Unique Mortgage Solutions for Homeowners

Griffin Funding offers a diverse range of Non-QM (non-qualified) mortgage products that allow you to qualify using better representations of your reliability as a borrower. Such representations may include bank statements, rental income, your liquid assets, or your credit history. Non-QM mortgage products can help you finance your purchase, without having to jump through unnecessary hoops.

  • Greater underwriting flexibility
  • No job history is required (in some cases)
  • As little as 10% down required
  • No reserves required (in some cases)
  • Credit scores as low as 620 allowed (580 w/ compensating factors)
  • Counting rental income (including Airbnb & VRBO)

Please Note: We do NOT offer loans for vacant land or ground-up construction projects.

Property Geographic Area Details
Licensed in 22 states: AZ, CA, CO, CT, FL, GA, HI, ID, IL, LA, ME, MD, MI, MT, NH, NC, NM, NV, OH, OR, SC, TN, TX, VA, WA
Loan Amounts
$100,000 to $3,000,000
Loan Terms
1 months to 360 months
Lien Position
Collateral Types
  • Residential Property
Loan Purpose
  • Primary Residence Purchase
  • Personal Use
Property Occupancy
  • Vacant
  • Owner Occupied Residential

Maximum Leverage

Purchase Long-Term
Max LTP Residential: 90%
Max LTP Multifamily: 78%
Refinance Long-Term
Max LTV Residential: 80%
Max LTV Multifamily: 80%

Bank Statement Loans
Only a bank statement is required for this type of Non-QM loan. Borrowers can qualify with as little as two month’s bank statements however our most popular program is our 12-month bank statement loan. This loan is often a good solution for self-employed borrowers, business owners, realtors, consultants, and entrepreneurs.

Jumbo Loans with 10% Down
While traditional jumbo loans still often require 20% down, we offer near-miss jumbo loans up to $3 million with as little as 10% down, up to a 55% debt-to-income ratio, and credit scores as low as 660. Jumbo loans with 10% down are often the ideal solution for first-time buyers who might still have large student loans and other types of “good credit debt”. 10% down jumbo loans are also good for high-income earners who are looking to invest their cash in other assets.

No Income Investment Loans
Private and hard money loans often have high rates and take a while to get approved for, which is not ideal for most real estate investors. Alternatively, both new and experienced real estate investors can benefit from the expanded criteria offered by no-income investment loans which allow you to build your real estate portfolio with fewer setbacks. The Debt-Service-Coverage-Ratio loan uses the rental income of the property to qualify and does not take into account your personal income.

Asset-Based Loans
Asset-based loans allow you to leverage assets you already have, including checking and savings accounts, investment accounts, or money market accounts, to secure a loan. This type of Non-QM mortgage is ideal for individuals with substantial liquid assets available. Although asset-based loans are typically associated with high-interest rates, we have access to wholesale rates and favorable borrowing terms. Griffin Funding does not require you to pledge your assets.

Foreign National Loans (ITIN)
If you do not have a valid Social Security number, U.S. FICO score, or Individual Tax Identification Number (ITIN) you can still qualify for this type of Non-QM loan. To qualify, you will need to provide a VISA or VISA waiver as well as three active and open trade lines with a two-year history.

Interest-Only Home Loans
We offer interest-only home loans on 40-year fixed loans, 30-year fixed loans, 7/1 arms, and 5/1 arms. During the first 10 years of the loan, you will only pay the interest. This provides significant savings over the life of the loan. However, it’s important to keep in mind that you will not be paying down the principal balance during the interest-only period.

Recent Credit Event Loans
Recent credit events can make it challenging to secure a loan because many lenders view them as a red flag. However, we offer loan programs for borrowers with recent credit events including foreclosure, short sale, and bankruptcy. While we do offer options for as little as one day out from the credit event, loan terms typically improve the longer it has been, even in just a year or two.

Rental Property Loans
We offer a variety of loans specifically tailored to the needs of real estate investors who want to expand their portfolio to include single-family homes, 2 to 4 unit properties, condos, townhomes, multi-use, and multi-family 5 to 20 unit properties. Our loans are designed to make the process easier for buy-and-hold investors.

Who Should Consider a Non-QM Mortgage?

Purchasing property is already a complex and often drawn-out process. If you’re then ineligible for a traditional mortgage, the situation quickly becomes frustrating. However, QM loans are not your only option.

If you have been denied for a traditional QM loan, a Non-QM loan may be your next step. You might also want to consider a Non-QM loan if you have good reason to believe you will not qualify for a QM loan solely based on your credit, income, or other factors. For those who are still unsure whether this might be the right financing solution, let’s further break down the most common types of Non-QM loan borrowers.

Non-QM mortgages are typically recommended for:

  • Self-employed individuals
  • Real estate investors
  • Retirees interested in purchasing a second home that will not be their primary residence
  • Small to midsize business owners
  • Borrowers looking for interest-only payments or more flexible DSCR requirements
  • “Subprime” or “Non-Prime” borrowers who just barely miss the requirements for a QM loan and don’t want to postpone
  • Those who have had a recent credit event (bankruptcy, short sale, or foreclosure)

Process for Securing a Non-QM Loan

Step 1: First, the loan officer will assess your situation and propose the loan options (and the rates) that are available for your circumstances.

