No Income No Employment Mortgage Broker — Get Approved Without Proving Income or a Job
Yes, you can get approved without proving income or employment. As a no income no employment mortgage broker, we place borrowers into two programs built for exactly that. A no-doc mortgage for a primary residence qualifies you off credit and assets, not a paycheck. A DSCR loan for an investment property qualifies off the property’s own rental income, never your personal income. No tax returns, no W-2s, no pay stubs, no employer calls. Credit scores start at 600 on our lowest DSCR tier and 620 on primary residence, with loan amounts up to $3.5 million.
No-Doc Programs
Primary Residence & Investment
Min Credit Score at
55% LTV or Below (DSCR)
Maximum Loan Amount
on Investment Property DSCR Loans
Tax Returns, W-2s or
Pay Stubs Required
No Income No Employment Mortgage Broker — get approved with no job and no income documents, qualifying instead on assets or a 1099 rather than employment, tax returns, or W-2s. Below is exactly how it works, the terms, and who qualifies.
Your Answer Right Here
What Is a No Income No Employment Mortgage Broker?
A no income no employment mortgage broker matches you with loan programs that skip income and employment documentation entirely, no tax returns, no W-2s, no pay stubs, no call to your employer. Instead of one bank’s single underwriting box, a broker routes your file to a lender actually built for your situation. There are two paths. Buying or refinancing the home you live in runs through a no-doc primary residence program, qualifying off credit and liquid assets. Buying or refinancing a rental runs through a DSCR loan, short for debt service coverage ratio, qualifying off the rent the property generates against the mortgage payment, never your personal income.
Both programs exist for the same reason: plenty of borrowers have real purchasing power a tax return doesn’t reflect. Self-employed owners who write off heavily, retirees living off assets, 1099 contractors, LLC investors, and foreign nationals without U.S. tax filings all fit here. As a mortgage broker licensed in New Jersey, Connecticut, and Florida, we’ve placed both types of no-doc files for years, and knowing which program fits which property is usually what trips people up first, which is why we’ve broken both out below.
Program Requirements
No Income No Employment Mortgage Guidelines by Program
Below are the two programs we place most often as a no income no employment mortgage broker, one for a primary residence and one for an investment property. Minimum scores are program floors, your file, property, and reserves can shift what’s actually offered.
Loan Amounts $100,000 – $2,000,000 — Max LTV by Credit Score
| Credit Score | Purchase / Rate & Term | Cash-Out Refinance |
|---|---|---|
| 740+ | 80% | 75% |
| 720 | 80% | 70% |
| 680 | 75% | 65% |
| 660 | 75% | 65% |
| 620 | 60% | 55% |
Loan Amounts $2,000,001 – $3,000,000 — Max LTV by Credit Score
| Credit Score | Purchase / Rate & Term | Cash-Out Refinance |
|---|---|---|
| 740+ | 80% | 70% |
| 720 | 75% | 70% |
| 680 | 75% | 65% |
| 660 | 75% | 65% |
Available on primary residences and second homes. No income or employment documents required — no tax returns, W-2s, pay stubs, or bank statements. Reserves: 6 months at 75% LTV or below, 9 months above 75%, 2 months for first-time buyers (gift funds cannot be used for reserves). Guidelines reflect general program tiers as of 2026, not a quote or commitment to lend.
Key Program Guidelines
- No income, no employment: no tax returns, W-2s, pay stubs, or income of any kind is verified — qualification is based on credit, reserves, and the property.
- Loan amounts: $100,000 to $3,000,000 — purchase, rate-and-term, or cash-out (cash-out is unlimited).
- Occupancy: primary residences and second homes.
- Property types: single-family, PUD, townhome, warrantable and non-warrantable condos, 2–4 units, modular, rural, mixed-use, and log homes (Florida condos over 70% LTV require a full condo review).
- Products: fixed-rate and 7/6 or 10/6 ARM. No interest-only and no prepayment penalty.
- Credit events: foreclosure seasoned 7 years; bankruptcy, short sale, or deed-in-lieu seasoned 48 months.
- Gift funds: allowed for up to 100% of the down payment and closing costs (not for reserves).
- Eligibility: U.S. citizens, permanent resident aliens, and non-permanent resident aliens with U.S. credit; homeowner counseling is required on every transaction.
This no income no employment cash-out option has no limit on funds taken out, and proceeds can count toward your reserve requirement when the subject LTV is 70% or below. Guidelines reflect general program tiers as of July 2026, not a quote or commitment to lend.
Program 2: No Income No Employment DSCR Loan for Investment Properties
| Min. Credit Score | Purchase | Rate/Term Refi | Cash-Out |
|---|---|---|---|
| 720+ | 85% | 85% | 80% |
| 700+ | 80% | 80% | 75% |
| 680+ | 80% | 80% | 75% |
| 640+ | 75% | 75% | 70% |
| 620+ | 70% | 70% | 65% |
| 600+ | 65% | 65% | 65% |
| No minimum† | Up to 55% | Up to 55% | Up to 55% |
Non-owner occupied, investment properties only, with no personal income or employment documents reviewed. Minimum 1.00 DSCR ratio (1.20 minimum required above 80% LTV). Loan amounts run $100,000 to $3.5 million depending on credit score and LTV. † There is no minimum credit score at 55% LTV or below.
