Non-QM loans from The 2 Mortgage Guys at Luminate Bank. Bank-statement, 1099, and in-house options when tax returns do not show the full income picture.
Non-QM stands for Non-Qualified Mortgage — a loan that does not follow the strict Qualified Mortgage (QM) rules most conventional lenders use. QM loans require standard income docs like W-2s and tax returns. Non-QM exists because many borrowers — especially self-employed professionals and business owners — have strong cash flow and a clear ability to repay, but their tax returns do not tell the full story. These programs use alternative documentation, such as bank statements, to qualify you based on how you actually earn and spend.
Traditional mortgages require W-2s and tax returns, leaving many qualified borrowers behind. Non-QM loans use alternative documentation like bank statements, asset depletion, or 1099s to verify your ability to repay. Perfect for self-employed professionals, business owners, and those with complex income structures.
Multiple options to verify income and qualify for a mortgage
In-House Lending
Unlike brokers who shop Non-QM files across outside lenders, The 2 Mortgage Guys originate Non-QM loans in-house through Luminate Bank . That means your bank statement, 1099, asset depletion, DSCR, or WVOE file is underwritten by the same institution that will fund your loan — not handed off to a third party after you apply.
Ryan Minick and Steve DeLon work directly with Luminate Bank's Non-QM guidelines and underwriting team. You get clearer expectations, fewer surprises mid-process, and a single point of contact from pre-approval through closing.
2MG Daily
Recent articles from our blog covering Non-QM loans, bank statement financing, and self-employed options.
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Do not let tax write-offs stop you from buying a home. Explore bank statement loan options today.
Ryan Minick and Steve DeLon - Branch Managers and Senior Loan Officers at Luminate Bank.
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Steve DeLon NMLS# 202876
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