{"id":15245,"date":"2025-05-28T11:21:13","date_gmt":"2025-05-28T16:21:13","guid":{"rendered":"https:\/\/www.morty.com\/resources\/?p=15245"},"modified":"2025-05-28T12:07:00","modified_gmt":"2025-05-28T17:07:00","slug":"what-is-a-qualified-mortgage","status":"publish","type":"post","link":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage","title":{"rendered":"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d?"},"content":{"rendered":"\n<p>A Qualified Mortgage is a loan that meets strict guidelines put in place by the Consumer Financial Protection Bureau (CFPB) following the 2008 financial crisis. These rules, established under the Dodd-Frank Act, are part of the <strong>Ability-to-Repay (ATR)<\/strong> rule, designed to ensure borrowers can reasonably repay their loans.<\/p>\n\n\n\n<p>QM loans are most commonly backed by <strong>Fannie Mae or Freddie Mac<\/strong>, which makes them the default loan type for most retail lenders. These loans are eligible for sale to government-sponsored enterprises (GSEs) and follow automated underwriting systems like DU or LP.<\/p>\n\n\n\n<p>To be considered QM, a loan must:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meet the <strong>ATR rule<\/strong><\/li>\n\n\n\n<li>Be <strong>fully amortizing<\/strong> (no interest-only or negative amortization)<\/li>\n\n\n\n<li>Use <strong>documented income<\/strong> like W-2s or tax returns<\/li>\n\n\n\n<li>Maintain a <strong>DTI ratio typically \u2264 43%<\/strong><\/li>\n\n\n\n<li>Avoid risky features (no balloon payments or prepayment penalties in most cases)<\/li>\n\n\n\n<li>Keep points and fees <strong>\u2264 3%<\/strong> of the loan amount<\/li>\n<\/ul>\n\n\n\n<p><a class=\"\" href=\"https:\/\/www.morty.com\/resources\/mortgage-manual\/income-employment\">Learn more about income documentation<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">What Is a Non-QM Mortgage?<\/h3>\n\n\n\n<p>A Non-QM loan is any mortgage that doesn\u2019t meet the criteria listed above but still includes a documented ability to repay. These loans are <strong>not backed by Fannie or Freddie<\/strong>, and are typically held by private investors or portfolio lenders.<\/p>\n\n\n\n<p>Examples of Non-QM products include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a class=\"\" href=\"https:\/\/www.morty.com\/resources\/loan-officers\/product-playbook\/bank-statement-loans-explained-a-guide-for-loan-officers-and-brokers\">Bank statement loans<\/a><\/li>\n\n\n\n<li><a>Interest-only loans<\/a><\/li>\n\n\n\n<li><a>DSCR loans<\/a> for investors<\/li>\n\n\n\n<li><a>Asset depletion loans<\/a><\/li>\n\n\n\n<li><a>ITIN loans<\/a><\/li>\n\n\n\n<li><a>Reverse mortgages<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>Important:<\/strong> Non-QM \u2260 Subprime. These borrowers often have strong credit and financials\u2014they simply need alternative documentation or loan structures.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">QM vs. Non-QM: A Quick Comparison<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Feature<\/th><th>QM Loans<\/th><th>Non-QM Loans<\/th><\/tr><\/thead><tbody><tr><td>GSE Eligibility<\/td><td>Fannie\/Freddie-backed<\/td><td>Private \/ portfolio lenders<\/td><\/tr><tr><td>DTI Ratio<\/td><td>Typically capped at 43%<\/td><td>Can exceed 50%, varies by lender<\/td><\/tr><tr><td>Loan Features<\/td><td>Fully amortizing only<\/td><td>Interest-only, balloon, etc. allowed<\/td><\/tr><tr><td>Documentation<\/td><td>W-2s, tax returns, pay stubs<\/td><td>Bank statements, assets, or alternative docs<\/td><\/tr><tr><td>Underwriting System<\/td><td>Automated (DU\/LP)<\/td><td>Manual or lender-proprietary<\/td><\/tr><tr><td>Common Originators<\/td><td>Retail lenders, banks<\/td><td>Mortgage brokers through wholesale lenders<\/td><\/tr><tr><td>Typical Borrowers<\/td><td>W-2 wage earners<\/td><td>Self-employed, investors, high-net-worth, foreign nationals<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Why This Matters for Brokers<\/h3>\n\n\n\n<p>Most retail lenders and direct banks <strong>do not offer Non-QM<\/strong> loans. That means only <strong>mortgage brokers<\/strong>\u2014working with wholesale lenders\u2014can typically originate Non-QM deals. This gives brokers a competitive edge and allows them to serve a broader client base.<\/p>\n\n\n\n<p>As <a class=\"\" href=\"https:\/\/www.morty.com\/resources\/the-broker-brief\/more-loan-officers-are-taking-control\">broker market share continues to rise<\/a>, Non-QM lending has become a powerful growth lever. Brokers who understand these products can win business from borrowers underserved by the traditional market.