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10 Best Non-QM Lenders in Delaware

This ranking identifies the ten strongest Non-QM mortgage lenders serving Delaware borrowers in 2025, with a focus on alternative-income qualification, investor lending, and flexible underwriting. It is designed for self-employed borrowers, real estate investors, and homebuyers who fall outside conventional agency guidelines. Use this list to identify lenders whose product depth, state presence, and borrower-profile fit align with your financing needs.

LoanWise Editorial Team

Isometric scene of Delaware historic and modern buildings with small figures representing borrowers and lenders exchanging mortgage documents near a coastal investment property.

Delaware's mortgage market occupies a distinctive position in the Mid-Atlantic region. As a state with a concentrated real estate footprint spanning New Castle, Kent, and Sussex counties, Delaware attracts a range of borrowers — from first-time homebuyers in Wilmington suburbs to seasoned investors acquiring rental properties along the Sussex coast. For borrowers whose income profiles do not fit neatly into conventional agency requirements, Non-QM mortgage lending has become an increasingly important financing channel in the state.

Non-Qualified Mortgage lending — commonly called Non-QM — refers to loan programs that operate outside the standardized underwriting criteria established by Fannie Mae, Freddie Mac, and government agencies like FHA and VA. These programs are specifically designed for borrowers who have strong financial positions but unconventional documentation, including self-employed individuals using bank statements or 1099s, real estate investors qualifying on property cash flow via DSCR, asset-based borrowers, and non-citizen applicants. In a state like Delaware, where small business ownership and real estate investment activity are meaningful parts of the local economy, Non-QM programs fill a critical gap.

The lenders ranked here were evaluated on a combination of factors relevant to Delaware borrowers and mortgage professionals, including:

  • Non-QM program depth and specialization — the breadth of alternative-documentation options available
  • Delaware market presence — state licensing, dedicated state pages, and local originator networks
  • Borrower profile fit — alignment with self-employed, investor, and alternative-income scenarios
  • Channel accessibility — whether the lender is reachable directly or through broker relationships
  • Reputation among mortgage professionals — recognition in the wholesale and retail Non-QM space

Whether you are a Delaware real estate investor seeking DSCR-based financing, a self-employed professional needing bank statement qualification, or a borrower with a complex income structure, this ranking is designed to surface the most relevant lending options available in the state today.

#1

Angel Oak Mortgage Solutions

Leading Non-QM specialist for alternative-income Delaware borrowers

Non-QM Focus

Specialist lender

Channel

Wholesale and broker-distributed

Primary Use Cases

Bank statement, investor, alt-doc

Geographic Scope

U.S. national

State Relevance

Active for Delaware brokered loans

Angel Oak is one of the most established Non-QM-focused mortgage lenders in the U.S., making it a standout option for Delaware borrowers needing flexible underwriting. It is especially relevant for bank statement, investor cash-flow, and other alternative-documentation scenarios commonly used by self-employed borrowers and real estate investors.
#2

Deephaven Mortgage

Broker-focused Non-QM lender with strong investor positioning

Non-QM Focus

Specialist lender

Channel

Broker and wholesale

Primary Use Cases

Investor and alt-income loans

Geographic Scope

U.S. national

State Relevance

Available through Delaware brokers

Deephaven Mortgage ranks highly for Delaware because of its clear Non-QM orientation and strong reputation among mortgage brokers for alternative-income lending. It is especially attractive for investors and self-employed borrowers seeking flexible qualification beyond standard conforming rules.
#3

Brokers First Funding

Delaware-licensed wholesale lender with 22-plus Non-QM programs

Non-QM Programs

22+

NMLS

243082

Delaware License

Licensed

Channel

Wholesale

Product Scope

Non-QM, Agency, Government, Specialty

Brokers First Funding is one of the clearest Delaware-specific choices because it explicitly states Delaware licensing and promotes a deep menu of Non-QM programs. For brokers and referral partners, its broad wholesale product set makes it a high-utility option for DSCR, alternative-doc, and flexible borrower scenarios.
4
#4

Primary Residential Mortgage, Inc.

Local Delaware lender with broad Non-QM menu

NMLS (John Thomas)

38783

Non-QM Programs Mentioned

14

Counties Served

3

Stand-Alone Second Min Loan

$75,000

Stand-Alone Second Min FICO

660+

Stand-Alone Second Max CLTV

Up to 90%

Primary Residential Mortgage, Inc., through its Delaware-based John Thomas platform, stands out for combining local market presence with an unusually visible Non-QM offering. It is especially compelling for Delaware borrowers seeking DSCR, bank statement, 1099, asset-based, and stand-alone second mortgage solutions from a local advisor.
5
#5

