Non-QM Loan Calculator

A Non-QM (non-qualified mortgage) loan is a mortgage that does not follow the standard agency underwriting guidelines used for conventional loans. Instead of relying on traditional W-2 income and standard debt ratios, Non-QM programs use alternative documentation such as bank statements, asset balances, or property cash flow to evaluate a borrower's scenario.

These programs are designed for borrowers whose income, employment, or property type does not fit traditional agency requirements. Because program requirements and availability vary by lender, borrower, and property, Anchor Capital Lending helps borrowers review and compare available Non-QM options for their scenario.

A bank statement loan uses a borrower's business or personal bank deposits over a defined period to estimate income, rather than relying on traditional W-2s and tax returns. It is commonly used by self-employed borrowers whose income is documented through bank activity.

The number of months reviewed, the calculation method, and qualifying rules vary by lender and program. This calculator does not determine eligibility — it provides a general estimate of the monthly payment and loan-to-value based on the figures you enter.

A DSCR (debt service coverage ratio) investor loan evaluates an investment property based on the relationship between its estimated rental income and the monthly housing payment. A DSCR above 1.0 generally means the rental income is estimated to cover the payment, though lender requirements vary.

This calculator shows an estimated DSCR only when monthly rental income is provided. The estimate compares rental income to the total estimated monthly housing payment, which includes principal and interest, property taxes, insurance, and HOA dues.

An asset depletion loan uses a borrower's eligible liquid assets to derive an estimated qualifying income. The lender may divide the asset balance by a set number of months or years to estimate a monthly income figure used in underwriting.

The calculation method, eligible assets, and qualifying rules vary by lender and program. This calculator does not perform asset depletion calculations — it estimates the monthly payment and loan-to-value based on the figures you enter.

Profit and loss (P&L) programs use a borrower's business financial statements to estimate income. These programs are designed for self-employed borrowers whose earnings are documented through business performance rather than traditional payroll.

Lender guidelines, the documentation required, and qualifying calculations vary by program. Borrowers should review personalized options with a qualified lending professional to understand which documentation a specific program accepts.

Foreign national programs are designed for borrowers without a U.S. credit history. These programs may use alternative income and asset documentation and can vary significantly in their requirements and availability.

Because guidelines differ by lender and jurisdiction, availability depends on the borrower's location, the property, and applicable lender requirements. This calculator provides a general estimate only and does not determine qualification.

Loan-to-value (LTV) compares the requested loan amount to the estimated property value. The estimated monthly housing payment combines principal and interest, property taxes, homeowners insurance, and HOA dues. Together, these figures help you understand the size and cost of the loan relative to the property.

When monthly rental income is provided, the calculator also estimates a DSCR by comparing rental income to the total monthly housing payment. A higher DSCR suggests the rental income is estimated to better cover the payment, though lender thresholds and qualifying rules vary.