how do i get a no proof of income mortgage loan?

Posted on Sep 26, 2012 in Stated Income Loans

Question by jasonhpi: how do i get a no proof of income mortgage loan?
what banks or lenders still do this?

Best answer:

Answer by DR + Mrs Bears face
This sort of mortgage is very expensive and there are some loan sharks out there.
Do take care if you decide to go that route.

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4avg.rating 13 votes.


  1. You don’t they went the way of sub-prime loans. All lenders will want 2 years of tax returns and current proof of a job. If you cant not prove where your money comes from then you are most likely not paying income tax and no lender will touch you.

  2. No one does that, nor did they ever. Even when they were hadnign out money they shouldn’t have been you needed to prove income.

  3. They exist, but you will need to go to your local community bank, not some place like Bank of America or Wells Fargo. I got a 3.25%, fixed-rate, 15 year, no income loan back in August. No origination or points paid, either. They exist, but you need good credit to get them and a nice down payment – at least 25%. All I had to provide was copies of bank statements for 2 years showing cash coming in and money going out.

  4. You can get by with only income returns at any bank, you do not need any other proof.