No Income Verification Rental Loans
Investor Mortgages Without Tax Returns or W-2s
Total Quality Lending offers no-income-verification rental loans for real estate investors. We qualify the property, not your paystubs — up to 80% LTV with credit scores from 640.
What you don’t need to provide
- Personal tax returns (1040)
- W-2 statements
- Pay stubs
- Employment verification letter
- Two-year work history
- Debt-to-income (DTI) calculation
- Schedule C / business returns
- Profit & loss statements
What we do need
- Credit report (minimum 640 FICO)
- Property appraisal with rent schedule (1007)
- Lease agreement (or AirDNA for STRs)
- Asset statement for down payment + reserves
- ID and entity docs (if vesting in LLC)
Who no-income-verification loans are built for
Self-employed and 1099 borrowers
If your tax returns show low net income due to deductions, traditional underwriting kills the deal. DSCR ignores the returns entirely.
Business owners with multiple entities
K-1s, layered LLCs, and complex tax filings don't matter. We underwrite the property.
Investors with maxed-out DTI
Conventional mortgages count every existing mortgage against you. DSCR loans don't add to your DTI because they aren't measured against your DTI.
Real estate professionals
Commission income, deal-flow income, or transitioning from W-2 to self-employed — DSCR doesn't care.
Retirees living off investments
Asset-rich, paycheck-poor borrowers qualify on the rental's cash flow alone.
Foreign nationals and visa holders
No SSN, no U.S. tax returns, no U.S. employment history required for our Foreign National DSCR program.
No income verification mortgages — FAQs
Can I really get a mortgage with no income verification?
Yes — for investment properties. DSCR (Debt-Service Coverage Ratio) loans qualify on the property's rental income, not yours. No personal tax returns, no W-2s, no pay stubs. Total Quality Lending offers no-income-verification rental loans up to 80% LTV with FICO from 640.
Is a DSCR loan the same as a no-doc loan?
Effectively, yes — for personal income. DSCR loans are sometimes called 'no-doc' or 'no income verification' rental loans because they skip personal income docs entirely. You still document the property's rental income, your credit, and assets for down payment. The 'no doc' part is about you, not the property.
Are no-income mortgages legal?
Yes, for business-purpose loans on investment properties. The Dodd-Frank Act restricts no-doc loans on owner-occupied homes, but business-purpose investor loans (like DSCR) are explicitly outside that scope. DSCR loans are fully legal, regulated mortgages — Total Quality Lending is NMLS-licensed in 46 states.
How is my income measured if I'm not providing tax returns?
It isn't. The loan qualifies on the property's income vs. its debt service. We calculate the DSCR ratio (rent ÷ PITIA payment). 1.00 means rent covers the payment; we typically want 1.00 or higher. Your personal income is irrelevant.
What credit score do I need for a no-income-verification loan?
Minimum is 640. Higher scores get better pricing. We also offer No Credit Score paths for foreign nationals who don't have a U.S. credit history.
Can I cash-out refinance with no income verification?
Yes. Cash-out refinances are eligible under the same DSCR program — up to 75% LTV cash-out. Common use case: pulling equity from a stabilized rental to fund the next acquisition without proving personal income.
No tax returns. No paystubs. No problem.
Get a no-income-verification quote on your next rental property.
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