NO DOC LOANS FOR INVESTMENT PROPERTY FLORIDA

Purchase or Refinance:

• No income verification
• No DTI calculated
• No employment
• No tax returns
• No 1099’s
• No W2’s

Property Type:

• Single Family
• 2 Unit
• 3 Unit
• 4 Unit
• PUDs
• Condo
• Townhouse

Purchase or Refinance:

• Minimum credit required is 600
• Purchase and rate/term up to 85% LTV
• Cash-out refinance up to 80% LTV
• Interest only option available
• 7/6 ARM and 30 year fixed
• Foreign National allowed

What is a No Doc Mortgage?  

A no doc mortgage is meant for borrowers who want to buy or refinance an investment property but cannot document enough income to qualify for a mortgage using tax returns, W2’s, 1099 or bank statements. The rental income from the property is used to qualify.

There are many reasons why a borrower may not be able to document their income. A perfect example with be a business owner who just sold their business and now has no income or a person whose income is based on tips or gratuities and they do not deposit the cash into their personal bank account.

Are No Income Verification Mortgage Still Available in 2025?  

Almost all lenders require borrowers provide income documentation to qualify for a mortgage and do not offer a true no doc mortgage no matter if it’s a purchase or a refinance. The rental income is usually required to cover the monthly mortgage payment. If it doesn’t, we still have options to qualify for the no doc loans for investment property.

Yes, you can qualify for a mortgage with no doc and no employment verification. Purchase loans require a 600 credit score and the maximum loan-to-value is 85% up to $2 million dollars loan amount. Higher loan amounts are available with a lower LTV. First-time homebuyers eligible (Max 80% LTV). The minimum loan amount is $75,000.00.

Asset Verification

• 2 Month bank statement (covering at least 30 days)
• 100% Gifts allowed for down payment, closing costs, reserves
• Cash-out proceeds may be used towards reserves