<\/p>\n\n\n\n<p><a class=\"\" href=\"https:\/\/www.morty.com\/resources\/loan-officers\/how-to-match-a-borrower-to-the-right-non-qm-loan\">Learn how to match borrowers to the right Non-QM loan<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Real-World Borrower Scenarios<\/h3>\n\n\n\n<p><strong>The investor with rental income but no W-2 job<\/strong><br>Matched with: <a>DSCR loan<\/a><br>Why: Evaluated based on rental income, not employment or DTI<\/p>\n\n\n\n<p><strong>The self-employed buyer with strong cash flow<\/strong><br>Matched with: <a class=\"\" href=\"https:\/\/www.morty.com\/resources\/loan-officers\/product-playbook\/bank-statement-loans-explained-a-guide-for-loan-officers-and-brokers\">Bank statement loan<\/a><br>Why: Uses 12\u201324 months of deposits instead of W-2s<\/p>\n\n\n\n<p><strong>The foreign national looking to buy a second home<\/strong><br>Matched with: <a>ITIN loan<\/a><br>Why: Doesn\u2019t have a Social Security number but has verifiable U.S. income<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">FAQ: QM vs. Non-QM<\/h3>\n\n\n\n<p><strong>What is the ATR rule?<\/strong><br>ATR stands for Ability-to-Repay. Lenders must verify a borrower\u2019s income, assets, employment, credit history, and debt obligations to ensure the borrower can reasonably repay the loan.<\/p>\n\n\n\n<p><strong>Are all QM loans backed by Fannie or Freddie?<\/strong><br>Not necessarily, but most QM loans are eligible for GSE backing and follow their underwriting systems.<\/p>\n\n\n\n<p><strong>Can a Non-QM loan ever be sold to Fannie or Freddie?<\/strong><br>Generally no\u2014Non-QM loans are not eligible for purchase by Fannie or Freddie and are instead sold to private investors or held in portfolio.<\/p>\n\n\n\n<p><strong>Can I offer Non-QM loans if I\u2019m a retail lender?<\/strong><br>In most cases, no. Non-QM is typically available only through wholesale channels\u2014meaning brokers, not banks or direct lenders.<\/p>\n\n\n\n<p><strong>Do Non-QM loans require a higher down payment?<\/strong><br>They can, but not always. Down payment requirements vary by product type and lender.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">How Morty Helps You Offer Both QM and Non-QM Loans<\/h3>\n\n\n\n<p>Morty supports your business with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A large network of both QM and Non-QM lenders<\/li>\n\n\n\n<li>A POS designed for alternative documentation<\/li>\n\n\n\n<li>Processing and fulfillment support for complex loan files<\/li>\n\n\n\n<li><a class=\"\" href=\"https:\/\/www.morty.com\/resources\/loan-officers\/why-choose-morty\/compliant-ai-answers-at-scale\">Rosey AI<\/a> for real-time answers to loan qualification questions<\/li>\n<\/ul>\n\n\n\n<p>Whether you\u2019re working with a conventional buyer or a self-employed borrower, Morty gives you the tools to deliver.<\/p>\n\n\n\n<div class=\"wp-block-leadin-hubspot-form-block\">\n\t\t\t\t\t\t<script>\n\t\t\t\t\t\t\twindow.hsFormsOnReady = window.hsFormsOnReady || [];\n\t\t\t\t\t\t\twindow.hsFormsOnReady.push(()=>{\n\t\t\t\t\t\t\t\thbspt.forms.create({\n\t\t\t\t\t\t\t\t\tportalId: 21078423,\n\t\t\t\t\t\t\t\t\tformId: \"2f48f9c8-57c5-470f-a774-c6e8a6623707\",\n\t\t\t\t\t\t\t\t\ttarget: \"#hbspt-form-1788915073000-3070403630\",\n\t\t\t\t\t\t\t\t\tregion: \"na1\",\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t})});\n\t\t\t\t\t\t<\/script>\n\t\t\t\t\t\t<div class=\"hbspt-form\" id=\"hbspt-form-1788915073000-3070403630\"><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Qualified Mortgage is a loan that meets strict guidelines put in place by the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_lmt_disableupdate":"","_lmt_disable":"","_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[690,914],"tags":[921,918,919,917,920,915,916],"series":[],"class_list":["post-15245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-officers","category-product-playbook","tag-asset-depletion-loans","tag-bank-statement-loans","tag-dscr","tag-io-loans","tag-itin-loans","tag-non-qm","tag-reverse-mortgage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d? | Morty Resources<\/title>\n<meta name=\"description\" content=\"Learn the key differences between QM and Non-QM mortgages, including why brokers are best positioned to offer Non-QM.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d? | Morty Resources\" \/>\n<meta property=\"og:description\" content=\"Learn the key differences between QM and Non-QM mortgages, including why brokers are best positioned to offer Non-QM.