No Income Verification Mortgage — Buy or Refinance Without Tax Returns or Pay Stubs
A no income verification mortgage lets you qualify on credit and assets instead of a paycheck, no tax returns, no W-2s, no pay stubs, and no call to your employer. It’s built for a primary residence you’ll live in, not a rental, and it runs as a 30-year fixed rate with no prepayment penalty. Scores start at 620, LTV runs up to 80%, and loan amounts go from $100,000 to $3 million.
Minimum Credit Score
to Get Started
Maximum LTV on
Purchase & Rate/Term Refi
Maximum Loan
Amount Available
Tax Returns, W-2s or
Pay Stubs Required
No Income Verification Mortgage programs from Mortgage-World.com let self-employed borrowers, retirees, and 1099 earners buy or refinance a home without tax returns or W-2s — with no income and no employment documentation — no tax returns, W-2s, pay stubs, or bank statements. You qualify on your credit, reserves, and the property. Below is exactly how it works, the terms, and who qualifies.
Your Answer Right Here
What Is a No Income Verification Mortgage?
A no income verification mortgage is a home loan where the lender never asks for tax returns, W-2s, pay stubs, or a call to your employer. Instead, your file is underwritten off two things you can actually control right now: your credit history and the liquid assets sitting in your accounts. It’s built specifically for a primary residence, the home you’re buying to live in, whether that’s a purchase, a rate/term refinance, or a cash-out refinance.
This isn’t a subprime product from the 2008 era, and it isn’t a promise with no underwriting behind it. Every file still goes through a real review, credit depth, payment history, sourced and seasoned assets, property type, and appraisal condition all matter. What’s different is which documents get pulled. If you’re self-employed, recently retired, living off investment income, between W-2 jobs, or simply someone whose tax returns understate what you actually bring in, a no income verification mortgage skips the paperwork that usually trips those borrowers up and lets your credit and your bank statements speak for you instead.
Program Requirements
No Income Verification Mortgage Guidelines by Loan Type
Below are the current tiers we place most often as a no income verification mortgage broker. These are program floors, your file, property, and reserves can shift what’s actually offered to you.
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.
If what you’re actually financing is a rental instead of the home you’ll live in, a no income verification mortgage isn’t the right tool, that property qualifies through a DSCR loan instead, which looks at the rent the property collects rather than your credit and assets. We’ll point you to the right one on a quick call either way.
Why This Matters
Why a No Income Verification Mortgage Reviews Different Things Than a Bank Loan
Skipping income and employment paperwork doesn’t mean skipping underwriting, it means the underwriter looks somewhere else. A conventional bank loan leans almost entirely on your tax returns and pay stubs to prove you can afford the payment. A no income verification mortgage leans on your credit history and your liquid assets instead, and both get reviewed just as closely, sometimes more closely, because they’re carrying the full weight of the approval. Per the CFPB’s home financing guidance, understanding which documents a loan actually requires before you make an offer keeps a file from stalling once it’s already under contract.
What Actually Gets Reviewed on This Program
Credit needs two tradelines reporting for 12 or more months, or one tradeline reporting for 24 or more months with activity in the last year. Your mortgage and rental history follows a 0x30x12 standard, meaning no late payment in the trailing twelve months, and if you’re exiting a forbearance plan you’ll need 24 months of seasoning first. A prior foreclosure, short sale, deed-in-lieu, or bankruptcy needs 24 months behind you as well. Assets used for the down payment, closing costs, or reserves have to be sourced and seasoned for 30 days, standard documentation that mirrors Fannie Mae’s asset documentation standards used across the industry. Eligible borrowers include U.S. citizens, permanent resident aliens, and non-permanent resident aliens who carry U.S. credit.
Property type matters too. Single-family homes, PUDs, 2-4 unit properties, modular homes, and rural properties are all eligible, along with condos, though the LTV shifts by type: 75% on a detached condo, 70% on an attached condo, and 50% on a non-warrantable condo. Log homes and manufactured homes don’t qualify on this program. Loans over $2,000,000 automatically require two appraisals plus a desk review, and a property with a C5 or C6 condition rating or a Q6 quality rating won’t be accepted. If the appraiser flags the property as sitting in a declining market, expect a 5% reduction off the max LTV shown in the tables above.
Full Picture
What Affects Your No Income Verification Mortgage Approval
Your credit score gets most of the attention, but these four areas decide whether your file actually clears underwriting.
- 620 minimum credit score to get started
- Two tradelines 12+ months, or one tradeline 24+ months with recent activity
- 0x30x12 mortgage and rental history required
- 24 months seasoning after a foreclosure, short sale, deed-in-lieu, or bankruptcy
- Primary residence and second homes, owner-occupied
- SFR, PUD, 2-4 unit, modular, and rural homes eligible
- Detached condo capped at 75% LTV, attached at 70%, non-warrantable at 50%
- Log homes and manufactured homes are not eligible
- Assets sourced and seasoned for 30 days
- Reserves run 6-9 months depending on your LTV tier
- Cash-out proceeds can count toward reserves at 70% LTV or below
- Subordinate financing up to 75% CLTV, institutional only, no seller carrybacks
- $100,000 to $3 million loan amounts
- 30-year fixed rate only, no ARM or interest-only options
- No prepayment penalty, unlimited cash out
- Seller concessions allowed up to 6%
How It Works
Three Steps to Get Approved
Purchase or refinance, your credit score, and the assets you have on hand, no income or employment paperwork needed yet.
We match your credit and reserves against the grid above and confirm the actual LTV you qualify for.
A rate and payment tied to your actual credit and assets, no tax returns, with the option to lock when you’re ready.
Most callers already know their credit score and roughly what’s sitting in their accounts, so one phone call is usually enough to tell you which tier applies and what you’ll qualify for, at no cost to ask. If a bank already turned you down because two years of tax returns didn’t tell the full story, that’s a sign you were talking to the wrong lender, not that financing doesn’t exist for you.
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 home loan approvals.
Read more from our clients: Read More Reviews →
Common Questions Answered
Common Questions About a No Income Verification Mortgage
Related no-income programs: No income verification mortgage NJ · No income verification mortgage FL · No income verification mortgage CT · No-income cash-out refinance.
