Investment Properties: No Income, No Job

These loans work well for real estate investors and financially independent buyers who prefer not to document personal income. They’re especially useful for those qualifying based on rental property cash flow, including self-employed investors with complex finances.

How It Works

No income, no job loans are types of loans that do not require traditional proof of income or employment for approval. They can be useful for individuals who need quick cash but may have alternative income sources or are currently unemployed.

• These loans do not require W-2s, pay stubs, or tax returns. Instead, lenders review credit scores, down payment strength, property appraisal, and rental market value to assess risk.
• Lenders often use a Debt Service Coverage Ratio (DSCR) to determine eligibility. This ratio compares the expected rental income to the proposed monthly mortgage payment.
• Down payments for these loans typically start around 20%, depending on the property type and borrower qualifications. Interest rates may be higher than traditional investment property loans, reflecting the reduced documentation.