Many programs commonly start in the mid-600s. Higher scores unlock sharper Non-QM pricing and more LTV flexibility — here is how credit tiers typically work with deposit-based income.
Illustrative ranges we see on Indiana Non-QM files — your investor may differ.
Common entry
Mid-600s+
Many programs begin here with solid deposits and equity
Stronger pricing
700+
More investor choices and typically better rate tiers
Best Non-QM pricing
740+
Often unlocks sharper terms and higher LTV options
Down payment
10–20%+ common
Lower scores usually need more equity
Reserves
2–6 months PITIA
Helps offset thinner credit or variable income
Recent credit events
Case-by-case
Lates, collections, and inquiries still get reviewed
Credit floors and pricing tiers vary by investor and change without notice. Not a guarantee of approval.
Credit is a pricing lever on Non-QM — not just a pass/fail gate.
Non-QM investors price by score band. Moving from the mid-600s into the 700s can cut monthly cost even when deposit income stays the same.
Higher scores often support higher LTVs (smaller down payments). Lower scores typically need more equity to clear guidelines.
Extra down payment, strong reserves, and clean recent payment history can offset a score near the program floor.
A 760 score cannot fix thin or erratic deposits. Underwriters need both a workable score and a consistent revenue story.
Paying down revolving balances, correcting report errors, and avoiding new inquiries before application can lift a mid-tier score into a better Non-QM pricing band.
If timing matters more than waiting for points, a larger down payment and stronger reserves may still clear a mid-600s program — we run the numbers both ways.
Ryan & Steve pull the real credit picture with your deposit history so you know whether to apply now or wait 30–60 days for a better tier.
Before you apply
Related bank statement guides and Non-QM resources from Ryan & Steve.
Full eligibility snapshot: credit, equity, reserves, and deposits.
Why deposit-based Non-QM fits business owners and 1099s.
How deposits become qualifying income for DTI.
Full program hub with guidelines and Get Pre-Approved CTAs.
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Many Non-QM bank statement programs commonly start in the mid-600s. Stronger scores — especially 700+ and 740+ — typically unlock better pricing, higher LTVs, and more investor options. Exact floors vary by investor and loan scenario.
Sometimes, with compensating factors like a larger down payment, strong reserves, and clean recent credit behavior. Options narrow and pricing may be higher. We confirm the matched investor before you write an offer.
Usually yes. Non-QM pricing is tiered by credit, LTV, and loan size. Improving from the mid-600s into the 700s can meaningfully change monthly payment and cash to close.
No. Deposit history, down payment, reserves, property type, and self-employment length all matter. A strong score with thin or erratic deposits still fails — and a mid-600s score with stable deposits often succeeds.
Ryan & Steve pair your credit profile with a deposit income calc — so you see the Non-QM tier that actually fits before you shop homes.