Is there a way to get home loan with almost no income verification?

Posted on Oct 6, 2012 in Stated Income Loans

Question by nballs: Is there a way to get home loan with almost no income verification?
I have been tax sherltered with self employment and depriciation. So I don’t show much income(below poverty level) I am starting a new position which is salaried as an employee. Do I have to wait 2 years or could I use the income from the multi unit building to get financing? I have big dreams and just need a helping hand with getting them started. Thanks in advance for anyone who contributes.

Best answer:

Answer by Andrea T
It doesn’t seem likely given the current mortgage situation. You’re going to have to do a lot of research. Start locally then expand outward.

Good luck.

Know better? Leave your own answer in the comments!

5avg.rating 11 votes.


  1. There is… its called NINA loans : No income and No Assets Very hard to find due to the lending situations now-a-days.

    also you can go with a Stated Income loan: You pay a higher rate but its worth it if you dont want to have to screw yourself on your taxes

  2. In general unless you have a large down payment not going to happen

  3. in a word no way. The Fed just released new guidelines today that makes all lenders verify income. Now if you are in the same line of work then it may be possible but the rules are changing daily in this business

  4. a hard money lender or matrix lender can
    help you but you need to have 15+% to put down.

    [also, if you hire an acct to re-work your
    taxes, you can show what you really
    earned, UNLESS in fact, you did not
    earn anything.]