Secure non-QM loans in Michigan, including bank statement, 1099, and asset depletion mortgages. REIF Loans offers flexible DSCR alternatives for investors.
Not every borrower fits the conventional mortgage box and that’s where Non QM (Non-Qualified Mortgage) loans come in.
REIF Loans provides flexible Non-QM financing in Michigan for business owners, freelancers, and real estate investors who need options beyond traditional income verification.
Whether you’re applying with bank statements, 1099s, or assets instead of W-2s, our team helps you secure the right mortgage to match your unique financial profile.
Non-QM loans are mortgages that don’t follow standard underwriting rules like Fannie Mae or Freddie Mac. Instead, they allow alternative income verification for borrowers with strong assets, cash flow, or self-employment income.
Unlike conventional loans, Non-QM options focus on your real financial picture not just a tax return.
Asset depletion loans allow qualified borrowers to use investment or savings accounts as a source of income for loan approval.
It’s an excellent fit for retirees, investors, or individuals with significant financial portfolios but limited earned income.
Lenders divide your total verified assets by a fixed term (typically 360 months) to calculate monthly qualifying income.
With REIF Loans, Michigan borrowers can leverage their wealth to purchase or refinance property without traditional income documentation.
Some Michigan investors prefer to qualify using rental property cash flow rather than personal income. That’s where DSCR (Debt Service Coverage Ratio) alternatives fit in.
The loan qualifies based on property income covering debt payments.
Formula: DSCR = Net Operating Income ÷ Total Debt Service
For Michigan investors managing multiple rentals or Airbnbs, DSCR alternatives simplify financing and help scale portfolios efficiently.
Choosing a Non-QM mortgage through REIF Loans provides flexibility and opportunity where conventional lenders stop short.
From Grand Rapids to Traverse City, our Non-QM programs are designed for real-world borrowers who deserve fair and reliable lending options.
At REIF Loans, we understand that self-employed and investor clients need lenders who look beyond paperwork. Our Michigan-based Non-QM experts provide clear communication, local insight, and honest guidance every step of the way.
Whether you’re refinancing, buying, or growing your portfolio, we make complex loans simple to understand and easy to close.
Rates can be slightly higher than conventional loans but are offset by easier qualification and faster approvals.
Yes. Non-QM loans allow recent bankruptcies or foreclosures, depending on recovery time and assets.
Alternative documentation like bank statements, 1099s, or asset proof replaces traditional income verification.
Yes, REIF Loans offers Non-QM financing across all Michigan markets.
Whether you’re self-employed, asset-rich, or building your real estate portfolio, REIF Loans makes Non-QM financing straightforward and reliable.
Let our Michigan experts guide you through every step from prequalification to closing.
REIF Loans currently offers mortgage and loan services in select licensed states. Information provided on this website, including references to Non-QM loans, commercial loans, and conventional loans, is for general educational and informational purposes only and does not constitute an offer to lend in jurisdictions where REIF Loans is not licensed. Loan availability, terms, and conditions may vary by state. Please contact us directly to confirm eligibility and licensing for your specific location.