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage\" \/>\n<meta property=\"og:site_name\" content=\"Morty Resources\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/HiMorty\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-28T16:21:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-28T17:07:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Nora Apsel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@himorty\" \/>\n<meta name=\"twitter:site\" content=\"@himorty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nora Apsel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage\"},\"author\":{\"name\":\"Nora Apsel\",\"@id\":\"https:\/\/www.morty.com\/resources\/#\/schema\/person\/b2240f410dcc926390e8592cf8b62046\"},\"headline\":\"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d?\",\"datePublished\":\"2025-05-28T16:21:13+00:00\",\"dateModified\":\"2025-05-28T17:07:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage\"},\"wordCount\":707,\"publisher\":{\"@id\":\"https:\/\/www.morty.com\/resources\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp\",\"keywords\":[\"Asset Depletion Loans\",\"Bank Statement Loans\",\"DSCR Loans\",\"IO Loans\",\"ITIN Loans\",\"non-QM\",\"Reverse Mortgage\"],\"articleSection\":[\"Loan Officers\",\"Product Playbook\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage\",\"url\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage\",\"name\":\"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d? | Morty Resources\",\"isPartOf\":{\"@id\":\"https:\/\/www.morty.com\/resources\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp\",\"datePublished\":\"2025-05-28T16:21:13+00:00\",\"dateModified\":\"2025-05-28T17:07:00+00:00\",\"description\":\"Learn the key differences between QM and Non-QM mortgages, including why brokers are best positioned to offer Non-QM.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage\",\"url\":\"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp\",\"contentUrl\":\"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp\",\"width\":1920,\"height\":1080,\"caption\":\"QM vs Non-QM loans\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Resources\",\"item\":\"https:\/\/www.morty.com\/resources\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Loan Officers\",\"item\":\"https:\/\/www.morty.com\/resources\/category\/loan-officers\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.morty.com\/resources\/#website\",\"url\":\"https:\/\/www.morty.com\/resources\/\",\"name\":\"Morty Resources\",\"description\":\"Mortgage resources\",\"publisher\":{\"@id\":\"https:\/\/www.morty.com\/resources\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.morty.com\/resources\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.morty.com\/resources\/#organization\",\"name\":\"Morty\",\"url\":\"https:\/\/www.morty.com\/resources\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.morty.com\/resources\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/cropped-morty-logo.webp\",\"contentUrl\":\"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/cropped-morty-logo.webp\",\"width\":1293,\"height\":516,\"caption\":\"Morty\"},\"image\":{\"@id\":\"https:\/\/www.morty.com\/resources\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/HiMorty\/\",\"https:\/\/x.com\/himorty\",\"https:\/\/www.linkedin.com\/company\/morty-inc.\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.morty.com\/resources\/#\/schema\/person\/b2240f410dcc926390e8592cf8b62046\",\"name\":\"Nora Apsel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.morty.com\/resources\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1a4a032cbf16a58120495e159080fe9f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1a4a032cbf16a58120495e159080fe9f?s=96&d=mm&r=g\",\"caption\":\"Nora Apsel\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d? | Morty Resources","description":"Learn the key differences between QM and Non-QM mortgages, including why brokers are best positioned to offer Non-QM.