Alternative Documentation

No Tax Return Mortgage Loans

When tax returns and pay stubs don’t tell your full story. These programs verify income in simpler ways — a P&L, a written verification from your employer, your assets, or the property’s rent.

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Program Overview

Low-Doc Loans at a Glance

680+

Typical credit score

For P&L and WVOE options

Up to 80%

Loan-to-value

Varies by program

$4M

Loan amounts up to

On select programs

Tax returns

Not used to qualify

Typical guidelines across our lending partners. Requirements vary by lender.

The Honest Truth

What “No-Doc” Really Means Today

True no-documentation loans for a home you live in no longer exist. Federal ability-to-repay rules require lenders to verify income in some way. What does exist are low-doc programs that verify income without tax returns, W-2s or pay stubs.

For investment properties, a DSCR loan can qualify on the property’s rent with no personal income documentation at all.

Bottom Line

If your income is real but hard to document the traditional way, there is very likely a program that fits. Our job is to match you to the simplest one you qualify for.

Low-Doc Options

P&L only: a profit & loss statement prepared by a CPA, EA, CTEC or PTIN preparer (some programs accept a borrower-prepared P&L)
Written VOE: your employer completes a verification form; no pay stubs, W-2s or tax returns
Asset-based: qualify using liquid assets such as savings, brokerage or retirement accounts
Balance-supported income: stated income supported by recent bank balances or deposits (higher credit and down payment required)
DSCR: for investment property, the rent qualifies the loan

Good Fit For

Self-employed borrowers with a CPA-prepared P&L
Wage earners paid partly in commission or bonus
Retirees and investors with significant assets
Real estate investors growing a rental portfolio

Program Features

Purchase, refinance and cash-out
Primary, second home and investment (varies by option)
Typical down payment 20%–25%
Interest-only available on select programs
Some options available to foreign nationals

Questions

Low-Doc Loan FAQs

Are no-doc loans legal?

Yes, when done correctly. Lenders must still make a reasonable, good-faith determination that you can repay. Low-doc programs simply verify income with alternative documents instead of tax returns.

Which low-doc option is right for me?

It depends on how you earn. Self-employed borrowers often use a P&L or bank statements; salaried borrowers may use a written VOE; investors often use DSCR; asset-rich borrowers may use asset-based qualifying. We compare them side by side.

How much down payment is required?

Typically 20%–25%, depending on the program, credit score and loan size.

Do low-doc loans cost more?

Generally yes. These are Non-QM loans and usually carry higher rates than conventional loans. The trade-off is qualifying without tax returns. If a conventional loan works for you, we will recommend it.

Can I use a low-doc loan for an investment property?

Yes. Several options, including DSCR, are designed specifically for investment properties and can close in an LLC.

Find Out What You Qualify For

We compare programs across our lending partners and show you the options that fit — including when a conventional loan is the better choice. No credit pull to get started.

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Program guidelines shown are typical of what our lending partners offer and vary by lender, credit profile, property and loan amount. Guidelines change without notice. Not all borrowers will qualify. This is not a commitment to lend; all loans are subject to credit approval, underwriting and property eligibility. SI MTG · CA DRE #01480904 · NMLS #300923 · Equal Housing Opportunity.