No Income Verification Loans for Floridians
Not all borrowers are paid with W-2s or traditional paystubs. No income verification loans are designed for buyers and investors who qualify using assets, cash flow, or property performance instead of standard employment income. These programs eliminate the need for W-2s, tax returns, or paystubs in many cases.
DSCR loans qualify borrowers based on the income produced by the property itself. If the rental income can support all or part of the mortgage payment, personal income documentation is not required. These loans are commonly used for long-term rentals, short-term rentals, and investment portfolios.
Asset utilization loans allow borrowers to qualify using liquid assets such as savings, brokerage accounts, or retirement funds. Instead of verifying income, lenders calculate a qualifying income based on available assets, making this a strong option for retirees, high-net-worth borrowers, and investors.
Bank statement loans use 12–24 months of personal or business bank deposits to determine qualifying income. These programs are ideal for self-employed borrowers whose tax returns don’t reflect their true cash flow and who want to avoid traditional income verification.
Profit and loss loans allow borrowers to qualify using a current P&L statement prepared by a CPA. These loans are designed for business owners and entrepreneurs who want a simplified documentation process without providing full tax returns.
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