Loan Programs

Non-QM

Name: Elite Fundings — California Mortgage Team
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (626) 833-7449
Price range: $$

Non-Qualified Mortgage — loans that don't meet CFPB's QM rules (debt-to-income limits, amortization structure, ability-to-repay checks in the standard form).

Non-QM isn't unregulated. It still follows Ability-to-Repay rules — but with different documentation or structure. Bank statement, 1099-only, P&L-only, asset depletion, ITIN, foreign national, and DSCR programs are all non-QM.

Non-QM exists for borrowers who are genuinely creditworthy but don't fit the narrow agency box: self-employed with aggressive write-downs, investors scaling past the Fannie limit, retirees with assets but low documented income, recent credit-event recoveries, or non-US-credit foreign nationals.

Non-QM rates run 1–2.5% above comparable conventional, reflecting the non-agency nature. For borrowers who can't close conventionally, it's typically the difference between "loan closes" and "no deal."

This site does not quote a rate or APR you can lock. A rate, APR, and terms depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors, and come from a licensed loan officer. Not all applicants will qualify.

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