No pay stubs, no W-2s, no tax returns required. Qualify purely on 660+ FICO score, 20% down payment, and asset reserves. Ideal for self-employed, retirees, business owners, and high-net-worth individuals who prefer privacy. Primary residences, vacation homes, and investment properties all eligible.
Get My NIV Quote
For borrowers whose financial reality doesn’t match a W-2, NIV loans bypass the documentation maze entirely. Credit and assets speak for themselves.
Skip the income paperwork entirely. No W-2s, no 1099s, no tax returns, no pay stubs, no employment verification. Qualify purely on FICO score and asset strength.
Self-employed, business owners, retirees, and high-net-worth individuals often prefer not to disclose income to lenders. NIV loans respect that boundary while still funding your Florida purchase.
21–35 days typical, vs 30–45 for conventional. Less documentation = less underwriting friction. Cash-strong borrowers can close in as few as 14–20 days.
More flexible than DSCR (investment only). Use NIV for your Florida primary residence, second/vacation home, or rental property under the same qualification framework.
Modern NIV loans are nothing like the pre-2008 stated income disasters. Here’s exactly how the underwriting works today.
No income documentation. Period. The lender underwrites based on three factors: (1) Credit score — 660+ FICO minimum, best pricing at 700+; (2) Down payment — 20%+ for primary/second home, 25% for investment; (3) Asset reserves — typically 0–12 months of mortgage payments held in liquid accounts after closing. No income, no DTI, no employment check.
Self-employed who don’t want to show K-1s or business returns. Retirees living off investments with minimal reportable income. High-net-worth individuals prioritizing privacy. Business owners with complex tax structures showing low net income. Between-jobs borrowers with strong asset positions. Real estate investors expanding portfolios beyond conventional limits.
Pre-2008 “stated income” loans had minimal standards and helped trigger the housing crisis: 580 FICO accepted, 0–5% down, no reserves required. Modern NIV is dramatically stricter: 660+ FICO required (often 700+), 20–30% down minimum, 6–12 months reserves required after closing. The no-income-doc feature is similar but the risk profile is fundamentally different.
NIV loan rates run 1.0%–2.5% higher than conventional. The premium varies by profile: 740+ FICO with 30%+ down may see ~1% premium; 660 FICO with 20% down may see 2.5%+. We shop your scenario across multiple non-QM lenders — NIV pricing varies significantly by lender appetite for the specific borrower type.
Want to confirm NIV eligibility and see your rate range? Send us your FICO range, down payment, and target Florida property type — we’ll quote within 48 hours, no income docs needed.
Check My EligibilityFour non-QM paths that skip W-2 income documentation. Each works best for different borrower profiles.
| No Income Verif. | DSCR | Bank Statement | Asset-Based | |
|---|---|---|---|---|
| Income Doc Required? | None | None (rental income only) | 12–24 mo bank statements | None (assets only) |
| Min Down Payment | 20% | 20–25% | 10–20% | 25–30% |
| Min FICO | 660 | 620+ | 620+ | 640 |
| Property Type | Primary, 2nd, investment | Investment only | Primary, 2nd, investment | Primary, 2nd, investment |
| Asset Reserves Required | 2–12 months | 0–6 months | 0–6 months | Used as qualifier |
| Rate Premium vs Conv. | +1.0–2.5% | +0.5–1.25% | +0.5–1.5% | +1.0–2.0% |
| Best For | Privacy-focused, retirees | Rental property investors | Self-employed w/ deposits | HNW w/ large portfolio |
Faster than conventional because there’s no income documentation to underwrite. The appraisal is usually the pacing item.
Send FICO range, target Florida market, and rough down payment available. We confirm NIV eligibility and identify best-fit lender options within 24 hours.
Submit 2–3 months of bank statements (verifying down payment funds + reserves only), credit authorization. No income docs needed.
Pre-approval letter within 24–48 hours showing max loan amount based on FICO, down payment, and asset reserves.
Find your Florida home. Faster underwriting than conventional — 21–35 day typical timeline. Appraisal is the main pacing item.
Sign closing docs and get your keys. Cash-strong borrowers can close in 14–20 days when needed.
Higher rates, larger down, substantial reserves required. The privacy and simplicity come at a price. Know what you’re paying for.
The questions Florida no-income-verification buyers ask most. Don’t see yours? Ask Alex directly.
Alex Doce has structured NIV loans for Florida self-employed entrepreneurs, retirees living off investments, business owners with complex K-1 income, and high-net-worth buyers prioritizing privacy. Send us your FICO range and down payment — we’ll quote your exact rate and max loan amount. No income docs required.
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