The whole purpose of Non-QM lending is to provide credit-worthy home buyers who don’t qualify for a traditional mortgage the loans they need and deserve. Of course, we also have to make sure they can afford them.

Believe it or not, it can be difficult for high net worth people to qualify for a traditional mortgage. The problem? No tax forms confirming a steady paycheck. Perhaps they are self-employed or retired and therefore unemployed. They could be a serial entrepreneur who has just launched a new start-up or the owner of a successful restaurant chain whose wealth is tied up in the business.