Non-QM Loans in Palm Beach County: Bank Statements, DSCR & More
Non-QM loans in Palm Beach County serve a meaningful share of the buyer market. Self-employed business owners, real estate investors, foreign nationals, and retirees with significant assets but limited W-2 income all benefit from non-QM documentation alternatives. These are not subprime loans — they are creditworthy borrowers using flexible income documentation.
Who uses non-QM loans in Palm Beach County
Business owners and entrepreneurs who write off significant expenses on tax returns. Real estate investors qualifying on rental income via DSCR programs. South American, Canadian, and European buyers without US Social Security numbers or credit history. Retirees with $1M+ in investable assets who are living off investment income.
Bank statement loans
12 or 24 months of bank deposits replace tax returns. For self-employed buyers in Palm Beach County, this is the most common alternative documentation path. Lenders apply a 50% expense ratio to business deposit totals, or 100% to personal deposits. Rates are 0.5–1.0% above conventional.
DSCR in Palm Beach County
DSCR loans qualify investors on the property’s rental income with no personal income documentation. Strong rental demand in Palm Beach County supports DSCR qualification at current price points in Lake Worth, Boynton Beach, and West Palm Beach. Read the full Palm Beach DSCR loan guide.
Asset depletion programs
Borrowers with substantial liquid assets (brokerage accounts, savings, retirement accounts) can use asset depletion to qualify. The lender divides total assets by the loan term to generate a monthly income figure. A borrower with $3M in assets qualifies for $12,500/month in income on a 20-year asset depletion schedule. Mortgage Capital offers all major non-QM programs in Palm Beach County.
For personalized guidance on buying or selling in South Florida, contact the team at Pure Equity Realty. We serve Palm Beach, Broward, Miami-Dade, St. Lucie, and Highlands counties with expert representation and a 1% listing fee.
Onias Derilus is the Broker/Owner of Pure Equity Realty, a South Florida brokerage specializing in 1% listing commissions and free buyer representation across Palm Beach, Broward, Miami-Dade, St. Lucie, and Highlands counties. He holds an NMLS mortgage originator license and founded Mortgage Capital and Verified Title to serve clients through every step of the transaction.