Beyond Standard DSCR, we place a few variations for investors who don’t fit that grid: DSCR Fusion blends rental income with assets and allows ITIN borrowers; Sub1 DSCR fits a .75-1.0 debt service ratio; No Ratio DSCR needs no minimum ratio, for break-even or negative cash flow; Foreign National DSCR serves non-U.S. citizen investors. None require personal income or employment documentation.
Why This Matters
Why We Use Two Different No-Doc Programs, Not One
The property you’re financing decides which no-doc path applies, and mixing the two up is the most common mistake we see. A primary residence always runs through the credit-and-assets program above. A rental you don’t occupy always runs through DSCR, since the lender needs a measure of cash flow to lean on instead of your paycheck, and that measure is the rent the property collects. Per the CFPB’s home financing guidance, knowing your path before you make an offer avoids a stalled file at underwriting.
No Income No Employment for a Primary Residence: What Actually Gets Reviewed
Skipping income and employment doesn’t mean skipping underwriting, it shifts what gets reviewed. Credit needs two tradelines reporting 12+ months, or one reporting 24+ months with recent activity. Assets for down payment, closing costs, or reserves must be sourced and seasoned 30 days. Mortgage history follows 0x30x12, and a foreclosure, short sale, deed-in-lieu, bankruptcy, or forbearance exit needs 24 months of seasoning. Eligible properties: single-family, PUD, 2-4 unit, modular, rural, and condo, capped at 75% LTV detached, 70% attached, 50% non-warrantable. Log and manufactured homes aren’t eligible. U.S. citizens, permanent resident aliens, and non-permanent resident aliens with U.S. credit can all use it.
No Income No Employment DSCR Loans for Investment Property: What Actually Gets Reviewed
DSCR underwriting compares the property’s rental income against the mortgage payment, taxes, insurance, and dues, using a market rent estimate or existing lease. That ratio drives your loan-to-value, not your tax return or job. Housing history follows 0x30x12; a late payment inside six months triggers a 10% LTV reduction. A prior foreclosure, short sale, DIL, or bankruptcy needs 36 months of seasoning. Reserves scale with loan size, 3-12 months, and cash-out proceeds can satisfy part of the requirement. Short-term rentals like Airbnb qualify with 12 months of rental history. The new 600 score, 65% LTV tier gives lower-credit investors an entry point that used to require 620. Note: New Jersey prepayment penalties aren’t allowed closing in an individual’s name, only in a corporation’s.
Full Picture
What Affects Your No Income No Employment Loan Approval
Your credit score gets most of the attention, but these four areas decide whether your no income no employment file actually clears underwriting.
- 620 min. on primary residence, 600 min. on Standard DSCR
- Two tradelines 12+ months, or one tradeline 24+ months with recent activity
- 0x30x12 housing history required on both programs
- 24-36 months seasoning after a foreclosure, short sale, DIL, or bankruptcy
- Primary residence: owner-occupied, SFR, PUD, condo, 2-4 unit, modular, rural
- DSCR: non-owner occupied investment property only, 1-4 units
- Non-warrantable and short-term rentals eligible on select tiers
- Log homes and manufactured homes ineligible on either program
- Assets sourced and seasoned for 30 days on the no income no employment primary residence program
- Reserves: 6-9 months primary residence, 3-12 months DSCR by loan size
- Cash-out proceeds can count toward reserves on both programs
- Subordinate financing up to 75% CLTV, institutional only, no carrybacks
- Primary residence: $100,000-$3 million, fixed rate only
- Standard DSCR: $100,000-$3.5 million, fixed and ARM options
- No prepayment penalty on the primary residence program
- Unlimited cash out; seller concessions up to 6%
How It Works
Three Steps to Get Approved
Primary residence or investment, plus credit score, assets or rent, no income or employment paperwork needed.
We confirm which program fits and the actual LTV you qualify for.
A rate and payment tied to your credit and property, no tax returns, with the option to lock when ready.
One phone call usually tells us which program fits and what you’ll qualify for, at no cost. If a bank already said no because you couldn’t produce two years of tax returns, that’s a sign you were talking to the wrong lender, not that financing doesn’t exist.
Related Resources
Related Mortgage Pages
These pages cover the programs most often paired with a no-income-verification loan.
What Clients Say
Real Reviews From Our Clients
Here’s what a few clients said about working with Mortgage-World.com on their no income no employment and traditional home loan approvals.
Read more about our no income no employment mortgage clients: Read More Reviews →
Common Questions Answered
Common Questions About a No Income No Employment Mortgage Broker
Related no-income programs: No income verification mortgage overview · No-income cash-out refinance.