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage","og_locale":"en_US","og_type":"article","og_title":"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d? | Morty Resources","og_description":"Learn the key differences between QM and Non-QM mortgages, including why brokers are best positioned to offer Non-QM.","og_url":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage","og_site_name":"Morty Resources","article_publisher":"https:\/\/www.facebook.com\/HiMorty\/","article_published_time":"2025-05-28T16:21:13+00:00","article_modified_time":"2025-05-28T17:07:00+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp","type":"image\/webp"}],"author":"Nora Apsel","twitter_card":"summary_large_image","twitter_creator":"@himorty","twitter_site":"@himorty","twitter_misc":{"Written by":"Nora Apsel","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#article","isPartOf":{"@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage"},"author":{"name":"Nora Apsel","@id":"https:\/\/www.morty.com\/resources\/#\/schema\/person\/b2240f410dcc926390e8592cf8b62046"},"headline":"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d?","datePublished":"2025-05-28T16:21:13+00:00","dateModified":"2025-05-28T17:07:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage"},"wordCount":707,"publisher":{"@id":"https:\/\/www.morty.com\/resources\/#organization"},"image":{"@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage"},"thumbnailUrl":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp","keywords":["Asset Depletion Loans","Bank Statement Loans","DSCR Loans","IO Loans","ITIN Loans","non-QM","Reverse Mortgage"],"articleSection":["Loan Officers","Product Playbook"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage","url":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage","name":"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d? | Morty Resources","isPartOf":{"@id":"https:\/\/www.morty.com\/resources\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage"},"image":{"@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage"},"thumbnailUrl":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp","datePublished":"2025-05-28T16:21:13+00:00","dateModified":"2025-05-28T17:07:00+00:00","description":"Learn the key differences between QM and Non-QM mortgages, including why brokers are best positioned to offer Non-QM.","breadcrumb":{"@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#primaryimage","url":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp","contentUrl":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp","width":1920,"height":1080,"caption":"QM vs Non-QM loans"},{"@type":"BreadcrumbList","@id":"https:\/\/www.morty.com\/resources\/loan-officers\/what-is-a-qualified-mortgage#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Resources","item":"https:\/\/www.morty.com\/resources\/"},{"@type":"ListItem","position":2,"name":"Loan Officers","item":"https:\/\/www.morty.com\/resources\/category\/loan-officers"},{"@type":"ListItem","position":3,"name":"What Makes a Mortgage \u201cQM\u201d vs. \u201cNon-QM\u201d?"}]},{"@type":"WebSite","@id":"https:\/\/www.morty.com\/resources\/#website","url":"https:\/\/www.morty.com\/resources\/","name":"Morty Resources","description":"Mortgage resources","publisher":{"@id":"https:\/\/www.morty.com\/resources\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.morty.com\/resources\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.morty.com\/resources\/#organization","name":"Morty","url":"https:\/\/www.morty.com\/resources\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.morty.com\/resources\/#\/schema\/logo\/image\/","url":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/cropped-morty-logo.webp","contentUrl":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/cropped-morty-logo.webp","width":1293,"height":516,"caption":"Morty"},"image":{"@id":"https:\/\/www.morty.com\/resources\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/HiMorty\/","https:\/\/x.com\/himorty","https:\/\/www.linkedin.com\/company\/morty-inc."]},{"@type":"Person","@id":"https:\/\/www.morty.com\/resources\/#\/schema\/person\/b2240f410dcc926390e8592cf8b62046","name":"Nora Apsel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.morty.com\/resources\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1a4a032cbf16a58120495e159080fe9f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1a4a032cbf16a58120495e159080fe9f?s=96&d=mm&r=g","caption":"Nora Apsel"}}]}},"modified_by":"Nora Apsel","taxonomy_info":{"category":[{"value":690,"label":"Loan Officers"},{"value":914,"label":"Product Playbook"}],"post_tag":[{"value":921,"label":"Asset Depletion Loans"},{"value":918,"label":"Bank Statement Loans"},{"value":919,"label":"DSCR Loans"},{"value":917,"label":"IO Loans"},{"value":920,"label":"ITIN Loans"},{"value":915,"label":"non-QM"},{"value":916,"label":"Reverse Mortgage"}]},"featured_image_src_large":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-1024x576.webp",1024,576,true],"author_info":{"display_name":"Nora