Loan Programs
Non-QM
Not every borrower fits into the traditional mortgage box—and that's okay.
Non-QM (Non-Qualified Mortgage) loans are designed for buyers with unique financial situations, offering flexible qualification options for self-employed borrowers, real estate investors, independent contractors, ITIN borrowers, and others whose income may not be reflected by traditional documentation.
At PRMI, we offer a variety of in-house Non-QM solutions to help more borrowers achieve their homeownership and investment goals.
Types of Non-Qm Products
Jumbo Loans:
A great option for qualified buyers seeking financing for luxury homes or homes above conforming loan limits.
Investor Loans:
Our in-house DSCR loans allow investors to qualify using projected or existing rental incomerather than personal income.
Bank Statement:
Ideal for self-employed homebuyers whose bank statements better reflect their income than traditional tax documents.
1099 Loan Program:
Our 1099 Loan program allows eligible borrowers to qualify using their 1099 earnings, providing a flexible alternative to traditional income documentation.
ITIN Loan Program:
Designed for homebuyers who use an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number.
Bridge Loan:
Bridge the gap between buying and selling with short-term financing that gives you greater flexibility.
Ready for a home away from home?
Buying a second home doesn’t have to mean jumping through endless hoops or putting 20% to 25% down like an investment property.
Key PRMI Second Home Guidelines:
As Little as 10% Down – Keep more cash in your pocket while locking in conventional financing.
Competitive Conventional Rates – Benefit from favorable terms for non-primary residences.
Flexible DTI & Credit Terms – Qualify up to 50% DTI with minimum 680+ credit scores.
No W-2? No Tax Returns? No Problem.
Real estate investing should be about cash flow, not paperwork. DSCR loans look at one main metric: Does the property generate enough rental income to cover the mortgage?
Why Investors Choose DSCR:
No Personal Income Verification – Qualify based on property cash flow.
Unlimited Scalability – Bypass traditional debt-to-income limits.
LLC Friendly – Close under your business or entity hassle-free.
Have Questions? Contact one of our local experts today!
