No-Income Documentation Loans
No-Income Documentation Loans
Get approved without showing tax returns, pay stubs, or income statements.
No-Income Documentation Loans — sometimes called “No Doc” loans — are designed for borrowers who have the assets and credit to buy or refinance property but can’t or don’t want to verify income the traditional way. These loans rely on other factors like assets, credit score, and property value — not your job history or W-2s.
What Is a No-Income Documentation Loan?
A No-Income Documentation Loan is a non-QM (non-qualified mortgage) that allows borrowers to skip the standard income verification process. That means:
- No tax returns
- No pay stubs
- No W-2s or 1099s
- No employment verification
Instead, the lender looks at your creditworthiness, assets, and down payment strength to determine your eligibility.
These loans are ideal for borrowers who are financially strong but have non-traditional income sources — or who prefer not to disclose income for privacy or tax strategy reasons.
Who Should Use a No-Income Documentation Loan?
This type of mortgage is a great fit for:
- High-net-worth individuals with strong credit
- Retirees with assets but no current income
- Self-employed borrowers with fluctuating or unreported income
- Foreign nationals buying U.S. property
- Real estate investors using asset-backed strategies
- Anyone who wants to avoid disclosing income documents
If you have the assets or equity but can’t easily document income, a No Doc loan could be the solution.
Key Benefits of No-Income Documentation Loans
- No employment or income documentation required
- Ideal for privacy-focused or non-traditional borrowers
- Qualify based on assets, credit score, or property value
- Fast approval and minimal paperwork
- Can be used for purchase, refinance, or cash-out
No-Doc Loan Requirements
- Credit Score – Typically 680 or higher
- Large Down Payment – Usually 25–35% down for purchases
- Asset Verification – Bank statements or proof of liquid reserves may be needed
- Strong Equity Position – For refinance or cash-out, at least 30–40% equity is typically required
- Property Appraisal – Required to assess current market value
- Loan Purpose – Often used for investment or luxury properties, but primary residences may qualify
Every lender sets their own criteria, so it’s best to review with a specialist.
FAQ
It’s a mortgage that allows you to qualify without verifying income through tax returns, pay stubs, or W-2s.
Yes. Most lenders require a credit score of at least 680, sometimes higher depending on the loan size and property type.
These are considered non-traditional, higher-risk loans, so they usually come with higher interest rates and larger down payment requirements.
Yes. In fact, many real estate investors use No Doc loans to purchase or refinance rental or fix-and-flip properties.
That’s okay — if you have the assets, credit, and equity, you may still qualify. These loans are based on what you have, not how much you make.
Availability may vary by state and lender. Be sure to check with a licensed loan officer in your state.
