher interest rates due to their flexible qualification standards but offer tailored solutions for unique financial needs.
Yes, Non-QM loans are ideal for real estate investors, particularly those using rental income or DSCR-based qualification.
Down payments typically range from 10%-20%, depending on the borrower’s profile and loan terms.
Get a free credit score check to understand where you are and how to move forward.
Small changes in your credit score can lead to significant savings on your mortgage.
Stay on top of your credit health with credit monitoring, so you can catch issues early and maintain a strong score.
Discover how your credit score affects your mortgage options and rates. Plus, get personalized offers through our partner services to help you find the best loan for your financial situation.
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Remember that a good credit score can lower your interest rate on your mortgage.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Reduce your monthly payment or loan term while unlocking the full potential of your home’s equity!
Unlocking the American Dream, One Home at a Time
NMLS# 2620881 | NMLS Consumer Access Record