Our Non-QM loans provide more leeway and are not subject to the same regulatory constraints as QM loans, which have specified standards for the borrower’s income, credit score, and debt-to-income ratio, among other factors. Borrowers who don’t qualify for a QM loan but still want a mortgage may be interested in non-QM mortgages. This could be those who are self-employed, have recently gone through a bankruptcy or short sale, or have a high net worth but a low income.