Non-QM Loans in Lexington, KY
Find lenders offering non-qm loans in the Lexington, including Georgetown, Richmond, Nicholasville, and surrounding areas. Compare rates, terms, and programs from 33 lenders.
Which Non-QM lenders serve Lexington?
33 lenders offering non-qm loans in the Lexington, KY area.
A&D Mortgage
Fort Lauderdale, FL
Wholesale non-QM lender. DSCR loans with 0 minimum DSCR, 80% max LTV, min FICO 620.
Angel Oak Mortgage Solutions
Atlanta, GA
Major non-QM and DSCR lender. Investor cash flow loans up to $1.5M. 40-year terms with interest-only options. No limit on properties.
Athas Capital Group
CA
Wholesale non-QM lender offering bank statement, DSCR, asset qualifier, and foreign national programs.
Carrington Mortgage Services
Anaheim, CA
Non-QM specialist accepting credit scores as low as 500-550. Programs for borrowers with recent bankruptcy, foreclosure, or non-traditional income. Government and conventional loans too.
CrossCountry Mortgage
Cleveland, OH
Large national lender offering DSCR, bank statement, and non-QM mortgage products alongside conventional and government loans.
Defy Mortgage
FL
DSCR lender with flexible terms. Accepts DSCR as low as 0.75 or no ratio. Up to 85% LTV on SFR purchases. Available in 35+ states.
Griffin Funding
CA
Nationwide DSCR lender. No income verification, DSCR as low as 0.75. Up to $5M loan amounts. Also offers VA, conventional, and non-QM loans.
JMAC Lending
CA
DSCR loans available in select states. Min DSCR 0.75, max LTV 75%, min FICO 660-700.
New American Funding
Tustin, CA
Large national lender offering non-QM programs including bank statement loans, asset-based loans, and jumbo non-QM. Max loan $2.5M. Also offers conventional and government loans.
North American Savings Bank
Kansas City, MO
Offers 11 types of non-QM loans including bank statement, asset depletion, DSCR, and bridge. 100,000+ mortgages closed since 2010, $30B+ loaned.
Rocket Mortgage
Detroit, MI
Nation's largest online home lender. Offers some non-QM products alongside conventional, FHA, VA, and jumbo loans. Fully digital application process.
Sprout Mortgage
New York, NY
Non-QM wholesale lender. Bank statement, asset depletion, foreign national, and investor programs.
Truss Financial Group
CA
Tailored DSCR and non-QM mortgage solutions. 30-year fixed DSCR loans from $100K to $3M. Also offers 'no ratio' loans.
Acra Lending
CA
Wholesale non-QM lender with a dedicated DSCR program for investment properties. Offers bank statement, asset qualifier, and foreign national programs alongside DSCR.
Arc Home
NJ
Wholesale and correspondent lender offering DSCR loans for real estate investors. Part of Angelo Gordon's platform with competitive non-QM pricing.
What does the Lexington commercial real estate market look like?
Lexington's commercial real estate market is shaped by the University of Kentucky — the city's largest employer with over 14,000 workers — and a burgeoning healthcare, technology, and equine industry base. The Nicholasville Road and Man o' War Boulevard corridors form the primary suburban retail and office zones, while the downtown Distillery District and West Sixth Street area have attracted adaptive reuse projects and boutique offices. Lexington's Urban Service Boundary, a growth management tool that restricts outward sprawl to protect surrounding horse farm land, creates tighter supply constraints than peer-sized cities and channels development intensity into existing corridors. The equine industry, centered on Keeneland and the surrounding thoroughbred farms, generates a unique hospitality and agri-business CRE niche.
Key Economic Drivers
- ●University of Kentucky and UK HealthCare medical campus expansion
- ●Toyota Motor Manufacturing Kentucky plant in Georgetown (metro's largest manufacturer)
- ●Lexington's Urban Service Boundary creating infill development pressure
- ●Keeneland and thoroughbred industry driving equine-adjacent hospitality and agribusiness CRE
Market Insight
Lexington's Urban Service Boundary has not been significantly expanded since 1996, constraining greenfield commercial development and pushing cap rates lower for existing properties within the boundary — infill and redevelopment sites command premium pricing compared to similar-sized metros without growth controls.
How do non-qm loans work in Lexington, Kentucky?
Non-Qualified Mortgage (Non-QM) loans are for borrowers who don't meet conventional lending criteria — self-employed, irregular income, recent credit events, or foreign nationals. They use alternative documentation like bank statements, asset depletion, or property cash flow to qualify. In the Lexington metro area, borrowers can access 33 lenders offering Non-QM financing, including Georgetown, Richmond, Nicholasville, and surrounding areas. Loan amounts typically range from $100K to $5M with rates from 6.5% - 10%.
Who should consider non-qm loans?
- Self-employed borrowers
- Bank statement borrowers
- Foreign nationals
- Recent credit events (bankruptcy, foreclosure)
What are the key requirements?
- Alternative income documentation
- Down payment 10-25%
- Property appraisal
- Minimum credit score varies (580-680)
Advantages
- ✓Alternative income documentation
- ✓Flexible credit requirements
- ✓Available soon after credit events
- ✓Interest-only options
Considerations
- •Higher rates than conventional
- •Larger down payment
- •Limited lender options
- •May require reserves
Non-QM Loans in Lexington FAQ
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