Top 20 Non-QM Lenders in 2023

2023 was a fantastic year for the non-QM home loan industry. Non-QM home loan providers offer a much-needed service to citizens who want to purchase a home but don’t meet the qualifications necessary to obtain a traditional home loan.

Traditional lenders typically want borrowers to have a high credit score, favorable income-to-debt ratio, a stable source of income, proof of citizenship, and more. If you don’t meet these standards, then you could struggle to get a traditional loan.

Non-QM home loan providers can help in these situations, and their services are increasingly in demand over the past few years. Throughout 2023, the top five non-QM lenders had an average dollar volume of an outstanding $94 million! Collectively, these top five lenders generated 216 new loans that year. These top five companies are (in order) Michael Fuller, Michael Rodriguez, John Sperling, Niket Patankar, and Joe Dunn.

Michael Fuller with Constructive Capital holds the leading position with an impressive dollar volume of $201,000,000 spread out over 535 non-QM loans. This incredible lead is almost double the dollar volume produced by the 2nd leader, Michael Rodriguez with Platinum Capital Mortgage. Rodriguez held a dollar volume of $118,639,819 spread out over 165 loans.

These numbers drop off significantly with the third leading lender, John Sperling with Visio Financial Services, holding a dollar volume of $69,084,168 in 239 loans and Niket Patankar with Predian Financial Services holding $43,224,001 over 127 loans.

When looking at the next leading top 20 non-QM loan holders, the average number of loans held by each lender drops significantly. For instance, the 16th leading non-QM loan holder, Mark Robertson, only had 4 loans throughout 2023, but the dollar volume reached an outstanding $8,489,750. The 20th leading holder, Kevin Fawley, held 21 loans at a dollar volume of $7,926,008.

These numbers reflect a growing trend – even individuals who can afford very valuable homes are turning to non-QM lenders to fund their purchases. More Americans are facing non-traditional financial situations, higher debt levels, or other situations that are excluding them from the traditional home funding process.

Would Non-QM Home Loan Funding Benefit You?

Are you currently looking to fund your homeownership goals? Do you have non-traditional situations that are holding you back from being eligible for a typical loan? If so, then working with a non-QM alternative lender might be a great option for you. Here at Non-QM Home Loans, our team of qualified agents can help guide you through the process if you’re currently looking at your options.

First, we’ll help you identify your best options based on your unique circumstances. We’ll go over your situation to identify your unique needs and inform you regarding your best options.

Are you ready to get started? Click through our interactive menu now to get a better idea of the types of loans we can offer you in your situation. If you’d prefer to speak one-on-one with one of our agents, then you can reach out to us at (800) 413-0240.