Non-QM Loan

A non-QM (non-qualified mortgage) is any home loan that falls outside the Qualified Mortgage safe-harbor rules set by the Consumer Financial Protection Bureau. These loans use alternative income documentation (bank statements, asset depletion, DSCR) or non-standard structures (interest-only, 40-year amortization).

Non-QM serves borrowers whose profile doesn't fit conventional boxes — self-employed, real estate investors, high-net-worth with complex income, crypto-rich with thin W-2 history. Rates are slightly higher than conventional, but the underwriting flexibility is often decisive.

Why it matters for Milo customers

Milo's entire mortgage product line is non-QM. Non-QM is the regulatory category that allows underwriting on crypto reserves, DSCR cash flow, or asset depletion instead of strict income/DTI tests — which is the whole point.

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