Non-QM Loans in Lubbock, TX
Find lenders offering non-qm loans in the Lubbock, including Wolfforth, Shallowater, and surrounding areas. Compare rates, terms, and programs from 33 lenders.
Which Non-QM lenders serve Lubbock?
33 lenders offering non-qm loans in the Lubbock, TX area.
Finance of America
LocalPlano, TX
National lender with DSCR rental property loans through its commercial division. Also offers reverse mortgages and business purpose lending for investors.
MortgageRight
LocalAustin, TX
National wholesale lender with DSCR programs for rental property investors. Offers competitive rates with streamlined processing for investment properties.
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.
What does the Lubbock commercial real estate market look like?
Lubbock's CRE market is anchored by Texas Tech University, a 40,000-student institution whose campus, medical school, and research facilities generate consistent demand for student housing, medical office, retail, and hospitality properties. The South Loop 289 and Milwaukee Avenue corridors are the primary retail and commercial nodes, with steady national tenant expansion into what remains a relatively underserved metro for its population size. The cotton and agriculture industry remains a significant economic driver, with Lubbock serving as the commercial hub for the South Plains region's farming operations and supporting agribusiness-related warehouse and office demand. Medical CRE demand is driven by UMC Health System, Covenant Health, and the Texas Tech University Health Sciences Center campus.
Key Economic Drivers
- ●Texas Tech University and Texas Tech Health Sciences Center driving institutional and student-oriented CRE demand
- ●UMC Health System and Covenant Health regional hospital campuses
- ●South Plains cotton and agriculture industry supporting agribusiness and logistics facilities
- ●Wind energy sector growth across the South Plains generating construction-related commercial demand
Market Insight
Lubbock's market benefits from being the only sizable metro within a 300-mile radius, giving it a regional trade area of over 600,000 people and creating a captive consumer base that supports retail occupancy rates above the national average.
How do non-qm loans work in Lubbock, Texas?
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 Lubbock metro area, borrowers can access 33 lenders offering Non-QM financing, including Wolfforth, Shallowater, 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 Lubbock FAQ
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