Apsel","author_link":"https:\/\/www.morty.com\/resources\/author\/nora"},"comment_info":0,"category_info":[{"term_id":690,"name":"Loan Officers","slug":"loan-officers","term_group":0,"term_taxonomy_id":690,"taxonomy":"category","description":"","parent":0,"count":90,"filter":"raw","cat_ID":690,"category_count":90,"category_description":"","cat_name":"Loan Officers","category_nicename":"loan-officers","category_parent":0},{"term_id":914,"name":"Product Playbook","slug":"product-playbook","term_group":0,"term_taxonomy_id":914,"taxonomy":"category","description":"","parent":690,"count":9,"filter":"raw","cat_ID":914,"category_count":9,"category_description":"","cat_name":"Product Playbook","category_nicename":"product-playbook","category_parent":690}],"tag_info":[{"term_id":921,"name":"Asset Depletion Loans","slug":"asset-depletion-loans","term_group":0,"term_taxonomy_id":921,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":918,"name":"Bank Statement Loans","slug":"bank-statement-loans","term_group":0,"term_taxonomy_id":918,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":919,"name":"DSCR Loans","slug":"dscr","term_group":0,"term_taxonomy_id":919,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":917,"name":"IO Loans","slug":"io-loans","term_group":0,"term_taxonomy_id":917,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":920,"name":"ITIN Loans","slug":"itin-loans","term_group":0,"term_taxonomy_id":920,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":915,"name":"non-QM","slug":"non-qm","term_group":0,"term_taxonomy_id":915,"taxonomy":"post_tag","description":"","parent":0,"count":14,"filter":"raw"},{"term_id":916,"name":"Reverse Mortgage","slug":"reverse-mortgage","term_group":0,"term_taxonomy_id":916,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"}],"featured_image_src":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-600x400.webp","featured_image_src_square":"https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-600x600.webp","rttpg_featured_image_url":{"full":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp",1920,1080,false],"landscape":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp",1920,1080,false],"portraits":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp",1920,1080,false],"thumbnail":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-150x150.webp",150,150,true],"medium":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-300x169.webp",300,169,true],"large":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-1024x576.webp",1024,576,true],"1536x1536":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-1536x864.webp",1536,864,true],"2048x2048":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp",1920,1080,false],"gb-block-post-grid-landscape":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-600x400.webp",600,400,true],"gb-block-post-grid-square":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-600x600.webp",600,600,true],"yarpp-thumbnail":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM-120x120.webp",120,120,true],"rt_custom":["https:\/\/www.morty.com\/resources\/wp-content\/uploads\/2025\/05\/9.-QM-vs-Non-QM.webp",1920,1080,false]},"rttpg_author":{"display_name":"Nora Apsel","author_link":"https:\/\/www.morty.com\/resources\/author\/nora"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.morty.com\/resources\/category\/loan-officers\" rel=\"category tag\">Loan Officers<\/a> <a href=\"https:\/\/www.morty.com\/resources\/category\/loan-officers\/product-playbook\" rel=\"category tag\">Product Playbook<\/a>","rttpg_excerpt":"A Qualified Mortgage is a loan that meets strict guidelines put in place by the...","_links":{"self":[{"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/posts\/15245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/comments?post=15245"}],"version-history":[{"count":2,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/posts\/15245\/revisions"}],"predecessor-version":[{"id":15247,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/posts\/15245\/revisions\/15247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/media\/15257"}],"wp:attachment":[{"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/media?parent=15245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/categories?post=15245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/tags?post=15245"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/www.morty.com\/resources\/wp-json\/wp\/v2\/series?post=15245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}