Non QM Loans Florida – Flexible Mortgage Options for Unique Borrowers

If you’re self-employed, an investor, or simply don’t fit the traditional mortgage box, non QM loans Florida programs can open doors that conventional lenders often close.

At North Star Mortgage Network, we specialize in flexible, smart financing for borrowers who have strong income potential but don’t meet rigid underwriting standards. Whether you earn through 1099s, business ownership, or investment income, we can help you qualify — without the roadblocks of traditional verification.

home-loan.jpg

What Are Non QM Loans?

Non-QM loans, short for “Non-Qualified Mortgage,” are mortgage programs that don’t follow the strict rules set by Fannie Mae or Freddie Mac.

These loans are ideal for:

  • Self-employed borrowers using bank statements or profit-and-loss statements

  • Real estate investors seeking DSCR (Debt Service Coverage Ratio) loans

  • Borrowers with recent credit events, such as bankruptcy or foreclosure

  • Homebuyers using asset depletion or retirement funds as income

  • Buyers who need interest-only payment flexibility

Unlike traditional loans, non QM loans Florida focus on your ability to repay, not on how your income is documented.

Learn more about national QM standards at ConsumerFinance.gov.

Benefits of Non QM Loans Florida

Choosing a non QM loan gives you flexibility and access to financing solutions that better match real-world income patterns.

Key benefits include:

  • Alternative income documentation: Qualify with 12- or 24-month bank statements, 1099s, or business revenue.

  • No tax returns required: Perfect for entrepreneurs and freelancers.

  • Flexible credit guidelines: Shorter waiting periods after credit events.

  • Higher loan limits: Ideal for luxury or investment properties.

  • Faster approvals: Simplified underwriting and less red tape.

Our experienced team structures every file for success — maximizing your approval potential while keeping terms competitive.

Who Qualifies for Non QM Loans

If traditional lenders have turned you away, you may still qualify for a non QM loan. Common scenarios include:

  • Self-employed professionals who write off business expenses

  • Real estate investors using rental cash flow to qualify

  • Retirees relying on liquid assets instead of monthly income

  • Borrowers with strong equity but nontraditional credit patterns

Typical guidelines require:

  • Credit scores starting around 600

  • 10%–20% down payment (varies by program)

  • Verifiable assets or income documentation

  • Loan amounts from $100,000 up to $3 million+

Each case is reviewed individually — ensuring your financial story is evaluated fairly and completely.

Types of Non QM Loan Programs

At North Star Mortgage Network, we offer a range of non QM loans Florida buyers rely on:

  • Bank Statement Loans – Use personal or business deposits as income.

  • DSCR Investor Loans – Qualify based on rental income coverage.

  • Asset Depletion Loans – Convert assets into qualifying income.

  • Interest-Only Loans – Lower monthly payments during early years.

  • Foreign National Loans – Designed for non-U.S. residents buying Florida property.

Each program is tailored to meet your specific income, goals, and property type.

Local Focus – Florida Non QM Loan Experts

With over 25 years of experience, North Star Mortgage Network has helped borrowers throughout Jacksonville, St. Johns, Clay, and Duval County find creative solutions that national banks simply don’t offer.

Our local advantage means faster closings, better communication, and programs aligned with Florida’s real estate market. We’re not a call center — we’re your local partner for life.

Contact North Star Mortgage Network Inc. today to learn if a Non-QM Loan is right for you!