{"specialty":{"slug":"non-qm","category":"loan_program","label":"Non-QM loan","description":"Loans outside the Qualified Mortgage rules, used for borrowers or properties that agency loans cannot serve.","synonyms":["non-qm","non qm","nonqm","non-qualified mortgage","alt doc","alternative documentation"],"why_hard":"Every non-QM lender has its own guidelines and pricing, so the loan officer's investor relationships matter.","questions_to_ask":["Which non-QM investors do you work with?","Why does my situation need non-QM rather than an agency loan?","Is there a prepayment penalty, and can I refinance later?"],"canonical_url":"https://lendb.ai/s/non-qm","api_url":"https://lendb.ai/api/v1/specialties/non-qm"}}