What is a Select Alt Doc?

Provides the Self -Employed Borrower options on what documents will best tell their financial story. Utilizing either Business bank statements, Personal bank statements, 1099 or P&L with or without bank statements to qualify. When the agency route just won’t work for your borrowers specific scenario, our Select Alt Doc loan is a perfect alternative.

Need a Select Alt Doc loan scenario review?

If you have a client scenario that you would like our team to review, please use our simple prequal submission form.


  • Up to 90% Max LTV
  • Loan Amounts: $125K–$3.5M+
  • Purchase, Rate and Term, Cash Out
  • OO, Second Homes, NOO
  • Min FICO Score of 640, Qualifying off Primary Wage Earner’s Middle Score
  • 1–2 Years Bank Statements (Business or Personal) or 1099 or P&L With 2 Months Business Bank Statements or P&L Only (Overlays Applied)
  • Less Seasoning on Recent Credit Events
  • U.S. Person and ITIN


Become an Approved
Broker in Just Minutes!

Offer your clients even more financing options by becoming an NQM Funding, LLC-approved broker. You’ll gain access to our competitive loan packages, flexible programs, and top-quality support service to ensure that your clients are getting the best deal, every time.


This information is intended for the exclusive use of licensed real estate and mortgage lending professionals in accordance with all laws and regulations. Distribution to the general public is prohibited. Rates and programs are subject to change without notice.