Mortgage Programs Overview

Choose the mortgage that fits how you actually buy homes

From traditional Qualified Mortgages (QM) to flexible Non-QM options, we help you match your financing to your income, assets, and investment goals—without the guesswork.

Need guidance first?
Schedule a quick call and we’ll map QM vs. Non-QM options for your scenario in plain English.

At-a-glance: QM vs. Non-QM

  • QM (Qualified Mortgages): Standard, guideline-driven loans that follow agency rules.

  • Non-QM: Flexible loans built for investors, self-employed borrowers, and unique income situations.

  • Both can offer competitive terms—choosing the right fit is about how you earn and document income.

We’ll help you navigate both worlds and lock the structure that best supports your long-term strategy.

Qualified Mortgages (QM)

Traditional mortgages for W‑2 income and straightforward files

QM loans follow agency and Ability-to-Repay (ATR) rules, making them ideal when your income and documentation are consistent and easy to verify.

Conventional fixed & adjustable

Primary, second home, and investment property loans backed by Fannie Mae/Freddie Mac guidelines, with 15–30 year fixed or ARM terms.

  • Best for W‑2 or easily documented income
  • Competitive rates with standard underwriting
  • Up to typical agency loan limits

FHA & VA government-backed

Flexible, low-down-payment options with more forgiving credit guidelines for eligible borrowers, including veterans and first-time buyers.

  • Lower down payment options
  • Government-insured programs
  • Great for building your first home equity

Jumbo & high-balance QM

Larger loan amounts for higher-priced properties while still following Qualified Mortgage standards and full-documentation underwriting.

  • Loan amounts above standard conforming limits
  • Ideal for move-up buyers and luxury homes
  • Requires strong credit and documentation

Non-Qualified Mortgages (Non-QM)

Flexible financing for investors and self‑employed borrowers

Non-QM programs look beyond traditional W‑2 and tax-return requirements. They’re built to capture real cash flow and asset strength for modern investors and entrepreneurs.

DSCR investor loans

Debt-Service Coverage Ratio (DSCR) loans qualify primarily on property cash flow—not your personal tax returns.

  • Ideal for portfolio investors
  • Qualify using rental income
  • Close in entities (LLCs, etc.) in many cases

Bank statement loans

Use 12–24 months of bank statements to document income instead of traditional tax returns—perfect for self‑employed borrowers.

  • Great for business owners & freelancers
  • Focus on deposits and cash flow trends
  • More room for tax strategy and write‑offs

Asset depletion & alternative income

Qualify based on the strength of your assets or other non‑traditional income sources when standard guidelines fall short.

  • Use investment and savings balances
  • Helpful for retirees or high‑asset clients
  • Custom structures for unique scenarios

Which path is right for you?

You don’t need to be an underwriting expert to choose the right program. Think in terms of how you earn, document, and use money:

QM fits best when…

  • Your income is primarily W‑2 or easily documented.
  • You file clean tax returns without heavy write‑offs.
  • You’re buying a primary home or second home.
  • You want the most traditional underwriting and documentation path.

Non-QM fits best when…

  • You’re self‑employed or a business owner with complex returns.
  • Most of your real income lives in bank statements, K‑1s, or rental cash flow.
  • You’re scaling a rental portfolio with LLCs or entities.
  • You value flexibility and speed more than fitting a narrow checklist.

Ready to see your best-fit mortgage options?

Submit a quick, secure application and we’ll map out QM and Non-QM options side-by-side, including payment estimates and next steps.

No obligation. No spam. Just clear options so you can move forward with confidence.

© Copyright 2026. Mesha Miller.


Licensed to Do Business | NMLS #2258067

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2026 | Roseth Mortgage

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17781 Lincoln Street NW, Elk River, MN 55330