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10 Best Non-QM Lenders in Virginia

This ranking identifies the top 10 non-QM lenders operating in Virginia, evaluated on product depth, borrower fit, and state-specific presence. It is designed for self-employed borrowers, real estate investors, and mortgage brokers who need financing solutions outside conventional agency guidelines. Use it to quickly identify which lenders align with your documentation type, loan purpose, and channel preference.

LoanWise Editorial Team

Isometric scene of a Virginia streetscape with colonial and modern office buildings, townhomes, and small figures near a mortgage lending office.

Virginia's real estate market spans a uniquely diverse economic landscape — from the high-demand Northern Virginia suburbs tied to the D.C. metro corridor, to established coastal markets like Virginia Beach, to growing mid-state metros like Richmond and Roanoke. This geographic and economic variety creates meaningful demand for mortgage products that go beyond the agency-conforming box, particularly for self-employed professionals, real estate investors, and borrowers with nontraditional income structures.

Non-QM lending — short for non-qualified mortgage lending — fills a critical gap in the financing market. Unlike conventional loans governed by Fannie Mae and Freddie Mac guidelines, non-QM products allow lenders to underwrite based on alternative documentation such as bank statements, profit-and-loss statements, 1099 income, asset utilization, or debt service coverage ratios (DSCR). For Virginia borrowers who own businesses, hold investment properties, earn variable or freelance income, or simply cannot present two years of W-2 history, non-QM financing can be the difference between accessing a deal and walking away from it.

The Virginia non-QM lending space includes a mix of wholesale platforms designed for mortgage brokers, direct-to-consumer retail lenders, and regional specialists with Mid-Atlantic market familiarity. Key factors that distinguish lenders in this space include:

  • Product breadth: Whether the lender offers bank statement, DSCR, asset-based, 1099, P&L, and other alternative-doc programs
  • Borrower segment fit: Specialization in self-employed borrowers, real estate investors, ITIN borrowers, or a blend
  • Channel availability: Wholesale-only access through brokers versus direct retail lending for consumers
  • Virginia-specific presence: State licensing, local market knowledge, and dedicated Virginia product pages or coverage
  • Loan purpose flexibility: Support for purchases, rate-and-term refinances, and cash-out scenarios

This ranking was assembled to give Virginia borrowers, brokers, and investors a clear starting point for identifying non-QM lenders that are both meaningfully present in the state and well-positioned to handle complex financing scenarios. The lenders profiled here were evaluated on product diversity, Virginia market relevance, channel fit, and borrower accessibility — not on advertising spend or brand size alone.

#1

Deephaven Mortgage

Leading wholesale non-QM lender for Virginia originators

State Focus

Virginia

Primary Channel

Wholesale

Core Non-QM Borrowers

Self-employed & investors

Named Product Types

4+

Occupancy Use

Owner-occupied & investor

Deephaven stands out for its deep non-QM specialization in Virginia, with programs built for self-employed borrowers, real estate investors, and borrowers using alternative income documentation. Its menu includes bank statement, DSCR, asset utilization, and closed-end second lien options that fit broker and investor use cases well.
#2

NQM Funding, LLC

Broad wholesale non-QM platform with Virginia relevance

State Coverage

Nationwide

Primary Channel

Wholesale

Virginia Relevance

Active

Core Focus

Non-QM

Specialty Borrower Segment

ITIN borrowers

NQM Funding is positioned as a nationwide non-QM wholesale lender with an extensive product line and active Virginia-focused marketing. It is especially relevant for brokers handling ITIN, self-employed, investor, and other complex-income scenarios.
#3

Angel Oak Mortgage Solutions

Established wholesale non-QM brand for alternative-income borrowers

Primary Channel

Wholesale

State Relevance

Virginia broker coverage

Core Focus

Non-QM

Borrower Types

Self-employed & alt-doc

Angel Oak is one of the better-known names in non-QM and has meaningful broker distribution relevant to Virginia. It is attractive for self-employed and alternative-documentation borrowers who need a lender with scale, product breadth, and a recognized wholesale platform.
4
#4

Griffin Funding

Virginia bank statement lender with consumer-friendly online reach

Virginia Areas Listed

10+

Primary Non-QM Type

Bank statement

State Focus

Virginia

Channel

Direct-to-consumer

Griffin Funding is a strong retail-facing option for Virginia borrowers seeking bank statement non-QM financing. Its Virginia-specific page and area coverage make it useful for self-employed borrowers and borrowers needing flexible qualification beyond standard tax-return-based underwriting.
5
#5

