Non-QM Loans in Minneapolis, MN
Find lenders offering non-qm loans in the Minneapolis, including St. Paul, Bloomington, Plymouth, and surrounding areas. Compare rates, terms, and programs from 33 lenders.
Which Non-QM lenders serve Minneapolis?
33 lenders offering non-qm loans in the Minneapolis, MN 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 Minneapolis commercial real estate market look like?
Minneapolis, together with neighboring St. Paul, forms one of the most diversified and corporate-rich CRE markets in the Midwest, anchored by 16 Fortune 500 headquarters. The downtown office market is concentrated along Nicollet Mall and the Marquette Avenue financial corridor, with the skyway system connecting 9.5 miles of enclosed retail and office space. The North Loop (Warehouse District) has become the metro's premier creative office and luxury multifamily submarket, attracting tech companies and startups. The I-394 and I-494 suburban corridors in Minnetonka, Bloomington, and Eden Prairie form a large secondary office market, while industrial demand is strongest in the northwest suburbs around Maple Grove and Rogers along I-94.
Key Economic Drivers
- ●Fortune 500 headquarters including Target, UnitedHealth Group, U.S. Bancorp, and Best Buy
- ●University of Minnesota Twin Cities research campus and medical device innovation ecosystem
- ●Mayo Clinic Health System, Allina Health, and Hennepin Healthcare medical campuses
- ●MSP International Airport and the Bloomington/Mall of America retail and hospitality cluster
Market Insight
Minneapolis was the first major U.S. city to eliminate single-family-only zoning citywide in its 2040 Comprehensive Plan, significantly expanding multifamily and mixed-use development potential across neighborhoods that were previously restricted to single-family housing.
How do non-qm loans work in Minneapolis, Minnesota?
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 Minneapolis metro area, borrowers can access 33 lenders offering Non-QM financing, including St. Paul, Bloomington, Plymouth, 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 Minneapolis FAQ
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