Non-QM Loan Requirements in Florida
What you need for a non-QM loan in Florida: flexible documentation, credit, down payment, and reserves. Built for self-employed and complex income. Licensed FL mortgage broker NMLS# 1859012.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
Non-QM loans replace the rigid documentation of a conventional file with flexible options that fit real financial lives. You still meet standards on credit, down payment, and reserves, but how you prove income is up to which program suits you, whether that is bank statements, assets, 1099s, or property cash flow.
What You Need to Qualify
A non-QM loan swaps standard income verification for a documentation path that matches your situation. The lender still confirms your credit, down payment, and reserves to keep the loan sound.
Most Florida non-QM programs land in a similar range. Your exact terms depend on the documentation path, the lender, and your credit.
Ways to Prove Income
Non-QM is an umbrella over several programs. A bank statement loan uses 12 or 24 months of deposits to show cash flow. An asset-depletion loan converts your liquid assets into qualifying income. A 1099 loan uses your contractor earnings directly.
For investors, a DSCR loan qualifies on the property's rent instead of personal income at all. We match you to the path that gives the best combination of approval and pricing.
Eligible Borrowers
Non-QM loans serve self-employed business owners, 1099 contractors, investors, foreign nationals, ITIN borrowers, and anyone whose tax returns understate their true income. Recent credit events may also be accommodated.
The property can be a primary residence, second home, or investment. Talk through your income picture with us so we can point you to the right documentation path before you apply.
Non-QM Loan Requirements — FAQ
You need a documentation path that fits your income, such as bank statements, assets, 1099s, or property cash flow, plus a credit score generally in the 620 to 680 range or higher, a 10 to 20% down payment, and several months of reserves.
Non-QM loans accept 12 or 24 months of bank statements, asset depletion that converts liquid assets into income, 1099 contractor earnings, or property rent through a DSCR program. We match you to the path with the best approval odds and pricing.
Self-employed owners, 1099 contractors, investors, foreign nationals, ITIN borrowers, and anyone whose tax returns understate real income are strong candidates. Borrowers with recent credit events may also qualify when a conventional loan would decline them.
See Which Non-QM Path Fits You
Flexible documentation · Self-employed welcome · Licensed FL mortgage broker NMLS# 1859012
Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.