Mortgage Equity Partners

Investor-friendly Delaware Non-QM lender with cash-flow options

Non-QM Focus

Dedicated Delaware program page

Primary Investor Metric

Cash-flow qualification

Channel

Retail mortgage lender

Geographic Scope

Multi-state

State Relevance

Delaware-specific Non-QM offering

Mortgage Equity Partners earns a strong spot for its dedicated Delaware Non-QM page and investor-oriented underwriting messaging. Its positioning around DSCR-style cash-flow qualification and alternative documentation makes it relevant for rental property buyers and borrowers with nontraditional income.
6
#6

Capital Home Mortgage

Delaware Non-QM lender for self-employed and investor borrowers

Non-QM Focus

Dedicated Delaware page

Key Borrower Types

4+

Channel

Retail mortgage lender

Primary Use Cases

Self-employed, investor, asset-based

State Relevance

Delaware-specific offering

Capital Home Mortgage is highly relevant because it directly markets Delaware non-qualified mortgage loans and speaks to several core Non-QM borrower segments. Its focus on self-employed, investor, non-citizen, and asset-based scenarios makes it a useful option for borrowers who need flexibility beyond agency guidelines.
7
#7

Griffin Funding

National Non-QM brand with Delaware bank statement lending

Non-QM Focus

Bank statement lending page

Primary Use Case

Alternative income qualification

Channel

Direct lender

Geographic Scope

National

State Relevance

Delaware mortgage lender page

Griffin Funding is a recognizable Non-QM-oriented lender and is particularly relevant in Delaware for bank statement lending. It serves borrowers who need alternative income documentation rather than traditional W-2-based qualification, making it a practical option for self-employed and commission-heavy applicants.
8
#8

Select Home Loans

Non-QM broker for Delaware 1099, DSCR, and P&L loans

NMLS

2384002

Program Types Mentioned

4

Primary Use Cases

1099, bank statement, P&L, DSCR

Channel

Mortgage broker

State Relevance

Delaware investor lending content

Select Home Loans is a useful Delaware option for investor and self-employed borrowers because it actively markets 1099, bank statement, P&L, and DSCR programs in the state. Its broker model can be beneficial for borrowers wanting flexible lender matching rather than a single in-house credit box.
9
#9

CrossCountry Mortgage, Inc.

Large national lender with flexible income-profile mortgage options

Lender Type

National retail mortgage lender

Geographic Scope

U.S. national

State Relevance

Active in Delaware

Primary Strength

Scale and product breadth

Non-QM Relevance

Flexible income-profile solutions

CrossCountry Mortgage brings major scale, broad mortgage product capacity, and active Delaware relevance, making it a credible choice for borrowers with more complex income situations. While not as purely Non-QM-specialized as the top-ranked lenders, its reach and operational depth can benefit borrowers needing flexible underwriting support.
10
#10

NASB

Alternative-document lender with self-employed borrower appeal

Lender Type

Mortgage-focused bank lender

Primary Strength

Alternative-doc experience

Geographic Scope

U.S. national

State Relevance

Available to Delaware borrowers

Non-QM Relevance

Self-employed and investor-friendly

NASB makes the list because of its long-standing alternative-document lending reputation and relevance for borrowers who do not fit conventional underwriting neatly. It can be a practical fit for self-employed and investor-oriented applicants in Delaware seeking more flexible income review than many traditional lenders offer.

●Conclusion

Choosing the right Non-QM lender in Delaware is not simply a matter of picking the most recognizable name. Because Non-QM programs vary significantly in structure, pricing, and eligibility, the best lender for your situation depends on how well their specific programs align with your borrower profile, property type, and financing goals.

When evaluating options from this ranking, consider the following factors carefully:

  • Program fit: Confirm that the lender offers the specific Non-QM product you need — whether that is a bank statement loan, DSCR investor loan, 1099-based qualification, asset depletion, or a stand-alone second mortgage. Not every lender on this list covers every program type equally.
  • Rate and fee structure: Non-QM loans typically carry higher interest rates than conventional conforming loans due to the additional underwriting flexibility they provide. Compare rate quotes across at least two or three lenders to understand where pricing lands for your specific scenario.
  • Channel and access: Several top-ranked lenders distribute exclusively through mortgage brokers rather than directly to consumers. If you do not already have a broker relationship, factor in the time and process of establishing one — or prioritize retail lenders that offer direct consumer access.
  • State licensing and local presence: Confirm that any lender you engage is licensed to originate mortgages in Delaware. Lenders with dedicated Delaware content, local originators, or explicit state licensing disclosures tend to offer more seamless execution in the state.
  • Borrower experience requirements: Some Non-QM programs — particularly investor DSCR products — may have reserve requirements, minimum FICO thresholds, or property-type restrictions that affect your eligibility. Ask for full program guidelines before proceeding.

For Delaware real estate investors and self-employed borrowers, Non-QM lending represents a legitimate and growing segment of the mortgage market — not a last resort. The lenders ranked here reflect a range of specializations, from nationally recognized Non-QM platforms to Delaware-specific local advisors. Comparing multiple options against your actual financing scenario remains the most reliable path to securing terms that work for your investment or homeownership strategy in Delaware.

Keywords:Mortgage