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Non-QM Lender List 2026: Top Wholesale Lenders for Non-QM Loans

Updated March 2026

📖 18 min read·Last updated: March 4, 2026

Finding the right Non-QM wholesale lender can make or break your pipeline. The difference between a good lender and a great one comes down to pricing, turn times, product flexibility, and broker support. According to HousingWire, Non-QM origination volume is projected to exceed $25 billion in 2026.

This is the most comprehensive list of Non-QM wholesale lenders available — maintained and updated regularly by mortgage industry professionals. If you're new to Non-QM, start with our complete Non-QM loan officer guide first.

⚠️ Important Note

Lender programs, rates, and guidelines change frequently. Always verify current offerings directly with each lender. This list is for informational purposes only and does not constitute an endorsement.

Top Non-QM Wholesale Lenders (2026)

1. Angel Oak Mortgage Solutions

Products:

DSCR, Bank Statement, 1099, Asset Depletion, Foreign National

Min Credit:

660

Max LTV:

90%

One of the largest Non-QM lenders. Fast closings, strong technology platform.

2. Deephaven Mortgage

Products:

DSCR, Bank Statement, Asset Qualifier, Foreign National, Non-Warrantable Condo

Min Credit:

620

Max LTV:

85%

Wide product menu. Competitive on bank statement programs.

3. Newfi Wholesale

Products:

DSCR, Bank Statement, P&L, Asset Depletion, 1099

Min Credit:

640

Max LTV:

90%

AI-powered underwriting for faster turn times. Strong DSCR program.

4. A&D Mortgage

Products:

DSCR, Bank Statement, Foreign National, Asset Utilization, Recent Credit Event

Min Credit:

620

Max LTV:

85%

Known for foreign national expertise. Multilingual support.

5. Acra Lending

Products:

DSCR, Bank Statement, Asset Qualifier, Recent Credit Event

Min Credit:

620

Max LTV:

80%

Reliable for DSCR. Good technology and broker support.

6. Sprout Mortgage

Products:

DSCR, Bank Statement, Asset Depletion, Foreign National

Min Credit:

640

Max LTV:

85%

Competitive pricing on DSCR. Strong West Coast presence.

7. Arc Home

Products:

DSCR, Bank Statement, Asset Qualifier

Min Credit:

660

Max LTV:

85%

Backed by institutional capital. Reliable closings.

8. Luxury Mortgage

Products:

DSCR, Bank Statement, Asset Depletion, 1099, P&L, Foreign National

Min Credit:

620

Max LTV:

90%

Very wide product menu. One of the few with P&L programs.

9. Quontic Bank

Products:

DSCR, Bank Statement, Asset Utilization

Min Credit:

680

Max LTV:

80%

Bank (not non-bank). Competitive rates due to deposit funding.

10. Oaktree Funding

Products:

DSCR, Bank Statement, 1099, Asset Depletion

Min Credit:

640

Max LTV:

85%

Strong in California. Good broker relationships.

11. First National Bank of America

Products:

DSCR, Foreign National, Bank Statement

Min Credit:

660

Max LTV:

75%

Conservative but reliable. Good for foreign national deals.

12. Visio Lending

Products:

DSCR (investor-only)

Min Credit:

660

Max LTV:

80%

DSCR specialist. Fast closings for experienced investors.

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How to Choose a Non-QM Lender

Don't put all your eggs in one basket. Most successful Non-QM originators work with 3-5 wholesale lenders. Here's what to evaluate:

  1. Product breadth: Does the lender offer all the Non-QM products you need? DSCR-only lenders are fine if that's your focus, but having a lender with bank statement and foreign national programs gives you flexibility.
  2. Pricing: Compare rate sheets weekly. Pricing varies significantly between lenders and changes frequently.
  3. Turn times: Ask about average underwriting turn times. Some lenders close in 15 days; others take 45+.
  4. Broker support: Do they have a dedicated account executive? Can you reach them when you have questions on a deal?
  5. Technology: Is their portal easy to use? Can you submit scenarios online? Do they have an API for your CRM?
  6. Credit score flexibility: Some lenders go down to 620; others require 680+. Know your borrower demographics.

Non-QM Products Explained

Not sure which product fits your borrower? Here's a quick reference. For detailed explanations, visit our Non-QM glossary.

DSCR Loans:Qualify based on property rental income, not personal income. Best for real estate investors.
Bank Statement Loans:Use 12-24 months of bank deposits instead of tax returns. Best for self-employed borrowers.
Asset Depletion:Use liquid assets to qualify instead of income. Best for retirees and high-net-worth borrowers.
Foreign National:Financing for non-US citizens without SSN or US credit. Best for international investors.
1099 Loans:Qualify using 1099 income statements. Best for contractors and gig workers.
P&L Loans:Qualify using a CPA-prepared P&L statement. Best for business owners with complex finances.

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