Non-QM Rate Index — Illustrative Rate Ranges
Last updated: July 29, 2026
This index publishes weekly-updated illustrative rate ranges for Non-QM loan programs, drawn from wholesale pricing sheets received from our active lending partners. Ranges are for reference only. See the compliance notice at the bottom of this page before using any figure here.
Bank Statement Loan Rate Ranges
Bank statement loan pricing varies by credit score tier, LTV, statement period, and whether income is calculated from personal or business accounts.
| Scenario | Illustrative Rate Range Observed |
|---|---|
| 720+ FICO · ≤75% LTV · 12-month personal or business statements | 6.375%–6.500% |
| 700–719 FICO · ≤80% LTV · 12-month business statements | [insufficient data this week] |
| 660–699 FICO · ≤80% LTV · 24-month statements | [insufficient data this week] |
| 620–659 FICO · ≤75% LTV (select programs) | [insufficient data this week] |
Observation basis: ~70–75% LTV, 740–760 FICO, purchase. Lower FICO tiers not interpolated from this sample.
DSCR Loan Rate Ranges
DSCR loan pricing depends primarily on credit score, LTV, and the property’s debt service coverage ratio. Short-term rental, multi-unit, and non-warrantable condo properties typically carry rate adjustments above the base ranges shown.
| Scenario | Illustrative Rate Range Observed |
|---|---|
| 720+ FICO · ≤75% LTV · DSCR ≥1.00 | 6.125%–6.625% |
| 700–719 FICO · ≤75% LTV · DSCR 1.00–1.24 | [insufficient data this week] |
| 680–699 FICO · ≤80% LTV · DSCR 1.00–1.24 | [insufficient data this week] |
| 660–679 FICO · ≤75% LTV · DSCR ≥1.00 | [insufficient data this week] |
| No-ratio / DSCR <1.0 programs (select lenders) | [insufficient data this week] |
Observation basis: ~70–75% LTV, 740–760 FICO, purchase, DSCR ≥1.0. Lower FICO tiers not interpolated from this sample.
Additional Non-QM Programs Observed
Programs observed in wholesale pricing this week that fall outside the tiered FICO/LTV grid above. Same observation basis (~70–75% LTV, 740–760 FICO, purchase) unless noted.
| Program | Illustrative Rate Range Observed |
|---|---|
| Alt-doc — P&L / WVOE / 1099 (30yr fixed) | 6.500%–6.875% |
| Jumbo Non-QM (30yr fixed) | 6.500%–6.875% |
| ITIN (select programs) | 7.375%–7.750% |
| HELOC (select programs) | 8.000%–8.125% |
Conventional Reference Context
Conforming/conventional rates from the same wholesale observation window — included as a market anchor, not Non-QM products.
| Program | Illustrative Rate Range Observed |
|---|---|
| Conventional 30yr fixed (conforming) | 6.250%–6.375% |
| Conforming 15yr fixed | 5.625% |
Methodology
Rate ranges published here are aggregated from wholesale rate sheets received from multiple lending partners this week (n=2 this week, growing). Source lender names are not disclosed; one or more partners distribute pricing on a wholesale-only basis not intended for public attribution.
Observation basis for all figures: approximately 70–75% LTV, 740–760 FICO, purchase transaction; DSCR ≥1.0 where applicable; assumptions vary by lender and product. Ranges represent the spread between the most favorable and least favorable qualifying scenario observed across the sample for each product at the stated basis. Cells marked “insufficient data this week” indicate a pricing tier that exists within these programs but for which no direct observation was available from the current sample — they will be filled as the sample grows.
Rates are not averaged, interpolated, or modeled. They are direct observations from wholesale partner pricing grids on the observation date. No single borrower or transaction will match the full range shown — actual pricing for any specific loan depends on the complete scenario: credit profile, property type, loan amount, term, prepayment structure, LTV, documentation type, and lender overlays in effect at the time of lock.
Program availability and rate ranges fluctuate with secondary market conditions. We update this index weekly from current pricing sheets. If the “Last updated” date is more than 14 days old, treat these ranges as stale and contact us directly for current market pricing.
Compliance Notice
For illustration only. Not a commitment to lend or an advertised offer. Actual rates depend on credit, LTV, property, and program. Rates shown are historical observations, not current quotes. 1st Nationwide Mortgage Corporation, NMLS #1281. Equal Housing Lender.
Loan program availability varies by state. Bank statement loans and DSCR loans are non-QM products and are not subject to the same underwriting standards as conventional Fannie Mae / Freddie Mac loans. These programs are available in select states only. Contact us to confirm availability in your state before proceeding.
Explore Non-QM Loan Programs
- DSCR Loans — Rental Property Financing — qualification, state availability, and program details for debt service coverage ratio loans.
- Bank Statement Loans — Self-Employed Mortgage — 12- and 24-month bank statement income documentation for self-employed borrowers.
- DSCR Loan Calculator — calculate your debt service coverage ratio and see where your property stands.
- Bank Statement Loan Calculator — estimate your qualifying income using bank deposit history.
For current rate quotes on your specific scenario, contact us at ca@1stnwm.com or (833) 350-9185 .
Ready to Get Started?
Talk to a licensed loan officer about your options — no obligation.