Mortgage Without Income Verification | Home Loan Without Tax Returns

You’re an investor in real estate, and your properties make a lot of money, but your income on paper appears like it changes a lot. Then you sit down with a regular bank, they look at your tax returns, and the conversation is finished. Annoying? Of course. There are mortgage lenders that don’t ask for tax returns, and they help people like you get loans every day through no-income mortgage loans and other flexible solutions.

Lenders could accept bank statements, assets, rental income, or DSCR estimates instead of W-2s and tax returns when those documents don’t tell the whole story. These programs are great for self-employed people, investors, and retirees, but they do have some downsides, like higher rates and bigger down payments. We’ll go over your options, who they are ideal for, and how to get a home loan without tax returns, step by step.

What is a No-Income Verification Mortgage?

A no-income verification mortgage, often known as a “no-doc” or “low-doc” loan in the business world, is a home loan where the lender uses something other than your W-2 or tax return to prove that you can pay it back. It could be:

• Bank statement loans: The lender looks at 12 to 24 months of deposits to figure out how much money you make each month.
• Asset-based (asset depletion) loans: The lender counts your investments, savings, or retirement assets as a way to pay back the loan.
• DSCR loans: These are loans for investors that are based on the rental income from the property, not the borrower’s W-2 income.
• Stated income or stated assets: The borrower signs income and asset statements and gives proof (this is less frequent after 2008, but it is still accessible in regulated non-QM programs).

These are real, legal, and are utilized a lot by people who don’t have a steady job. Just be ready for varying prices and criteria.

Types of No Income Mortgage Loans

Let’s break down the main options for getting a home loan without tax returns:

Bank Statement Loans

The lender looks at your personal or company bank statements from the last 12 to 24 months to figure out how much money you make on average each month. This is great for realtors, freelancers, and contractors.

If your bank statements show $120,000 in deposits over 12 months, the lender figures that you make $10,000 a month. When self-employed people borrow money, they usually use a factor of 50% for sole proprietors and 25% for corporations to cover company costs. This means that their eligible income is $5,000 or $7,500 a month, respectively.

Numbers that are real: If you get a $500,000 mortgage at 7.5% and prove your income with a bank statement, you’ll pay about $3,496 in principal and interest. With that $5,000 to $7,500 in qualifying income, you would easily fulfill the debt-to-income ratio.

Asset-Based Mortgages

Have a lot of assets but not much income? Asset depletion loans take your total liquid assets and divide them by the loan period (usually 360 months for a 30-year mortgage) to get a “monthly income” number. This is great for retirees or anyone with a lot of money who doesn’t want to have to take money out of their investments.

For example, you have $1.8 million in your investment accounts. For qualification purposes, divide it by 360 months to get $5,000 a month in “income.” The lender knows that you could sell your assets if you had to in order to make payments.

DSCR Loans (Debt Service Coverage Ratio)

DSCR loans are a game-changer for real estate investors who want to swiftly create a portfolio of rental properties. These mortgage lenders that don’t need tax returns only look at how much money the property makes from renting it out compared to how much it costs to own it. What do you make? Not at all important.

If the property rents for $3,000 a month and the mortgage payment (including taxes and insurance) is $2,400, you have a DSCR of 1.25. This means that the property makes 25% more money than it needs to pay down the debt. Most lenders want to see at least 1.0, which means they want to break even.

P&L Statement Loans

Business owners with established firms may be able to qualify with 12 to 24 months of profit and loss statements provided by a CPA. This is especially useful for businesses that make a lot of money but have to spend a lot of it on new investments.

Stated income / non-QM variations

After 2008, “no-doc” loans that are real are hard to find. Non-QM loans today need different paperwork, not just verbal declarations. Expect tougher rules for getting loans and higher prices.

Current Market Conditions

The average mortgage rate in 2025 was 6.62%, which is a little drop from 2024’s 6.72%. Housing economists think that by the end of 2026, rates could decline to between 5.90% and 6.30%.

What does this mean for you? If you’re trying to get a mortgage without proof of income, these other programs usually have rates that are 0.5% to 1.5% higher than regular mortgages. So, whereas normal rates are around 6.6%, bank statement or asset-based loans could have rates between 7.1% and 8.1%.

Is that extra money worth it? Yes, if it means the difference between buying a house and waiting another year.

Costs & Tradeoffs: What You’ll Pay

• Higher interest rates: non-QM/no-income loans normally have higher rates than regular loans since the lender is taking on greater risk. Depending on your credit and the program, you should expect to pay a few tenths of a percent to 1% more.
• Bigger down payments/reserves: Lenders want to see that you can handle a vacancy or a drop in income, so you should have 6 to 12 months’ worth of reserves in many circumstances.
• Fees: Some schemes charge lenders more or add higher mortgage insurance charges for lower down payments.
• Potentially stricter terms: shorter conforming terms, prepayment limits, or specific occupancy requirements.

These programs can still make sense if you can’t be approved for a loan any other way or if the only other option is to wait to buy something that makes sense financially.

Who Should Avoid No-Income Loans?

• Borrowers who can show W-2 income and meet the requirements for a conventional loan—conventional loans normally have the lowest long-term costs.
• Buyers without ample reserves or who expect unstable cash flow.
• Anyone who’s planning a job change soon, some programs demand employment stability.

Practical Steps to Get a No-Income Verification Mortgage

1. Know your papers: get 12 to 24 months’ worth of bank statements, broking statements, proof of assets, rental leases (if you’re an investor), and a clear explanation of where your money comes from.
2. Check your credit score. A score of 680 or higher will help you get better rates, while a score of 700 or higher will give you more options for lenders.
3. Keep reserves—most lenders want you to have 3 to 12 months’ worth of cash on hand. Greater loans need greater reserves.
4. Choose the correct product: DSCR for rental buyers, bank statement for self-employed borrowers, and asset depletion for retirees.
5. Look for non-QM lenders. Community non-QM lenders, speciality shops, and some online lenders are the most active in this area. Look at the rates, fees, and rules for reserving.
6. Stress test: Run your payment scenarios with higher rates and lower rents so you won’t be surprised.

Your Next Step Towards a Smarter Mortgage with A&P Lending Titans

If your tax returns don’t provide the whole picture of your finances, a no-income verification mortgage can be a smart and legal way to get a loan. When used appropriately, they allow retirees, self-employed people, and investors a useful way to go forward without putting their finances in a typical box.

Call A&P Lending Titans if you want to look into a mortgage without having to show proof of income. You can reach us at 702-277-4994 or come to 8495 W Sunset Rd Ste. 102, Las Vegas, NV 89113. We’ll look at your position, explain your choices clearly, and help you pick the best alternative documentation loan for your long-term goals.

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