Not at all — non-bank lenders offer home loans to all walks of life who wanted an alternative option. Non-banks usually have a different set of criteria, which allow applicants, who might have been turned down by a traditional bank, to be qualified for a home loan.
However, it is true that most of the time, non-bank lenders are able to accommodate borrowers with low credit score, high debt-to-income ratio or those who are self-employed.