A no income check mortgage also known as the no income verification mortgage is a mortgage program that allows individuals to get a mortgage without verifying personal income. For a purchase transaction, only 20% down payment is required with at least a 650 credit score. This no-income check mortgage program is for those who are self-employed, retired, gig workers, cash-based individuals, independent contractors, or anyone who can not very income the traditional conventional way.

Benefits of a No Income Check Mortgage

  • No W2s, No 1099’s, No Paystubs and No Tax returns
  • Borrower can be unemployed
  • No prepayment penalty imposed
  • Primary residence, second home, and investment properties
  • No Limit on properties owned
  • No DTI calculations

No Income Check Mortgage Requirements

  • 20% Down Payment for Purchase
  • Minimum 650 Credit Score
  • 75% LTV for Cash-out refinances
  • Low Reserve requirement

No Income Check Mortgage Highlights

  • 1- 4 Residential Properties
  • 5- 48 Multi-Family Properties
  • $100,000 Minimum loan amount
  • $3,500,000 Maximum loan amount
  • Gifts are allowed for down payment
  • Cash-out can be used for reserves
  • Mixed-used properties
  • Commercial Properties
  • Program available Nationwide

Contact our office or fill out a Fast Quote form and one of our experienced loan consultants will go over your financing options using this one-of-a-kind mortgage program. We look forward to working with you.

*This product is not regulated by the New York State Department of Financial Services

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