The Different Type of Non-Owner Occupied Non-QM Products

Loan Types
Nontraditional Mortgages
What are the different types of Non-Owner Occupied Non-QM products? Learn more about each one below.
Published on
July 27, 2023
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These Non-Owner Occupied Non-QM products have a few things in common. They are all secured by real estate and they allow for additional loan types that you might not find with a traditional home loan. So, let’s take a look at the different types of Non-Occupied Home Loans:

What are Non-Owner Occupied Home Loans?

Non-owner occupied home loans are designed for people who don't live in the house they're buying. They can be used to buy an investment property or a second home, or they can be used to buy and then quickly sell a house.

Foreign National Loans

For foreign national home buyers, there are a few different types of non-QM mortgages to consider. One option is the Foreign National Loans program. This product allows foreign nationals to purchase a second home or an investment property in the United States and live here full time as long as they maintain employment status within the U.S., have a valid Social Security number, and hold a valid US passport.

Non-Owner Occupied Bank Statement Loans

Non-owner occupied bank statement loans are available to people who are not living in the property. The borrower must provide a bank statement showing that they have sufficient funds to make the monthly payments and a letter from their employer verifying their employment.

Bridge Loans

Bridge loans are short-term loans that are used to bridge the gap between the time you sell your home and the time you purchase your new home. They’re typically for 6 months or less and often interest only, meaning that only interest is paid on the loan.

DSCR Home Loans

DSCR is a loan program that allows borrowers to purchase a home without having to make a down payment. DSCR loans are only available for non-owner occupied properties. DSCR loans are also available for first time home buyers, repeat home buyers, and even cash out refinance transactions!

Ground Up Construction Home Loans

Ground up construction home loans are for people who want to build a new home. The lender will finance the borrower's construction costs, as well as any land purchase or existing home purchase that may be required for the project.

Fix and Flip Home Loans

Fix and flip home loans are for people who want to purchase a house, renovate it and then sell it. The loan is based on the value of the house after renovation. The borrower must have enough money to cover the cost of the renovation.


There are many different types of Non-Owner Occupied Home Loans available, and each one has its own unique set of requirements. In order to get the best rate on your loan or financing package, it’s important to know what type of loan you qualify for and how much money you need. Our team is here to help you determine which type of Non-Owner Occupied Home Loan will work best for your needs.

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