Capital Home Mortgage

Virginia non-QM option for profit-and-loss borrowers

State Focus

Virginia

Primary Non-QM Type

Profit and loss

Use Cases

Purchase, refinance, cash-out

Borrower Segment

Self-employed

Capital Home Mortgage is especially relevant for self-employed Virginia borrowers who need P&L-based qualification rather than conventional income treatment. Its product positioning is practical for purchases, refinances, and cash-out scenarios where alternative documentation matters.
6
#6

LendFriend Mortgage

Broad Virginia non-QM menu with modern niche options

Named Non-QM Product Types

4

State Focus

Virginia

Borrower Segments

Business owners, 1099 earners, investors

Occupancy/Use

Primary & investment

LendFriend Mortgage offers a broad Virginia non-QM lineup, including bank statement, asset-based, DSCR, and crypto-backed financing. That breadth makes it appealing for borrowers and investors whose financial profile falls outside agency rules.
7
#7

Brokers First Funding

Wholesale lender with Virginia licensing and broker utility

State Focus

Virginia

Primary Channel

Wholesale

Virginia Liquidity Reference

$200,000

Audience

Mortgage brokers

Brokers First Funding is relevant for Virginia originators seeking a wholesale lender with state-specific presence and non-QM execution. It appears particularly useful for brokers who value licensing clarity and flexible program access for harder-to-place files.
8
#8

United 1 Mortgage

Virginia-focused retail non-QM lender for alternative documentation

State Focus

Virginia

Primary Offering

Non-QM loans

Channel

Retail/direct

Published Phone

703-889-7669

United 1 Mortgage provides Virginia non-QM lending tailored to borrowers who cannot qualify through standard agency documentation. It is a practical retail option for self-employed borrowers and investors looking for a local-market lender with consumer-facing accessibility.
9
#9

ABC United Finance Corp

Regional non-QM lender serving Virginia investors and entrepreneurs

Markets Served

VA, MD & DC

Named Non-QM Product Types

4

Primary Borrowers

Self-employed & investors

State Focus

Virginia

ABC United Finance Corp offers a useful regional non-QM mix across Virginia, including bank statement, DSCR, asset-based, and 1099 programs. That combination makes it relevant for self-employed borrowers and rental property investors needing more flexible qualification paths.
10
#10

Tidewater Home Funding

Long-standing Virginia mortgage lender with non-QM availability

NMLS ID

41552

Founded/Serving Since

2000

Published Phone

757-366-8690

State Focus

Virginia

Tidewater Home Funding brings local Virginia tenure and offers non-QM among its mortgage programs, making it a credible option for borrowers who value in-state familiarity. It is best suited for borrowers who want a conventional lender relationship but need some non-QM flexibility.

●Conclusion

With ten lenders profiled across a range of channels, product types, and borrower segments, the right choice depends less on who ranks highest and more on which lender best matches your specific financing situation in Virginia. A mortgage broker sourcing a DSCR loan for a rental acquisition in Richmond has different needs than a self-employed physician in Northern Virginia seeking a bank statement purchase loan — and this list reflects that diversity intentionally.

When comparing non-QM lenders in Virginia, consider the following evaluation factors before committing to an application:

Documentation type: Confirm that the lender explicitly supports your income documentation — whether that is 12 or 24 months of bank statements, a CPA-prepared P&L, 1099s, or asset depletion. Not every non-QM lender offers every alternative-doc program, and product availability within a state can vary.

Loan purpose and property type: Some lenders on this list are better suited to owner-occupied purchases, while others are built around investor scenarios including DSCR rental loans, second liens, or cash-out refinances. Match the lender's core product emphasis to your transaction type.

Channel fit: Several lenders here operate exclusively through the wholesale broker channel, meaning consumers cannot apply directly. If you are a borrower without a broker relationship, prioritize the direct-to-consumer lenders on this list. If you are a Virginia originator, the wholesale platforms may offer broader product access and pricing flexibility.

Rate, fees, and terms: Non-QM loans carry higher rates than conforming products by nature of their risk profile and capital structure. Request loan estimates from at least two or three lenders before proceeding, and pay close attention to origination fees, prepayment penalties, and interest rate structures — particularly whether the loan is fixed or adjustable.

Lender experience with Virginia files: State-specific nuances in titling, closing practices, and regulatory compliance matter. Lenders with dedicated Virginia product pages or active account executive coverage in the state are better positioned to close without friction.

Non-QM financing can be a powerful tool when used strategically — but it rewards borrowers and brokers who take the time to match the right lender to the right file. Use this ranking as a starting framework, then engage directly with two or three candidates to compare terms, turnaround timelines, and program fit for your specific Virginia transaction.

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