30+ Years Experience
150+ Wholesale Lenders
Licensed in 19 States
NMLS #139369
Select Programs to Compare (up to 4):
| Feature | Bank Statement Loan Self-employed, 1099 contractors, business owners | DSCR Investment Loan Real estate investors, rental property owners | Asset Depletion Loan Retirees, high-net-worth individuals, trust fund beneficiaries |
|---|---|---|---|
| Min Credit Score | 620 | 620 | 660 |
| Min Down Payment | 10% | 20% | 20% |
| Max LTV | 90% | 80% | 80% |
| Max DTI | 50% | N/A | 45% |
| Income Documentation | 12-24 months bank statements | Rental income only (lease or appraisal) | Liquid assets (bank/investment statements) |
| Tax Returns Required | |||
| Employment Verification | |||
| Reserves Required | 6-12 months PITI | 6-12 months PITI | 12-24 months PITI |
| Property Types | PrimarySecond HomeInvestment | Investment only | PrimarySecond HomeInvestment |
| Loan Purpose | PurchaseRefinanceCash-Out | PurchaseRefinanceCash-Out | PurchaseRefinance |
| Typical Rate Range | 7.5% - 9.5% | 7.25% - 9.0% | 7.75% - 9.75% |
| Typical Closing Time | 21-30 days | 21-30 days | 30-45 days |
Bank Statement Loan
Pros
- • No tax returns needed
- • Qualify with bank deposits
- • Fast approval process
- • Flexible income calculation
Cons
- • Higher rates than conventional
- • Requires consistent deposits
- • 50% expense ratio reduces income
- • More reserves needed
DSCR Investment Loan
Pros
- • No personal income verification
- • Qualify on rental income alone
- • Unlimited number of properties
- • Allows DSCR < 1.0 (some lenders)
Cons
- • Investment properties only
- • Requires 20% down minimum
- • Higher rates for DSCR < 1.0
- • Rental income must be documented
Asset Depletion Loan
Pros
- • No income documentation needed
- • Qualify using liquid assets
- • Good for retirees
- • Flexible property types
Cons
- • Requires substantial liquid assets
- • Higher credit score requirement
- • More reserves needed
- • Conservative income calculation
What Our Clients Say
"As a business owner, I was turned down by three banks. NS Funding got me approved in 3 weeks using my bank statements."
M
Michael R.
Restaurant Owner, NJ
"The DSCR loan process was seamless. No income docs, just the rental numbers. Closed on my 5th property in 21 days."
S
Sarah T.
Real Estate Investor, FL
"Professional, responsive, and they actually understand NON-QM lending. Best mortgage experience I've had."
D
David K.
Self-Employed, NY
Loan Comparison FAQs
Common questions about choosing the right NON-QM loan program.