# Non-QM fit checklist

**Mortgage Dorks Season 1**
**Course:** The Glossary - Learn the Language
**Lesson:** Non-QM in One Page
**Format:** Checklist

## Use This For

Explain Non-QM without making it sound like a last-chance junk drawer.

## Artifact Contents

- Why agency/QM path is not fitting.
- Ability-to-repay support.
- Documentation path: bank statement, DSCR, asset, full doc, or other.
- Investor appetite and pricing/reserve tradeoff.
- Borrower-facing disclosure and suitability conversation under company rules.

## How To Use It

- Rewrite a declined-agency explanation as a possible-path review, not a promise.
- Name the first document or source that would determine whether the path is worth pursuing.

## Guardrail

Education and workflow support only. Not underwriting approval, legal advice, tax advice, financial advice, a rate quote, or a promise of eligibility. Follow employer, investor, agency, state, and federal requirements.