Jose Diaz - Loan Officer
Primary Home Loans NO income Verification

NO Income Verification Loans are home mortgage programs do not require you to provide any income documentation like paystubs, W2s or Tax returns. For these programs the lender allows you to use other items, such as bank statements, rental income from the new collateral, to show that you can repay a mortgage.

What is a No-Income Verification Mortgage?

In NO income verification mortgages, lenders don’t require applicants to prove or document a source of income. Other names for such mortgages include “stated-income” loans and “no-doc” or “alt-doc” loans, but all of them fall under the same umbrella definition with only a few differences as NON-QM.

What document I need to qualify for a NO income loan?
  • Driver License,
  • Social Security,
  • 2 months bank statements.
What credit score do you need for no income verification?

Around 680. It depends on the size of your loan amount, downpayment, credit score. For a NO income verification loan a Credit Score and downpayment requirements are higher. No-doc loans usually set minimum credit score requirements around 680-700. They also might require a downpayment minimum to 20% of the home’s value.

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