Is a DSCR Loan considered a non-QM mortgage?

[Robin Simon]

🤔Is a DSCR Loan considered a non-QM mortgage?
✔️ Yes, DSCR Loans fall under the umbrella category of non-QM, or "non-qualified" mortgage loans. While all DSCR Loans are Non-QM Loans, not all Non-QM Loans are DSCR Loans; other Non-QM Mortgage Loans include loans commonly called "Bank Statement Loans" or "Asset Depletion Loans" based on their alternative qualification requirements, still based on DTI, but not qualifying under conventional Fannie Mae rules and guidelines.

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