Who It Fits
Who non-QM is for.
Conventional underwriting is built around one kind of borrower: salaried, W-2, two years with the same employer, a tidy debt-to-income ratio. If that’s you, take the conventional loan — it’s cheaper and simpler.
Non-QM is for everyone else whose income is real but doesn’t photograph well on a tax return:
- The self-employed owner who writes off enough that their 1040 understates what they actually clear
- The 1099 contractor or commission earner with strong deposits and no W-2
- The business owner whose accountant hands them a P&L, not a pay stub
- The borrower with substantial assets but no traditional paycheck — recently sold a business, retired, between roles
- The ITIN borrower without a Social Security number who still has income, credit, and a down payment
We’re a broker and non-delegated correspondent with 80+ investor relationships, which means when your file doesn’t fit one lender’s box, we move it to one where it does. You don’t change your life to fit the loan. We find the loan that fits your life.
The Programs
Each qualifies you a different way.
We’ll run the one — or the blend — that puts you in the strongest position.
Bank statement loans
For the self-employed. Instead of tax returns, we qualify you on 12 or 24 months of bank statements, using your actual deposits to establish income. The write-offs that shrink your taxable income stop working against you here.
P&L loans
A step lighter than bank statements for some business owners: qualify on a CPA- or accountant-prepared profit-and-loss statement, sometimes with limited statement support. Ideal when your books tell the story cleanly. Our team closes these regularly.
Asset-utilization & asset-depletion loans
Qualify on your liquid assets instead of employment income — either by holding enough to satisfy the program, or by converting your portfolio into a monthly qualifying figure without liquidating a dollar of it. Built for entrepreneurs, retirees, and post-exit founders.
1099-only loans
For contractors, gig earners, and commissioned professionals: qualify on your 1099s rather than full tax returns — the income you’re actually paid, without the personal-return drag.
ITIN loans
For borrowers who file taxes with an Individual Taxpayer Identification Number instead of a Social Security number. Real income, real credit paths, real homeownership — a program most lenders simply don’t offer.
No-Doc / no-ratio
The lightest-documentation programs, oriented mainly toward investment and business-purpose scenarios where the file is qualified on the deal rather than personal income. For a rental specifically, the right tool is usually a DSCR loan, which qualifies on the property’s own cash flow.
How It Works
How qualifying actually works.
Non-QM doesn’t mean “no underwriting.” It means a different, legitimate way to prove the same thing — that you can comfortably repay the loan. We confirm your ability to repay using the method that matches your income: deposits, assets, a P&L, or 1099s. Credit, reserves, and the property still matter. What changes is that your tax returns stop being the only lens.
The practical path with us:
- Tell us how you earn. Five minutes on the phone usually tells us which program fits.
- We match you to the right investor out of our 80+ — not force your file through one box.
- You document it the alternative way — statements, asset accounts, or a P&L instead of two years of returns.
- We close it. These are the files we run every week.
Why Olympus
Why Olympus for non-QM.
This is our lane. As a non-delegated correspondent we set our own margins and keep the relationships that make these programs available — so “the bank said no” is usually where our conversation starts, not where it ends.
Every file is handled by a licensed member of our team, and we’ll tell you exactly where you stand before you’re committed to anything.
Tell us how you earn. We’ll tell you honestly whether we can get it done.
