Bluestar Mortgage of Orlando is your go-to source for primary residence no-income mortgage loans. Call us at 321-400-5545 to speak with an expert who can help you determine if this is the right option for you.
Also known as stated-income loans, no doc and no income verification mortgages are home loans granted by lenders to borrowers without the need for traditional income verification, like tax returns or pay stubs. Instead, these loans rely on alternative forms of financial proof, such as bank statements, asset verification, or overall cash flow, making them ideal for self-employed individuals, retirees, or real estate investors.
Lenders offer several no-doc or low-doc mortgage options to suit different financial profiles. Here are the most common types:
Bank Statement Mortgage
This program uses your personal or business account deposits over 12 to 24 months to verify your income.
Suited for: Small business owners or self-employed individuals with consistent cash flow.
Asset-Based Mortgages
Also known as asset-depletion mortgages, these loans are based solely on the value of your available assets rather than regular income.
Suited for: High-net-worth individuals or retirees with substantial savings or retirement funds.
No-Income, No-Asset Loans
Ideal for investment properties, these loans focus on the value of the property and its potential rental income, often requiring higher down payments and credit scores.
Suited for: Real estate investors with sufficient cash reserves for a significant down payment.
Stated Income, Verified Assets
Designed for borrowers whose income is hard to document but have verifiable assets to secure the loan.
Suited for: Entrepreneurs, freelancers, or those earning through bonuses, commissions, or tips.
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Disadvantages:
If you are interested in a no-doc and no-income verification mortgage loan, call us at 321-400-5545 to speak with a primary residence no-income mortgage loan expert who can guide you through the process.
We guarantee that we will be able to close on or before your set closing date or we will waive all of our lender fees.