Step 2: Complete the loan application over the phone or through our secure online platform.

Step 3: Lock in your rate over the phone based on the agreed-upon terms.

Step 4: We will send the initial application and disclosures which you will need to then review and e-sign.

Step 5: Return the requested documentation.

Step 6: Your paperwork will be submitted to underwriting.

Step 7: The appraisal of the property and a termite inspection (if applicable) need to be performed.

Step 8: Once the loan is approved, we will request any additional information to finalize the documentation.

Step 9: You will review your Closing Disclosure/settlement statement with your loan officer and then you can have it signed by a notary.

Step 10: Once everything is complete, your loan will be funded and you’re ready to move forward with purchasing or refinancing your property.

Property Types

  • 2-4 Units Residential
  • Condominium
  • Single Family Residence

Loan Types

  • Residential Owner-Occupied

Specialty Loan Types

  • Residential Long-Term Rental
  • Residential Non-Prime
Must have at least 10% cash down payment for owner-occupied homes, and at least 20% for rental property loans.

Max Loan-to-Purchase Price


Borrower Must Have Property Under Contract


Will Provide Proof of Funds Letter


Will Consider Lending on Purchase from Auction


Allowed Source of Borrower’s Equity

  • Own Cash

Details and Requirements

Payment Structure
  • Amortized
Pre Payment Penalty


Will lend to a foreign national


Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage


Will Consider Collateralizing Multiple Properties in One Loan


Will Consider Equity Joint Venture


Borrower Entity Types Considered
  • Individual(s)
  • Trust
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Credit Check Required


Minimum Credit Score Required


Appraisal Required for Residential Property


Broker Price Opinion (BPO) Accepted for Residential Property


Contact Griffin Funding – Non-QM Home Loans

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Griffin Funding is a consumer direct mortgage company that specializes in DSCR loans for real estate investors and Bank Statement loans for the self-employed. Our team leverages cutting-edge technology to originate loans that meet your particular needs.

Keep reading to learn more about us and why we make an excellent partner in securing a home loan.

Our Mission
At Griffin Funding, our mission is to serve real estate investors and the self-employed by helping them grow their real estate portfolios.

What to Expect with Griffin Funding

When you work with Griffin Funding, the first step in the process will be speaking with one of our mortgage strategists, who will evaluate the best loan options for you and find the lowest interest rate you qualify for based on your credit score and other determining factors. We will provide you with a personalized analysis that lays out your loan options, so you can compare your options and decide which one best suits your needs.

Then, you’ll complete a loan application either over the phone or through our secure digital mortgage platform. Once you’ve completed the loan application, we can lock in your interest rate and help you along through the rest of the mortgage process.

At Griffin Funding, we strive to tailor home loans to your unique situation while keeping our lending process as straightforward as possible. If you have any questions about us or concerns during the mortgage process, you can always reach out to us for support.

Griffin Funding is a Licensed Mortgage Banker

Griffin Funding is a national lender.

We offer bank statement loans in 28 states and growing across the country.

We offer DSCR loans in 45 states + DC. We currently do not lend DSCR loans in MN, ND, RI, SD, and UT.

Here is the list of all our licensed states and state disclaimers. https://griffinfunding.com/state-licensing/

Why Work with Us?

Buying a home or investing in real estate is one of the biggest financial decisions you make in your life. However, for many people the mortgage process can appear complicated and overwhelming. One important thing to know about us is, when you work with Griffin Funding, you’ll get personalized assistance from knowledgeable loan specialists who can help you secure a great loan at a competitive interest rate. We offer a number of traditional and non-traditional loan services, so you can find exactly what you’re looking for. Plus, our online application makes applying for a home loan quick and easy.


NMLS ID 1120111

Company Size (Number of Employees)


Year Established



  • Mortgage Bankers Association

Office Locations

Griffin Funding
2445 5th Avenue, Suite 300, San Diego, California 92101

Primary Capital Source
  • Own Funds
  • Individual Investors
  • Other Private Lending Companies
  • Private Equity Funds
  • Hedge Funds
  • Life Insurance Companies
Loan Structure for Majority of Loans
  • One Investor One Loan
  • Table Funding with Capital Partner
Percentage of Loans Secured by Residential Property


Total Number of Loans Funded to Date


Total Loan Volume Funded to Date


Contact Griffin Funding – Non-QM Home Loans

Griffin Funding – Non-QM Home Loans pays us to be listed, so there is no fee to connect with them directly.

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Our Minimum Loan Amount Is


What We Do

  • Residential Properties in 14 States
  • Bank Statement Home Loans
  • Recent Credit Event Loans

Not Available

  • 100% Financing
  • Land Loans
  • Rehab or Construction Loans
  • Commercial Properties

Send an email to Griffin Funding – Non-QM Home Loans