A non-QM loan, or non-Qualified Mortgage loan, is a type of mortgage that does not meet the specific criteria set by the Consumer Financial Protection Bureau (CFPB) for Qualified Mortgages. These loans can offer more flexible terms and are often designed for borrowers with unique financial situations, such as self-employed individuals or those with irregular income. https://www.bcpmortgage.com/post/what-are-non-qm-loans