Non-QM & Self-Employed Mortgages in Virginia

About 306,358 people work for themselves across the Virginia counties in our data, and lenders reported 981 first mortgages there in 2024 with interest-only, balloon or other features that fall outside the Qualified Mortgage rules. This page covers the Virginia rules self-employed and non-QM borrowers ask about, every program by state, and local pages for 194 cities and towns.

Self-employed or outside the box in Virginia?

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Virginia rules and records to know

Mortgage licensing: Virginia State Corporation Commission, Bureau of Financial Institutions
Business entity records: Virginia State Corporation Commission, Clerk's Office
CPA licensing: Virginia Board of Accountancy
Professional license lookup: Virginia Department of Professional and Occupational Regulation
Condo buyers: Virginia condominiums are governed by the Virginia Condominium Act, and the Department of Professional and Occupational Regulation's Common Interest Community Board handles condominium registrations and association annual reports and licenses association managers, while its Common Interest Community Ombudsman helps owners understand their rights. The state also provides a standardized resale certificate form, the disclosure packet buyers and lenders typically review before a condo purchase.
Foreclosure process: Most Virginia home loans are secured by a deed of trust; after a default, the trustee can sell the property after giving the owner the statutory written notice and advertising the sale (Va. Code 55.1-321).
Recording taxes and fees: State recordation tax on deeds and on deeds of trust/mortgages, city or county recordation tax, and the grantor tax on deeds - all collected by the circuit court clerk as a prerequisite to recording.

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Prefer to talk first? Call (888) 508-8976. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.

Non-QM programs in Virginia

Larger Virginia cities

https://www.scc.virginia.gov/bfi/reg_inst/mlo.aspx
https://www.virginiahousing.com/homebuyers/home-loans
https://law.lis.virginia.gov/vacode/55.1-321/
https://law.lis.virginia.gov/vacodefull/title58.1/chapter8/
https://www.pwcva.gov/department/circuit-court/land-records-fees
https://scc.virginia.gov/clk/bussrch.aspx/pix/intro_cis.aspx
https://cpaportal.boa.virginia.gov/Verification/Search.aspx
https://www.dpor.virginia.gov/index.php/licenselookup
https://dporweb.dpor.virginia.gov/LicenseLookup/
https://www.dpor.virginia.gov/CIC-Ombudsman