Non-QM
Bank statement, asset depletion, and self-employed solutions.
Non-QM is the bucket for buyers whose tax returns do not tell the full story — restaurant owners, contractors, salespeople with strong deposits but heavy write-offs. Bank statement loans qualify on 12 or 24 months of deposits. Asset depletion qualifies on liquid net worth.
These programs carry slightly higher rates than agency, but they close deals that conventional cannot touch. For Louisiana entrepreneurs and 1099 earners, this is often the cleanest path home.