Last updated: August 6, 2026
This index publishes weekly-updated illustrative rate and APR ranges for Non-QM loan programs, drawn from wholesale pricing sheets received from our active lending partners. Ranges are for reference only. See the disclosures at the bottom of this page before using any figure here.
Illustrative Rate and APR Ranges Observed This Week
Programs with no observation in a given week are omitted from this table.
| Program | Illustrative Rate Range | Illustrative APR Range |
|---|---|---|
| Bank statement (12/24 month) | 6.375%–6.750% | 6.750%–7.375% |
| DSCR (investor, DSCR ≥1.00) | 6.125%–6.625% | 6.500%–7.250% |
| Alt-doc — P&L / WVOE / 1099 | 6.500%–6.875% | 6.875%–7.500% |
| Jumbo Non-QM (30yr fixed) | 6.375%–6.750% | 6.750%–7.375% |
| ITIN (select programs) | 7.500%–7.750% | 7.875%–8.375% |
| Closed-end second (30yr fixed) | 7.500%–7.750% | 7.875%–8.375% |
Observation basis: approximately 70–75% LTV, 740–760 FICO, purchase transaction, 30-year fixed. APR ranges are illustrative and calculated by applying a typical Non-QM cost-of-credit assumption of 0.375% to 0.625% above the note rate (0.125% to 0.250% for conforming products), reflecting customary origination points and lender fees. Actual APR depends on the specific fees, points, and loan amount of an individual transaction and will differ. DSCR observations span prepayment structures — the low end reflects a 5-year prepayment penalty, the high end a 2-year; prepayment structure is a material pricing variable confirmed at application. Closed-end second observed to $750,000 at 75–90% CLTV depending on program.
Conventional Reference Context
Conforming/conventional rates from the same wholesale observation window — included as a market anchor, not Non-QM products.
| Program | Illustrative Rate Range | Illustrative APR Range |
|---|---|---|
| Conventional 30yr fixed (conforming) | 6.250% | 6.375%–6.500% |
| Conforming 15yr fixed | 5.625% | 5.750%–5.875% |
Methodology
Rate ranges published here are aggregated from wholesale rate sheets received from multiple lending partners this week (n=2 this week). Source lender names are not disclosed; one or more partners distribute pricing on a wholesale-only basis not intended for public attribution.
Observation basis for all figures: approximately 70–75% LTV, 740–760 FICO, purchase transaction; DSCR ≥1.0 where applicable; assumptions vary by lender and product. Ranges represent the spread between the most favorable and least favorable qualifying scenario observed across the sample for each product at the stated basis. Programs with no observation in a given week are omitted rather than shown empty. The index reports only what was directly observed in that week’s wholesale sheets.
Rates are not averaged, interpolated, or modeled. They are direct observations from wholesale partner pricing grids on the observation date. No single borrower or transaction will match the full range shown — actual pricing for any specific loan depends on the complete scenario: credit profile, property type, loan amount, term, prepayment structure, LTV, documentation type, and lender overlays in effect at the time of lock.
Program availability and rate ranges fluctuate with secondary market conditions. We update this index weekly from current pricing sheets. If the “Last updated” date is more than 14 days old, treat these ranges as stale and contact us directly for current market pricing.
Important Disclosures
Rates, APRs, and program terms shown on this page are subject to change without notice. The figures published here are illustrative observations of wholesale pricing on the stated observation date — they are not quotes, not offers, and not a commitment to lend. No rate or APR shown is available to any specific borrower on any specific transaction, and none is guaranteed.
APR figures are illustrative estimates derived from observed note rates using a typical cost-of-credit assumption, not calculations from an actual fee schedule. A borrower’s actual rate and APR depend on loan product, loan amount, credit profile, property type and value, occupancy, geographic location, documentation type, prepayment structure, lock period, points and fees, and lender overlays in effect at the time of lock. Interest rates may increase after consummation on adjustable-rate products.
No rate is locked until an application is submitted and a lock confirmation is issued.
Loan program availability varies by state. Bank statement loans, DSCR loans, and other Non-QM products are not subject to the same underwriting standards as conventional Fannie Mae / Freddie Mac loans. Contact us to confirm availability in your state.
1st Nationwide Mortgage Corporation, NMLS #1281. Equal Housing Lender.
Explore Non-QM Loan Programs
- DSCR Loans — Rental Property Financing — qualification, state availability, and program details for debt service coverage ratio loans.
- Bank Statement Loans — Self-Employed Mortgage — 12- and 24-month bank statement income documentation for self-employed borrowers.
- DSCR Loan Calculator — calculate your debt service coverage ratio and see where your property stands.
- Bank Statement Loan Calculator — estimate your qualifying income using bank deposit history.
For current rate quotes on your specific scenario, contact us at ca@1stnwm.com or (833) 350-9185 .
Ready to Get Started?
Talk to a licensed loan officer about your options — no obligation.