Non‑QM Mortgage Loans
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Last updated: 08/2025
Welcome to TopOne Mortgage—your Rockville‑based correspondent lender with in‑house warehouse funding for fast, flexible closings. Our Non‑QM programs are tailored for self‑employed borrowers, investors, and buyers with unique income situations across Maryland, Northern Virginia, and Washington, D.C.
What Is a Non‑QM Loan?
A Non‑Qualified Mortgage (Non‑QM) doesn’t follow standard agency rules but opens doors for borrowers who fall outside the box. Whether you’re self‑employed, investing in rental property, or relying on nontraditional income, our Non‑QM products offer smart, practical solutions.
- Bank statement loans: Use 12–24 months of personal or business deposits—no tax returns required.
- CPA or P&L loans: Qualify using a certified profit-and-loss statement or self-prepared P&L with bank statements.
- WVOE loans: Get approved with a written verification of employment—perfect for commission or tip‑based income.
- DSCR loans: For investors—use property cash flow to qualify, no income docs needed.
- Interest‑only options: Lower your monthly payments with interest‑only structures on select programs.
- Flexible credit: Recent credit events OK—including foreclosure, BK, or missed payments.
- Asset‑depletion: Use your liquid assets—such as savings, investments, or retirement funds—as qualifying income without employment.
Why Choose a Non‑QM Loan from TopOne?
- No tax returns required: Perfect for business owners, real estate investors, and gig workers.
- Tailored underwriting: We match your scenario to the right program—bank statements, DSCR, or P&L.
- Fast closings: Our Non‑QM lenders offer 21–30 day turn times with digital e‑sign capability.
- Investor‑friendly: Close in an LLC or trust, no income docs needed for qualifying rental cash flow.
- Flexible down payments: As low as 10 %, depending on credit strength, reserves, and LTV.
- Credit event flexibility: Recent credit setback? You may still qualify just 12–24 months after a BK, foreclosure, or short sale.
- One point of contact: Work with the same experienced loan officer from app to close.
- Transparent fees: Clear cost structure—no hidden junk fees or surprise charges.