Bank statement · ITIN · Foreign national
Florida non-QM loans
Investor programs outside Fannie, Freddie, FHA, VA, and USDA for self-employed, ITIN, and foreign-national Florida files.
- Who it fits
- Self-employed Florida buyers, recent credit events, ITIN borrowers, and foreign nationals purchasing Florida property.
- Typical down / structure
- Typically 10–30%
Non-QM (non-qualified mortgage) loans are investor programs outside Fannie, Freddie, FHA, VA, and USDA. They are designed for self-employed borrowers, recent credit events, foreign nationals, and ITIN files. Pricing is higher than agency loans because the investor is taking more risk — but the alternative is often “no” from a bank.
Bank-statement qualification uses deposits, not two years of tax returns that write income down. Foreign-national and ITIN purchases are common in South Florida. Investment-property cash-flow qualification is its own product: nationwide DSCR.
- Bank statement (12 or 24 month) when tax returns understate cash flow
- ITIN and foreign national overlays
- Asset-based when income is not the story
- Florida property; consumer non-QM is Florida origination
If the property is a rental and you want rent-based qualifying, that is DSCR — possibly in another state. If it is your Florida home, it is non-QM or agency.