Non-QM Loans in Springfield, MA
Find lenders offering non-qm loans in the Springfield, including Holyoke, Chicopee, Westfield, and surrounding areas. Compare rates, terms, and programs from 33 lenders.
Non-QM Lenders Serving Springfield
33 lenders offering non-qm loans in the Springfield, MA 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.
Springfield Commercial Real Estate Market
Springfield is western Massachusetts' largest city and the economic anchor of the Pioneer Valley, with a commercial real estate market shaped by healthcare, education, and legacy manufacturing infrastructure. The Metro Center neighborhood has benefited from the MGM Springfield casino resort, which opened in 2018 and has driven adjacent hospitality and retail investment along Main Street and State Street. The Baystate Health campus, one of the state's largest employers, generates steady medical office demand in the Mason Square and North End areas. Industrial stock along the I-91 corridor and the Connecticut River rail lines serves distribution and light manufacturing tenants at rents well below eastern Massachusetts.
Key Economic Drivers
- ●Baystate Health medical campus and its $300 million expansion plans
- ●MGM Springfield casino resort and its catalytic effect on downtown hospitality and retail
- ●Smith & Wesson and precision manufacturing operations in the greater Springfield area
- ●University corridor including Springfield College, Western New England University, and American International College
Market Insight
Springfield is designated as both a Gateway City and a HUD Promise Zone, giving CRE investors access to stacked federal and state incentive programs including enhanced Historic Tax Credits and Opportunity Zone benefits across much of the downtown core.
Non-QM Loans in Springfield, Massachusetts
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 Springfield metro area, borrowers can access 33 lenders offering Non-QM financing, including Holyoke, Chicopee, Westfield, 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)
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
Find Non-QM Lenders in Springfield
Get matched with lenders offering non-qm loans in the Springfield, MA area. Free for borrowers.
Get Matched — Free →