WHAT IS A 1Y or 2Y FULL DOC NON-QM LOAN?
A 1Y + 2Y Full Doc Non-QM loan is a flexible mortgage option for borrowers who can document their income but may not meet traditional guidelines. This Non-Qualified Mortgage program accepts full documentation over one or two years, and is ideal for borrowers with unique financial circumstances, high DTI, or recent credit events.
1Y or 2Y FULL DOC NON-QM
LOAN OVERVIEW:
The 1-Year or 2-Year Full Doc Non-QM loan is designed for borrowers who have verifiable income and assets but fall outside of traditional agency loan guidelines. Whether due to credit events, employment structure, or unique financial profiles, this program offers a more flexible path to home financing.
Borrowers can qualify using either one year or two years of full documentation, such as W-2s, tax returns, or 1099s, depending on what best supports their income story. This makes it a strong option for self-employed individuals, business owners, or anyone who needs an alternative to conventional underwriting.
With expanded eligibility and custom-fit qualification options, this program helps qualified borrowers access competitive financing — even when they don’t meet Fannie Mae or Freddie Mac standards.
PROGRAM BENEFITS
- Accepts full income documentation including W-2s, 1099s, or tax returns
- Up to 90% CLTV available, allowing for low down payment options
- Loan amounts available up to $4 million, making it ideal for high-value properties
- DTI ratios up to 55% permitted on primary residences
- Minimum 3 months of reserves required for most scenarios
- Offers greater flexibility in credit, income, and asset requirements compared to conventional loans
- Suitable for borrowers with recent credit events or non-traditional income sources
REQUIREMENTS
- No score or minimum FICO of 620, depending on program structure
- Must provide 1 or 2 years of full documentation (W-2s, 1099s, or tax returns)
- Verifiable employment or self-employment is required
- DTI up to 55% allowed for owner-occupied transactions
- Must meet minimum reserve guidelines, typically 3–6 months depending on loan terms
- Borrower and property must meet standard Non-QM eligibility criteria
LOAN OPTIONS:
This program is ideal for borrowers who can fully document their income but don’t qualify under standard agency guidelines. Whether it’s due to a higher DTI ratio, recent credit challenges, or non-traditional employment, this loan offers flexibility where conventional financing falls short.
It’s a strong solution for self-employed individuals, borrowers with variable income, or those recently transitioning between jobs or business structures. By accepting 1 or 2 years of W-2s, 1099s, or tax returns, it creates a path to financing without the strict limitations of traditional loans.
Whether you're purchasing a primary residence or refinancing, the Full Doc Non-QM loan meets borrowers where they are — without sacrificing competitive loan terms.
How Do You Qualify for a 1Y or 2Y Full Doc Non-QM Loan?
To begin, give us a call at (213) 810-2091. We’ll help you determine whether 1 or 2 years of documentation gives you the best chance of qualifying.
Borrowers must provide complete income documentation — including either W-2s, 1099s, or tax returns — for the most recent one or two years. You’ll also need to verify current employment or self-employment and provide documentation for asset reserves, typically 3–6 months.
This program is designed for qualified borrowers who may not fit inside the conventional lending box — but still have reliable income and a strong financial profile.
HOW LOW WILL YOUR PAYMENT BE?