No Tax Return Mortgage Programs
Mortgages Without Tax Returns
Skip Form 1040 entirely. Qualify on bank statements, 1099s, a CPA-prepared P&L, asset utilization, or — for investment property — the property’s rental income (DSCR). Total Quality Lending runs five different no-tax-return paths so the right one exists for your income shape.
Five documentation paths — pick yours
- Five documentation paths that skip the 1040 — pick the one that fits your income
- DSCR investor loans up to 80% LTV — qualified on the property’s rental income, not yours
- Bank statement loans up to 90% LTV — 12 or 24 months of personal or business deposits
- 1099 mortgages — 1- or 2-year 1099s with a fixed 10% expense ratio
- P&L Only mortgages — CPA, EA, CTEC, or Tax Attorney-prepared Profit & Loss Statement
- Asset utilization mortgages — eligible assets ÷ 84 = your qualifying monthly income
Which path is right for you?
Five different no-tax-return paths exist because no two borrowers’ income shapes are identical. Match your borrower profile to the best path below — and click into the program page for the full guidelines.
| Borrower profile | Best path | Why | Max LTV | Occupancy |
|---|---|---|---|---|
| Investor buying a rental | DSCR Loan | Property rental income (not your personal income) qualifies the loan | 80% LTV | Investment only |
| 1099 contractor / gig worker | 1099 Mortgage | 1099 totals with a fixed 10% expense ratio — no Schedule C unpacking | 90% LTV | Primary, second home, or investment |
| Self-employed with strong deposits | Bank Statement Loan | 12 or 24 months of personal or business bank statement deposits — no tax returns | 90% LTV | Primary, second home, or investment |
| Asset-rich retiree or pre-IPO holder | Asset Utilization | Eligible assets divided by 84 months = your qualifying monthly income | 80% LTV | Primary, second home, or investment |
| Business owner with clean CPA books | P&L Only Mortgage | 12 or 24-month CPA-prepared Profit & Loss statement (preparer attests to most recent tax return) | 80% LTV | Primary, second home, or investment |
No tax return mortgage — FAQs
Is a no-tax-return mortgage legal?
Yes. No-tax-return mortgages are fully compliant non-QM loan products underwritten under federal Ability-to-Repay (ATR) rules. They are not 'no-doc' loans — they require documentation, just not tax returns. The lender substitutes one of several documented income sources (bank statements, 1099s, CPA-prepared P&L, asset utilization) or the property's rental cash flow (DSCR) to satisfy ATR.
What's the difference between DSCR and Prime Time alt-doc?
DSCR is a separate program limited to investment / non-owner-occupied properties — it qualifies the loan on the property's rental income (DSCR ≥ 1.00 typical), up to 80% LTV, credit scores from 640, loans from $100K to $3.5M. Prime Time alt-doc paths (bank statement, 1099, P&L, asset utilization, written VOE) are available on primary residence, second home, AND investment occupancies, with loans from $150K to $4M and credit scores from 620.
Can I buy an owner-occupied home with a no-tax-return mortgage?
Yes — through the Prime Time alt-doc paths. Bank statement, 1099, P&L Only, asset utilization, and written VOE all support primary residence, second home, and investment occupancies. DSCR loans are the only TQL no-tax-return program that is investment-only.
Can foreign nationals qualify without U.S. tax returns?
Yes. Foreign National DSCR loans qualify non-U.S. citizens on the property's rental income without requiring U.S. tax returns, SSN, or W-2 history. See our dedicated Foreign National DSCR page for the program specifics and state availability.
Are no-tax-return mortgage rates higher?
Non-QM rates are typically higher than conforming-loan rates because the loans cannot be sold to Fannie Mae or Freddie Mac and are priced to reflect the alt-doc documentation. The exact rate depends on the specific path, LTV, FICO, occupancy, and loan amount — your TQL Loan Officer will quote you against today's rate sheet.
Which path is best for me?
Use the path picker above as a starting point: investors should look at DSCR, 1099 contractors should look at the 1099 path, business owners with strong deposits should look at bank statement, asset-rich borrowers should look at asset utilization, and business owners with a clean CPA-prepared P&L should look at the P&L Only path. A 5-minute call with a TQL Loan Officer narrows it to a definitive answer.
All no-tax-return programs
DSCR Loans
Investor loans qualified on rental income. Up to 80% LTV, credit scores from 640.
Bank Statement Loans
12 or 24 months of personal or business bank statement deposits. Up to 90% LTV.
1099 Mortgage
1- or 2-year 1099 income with a fixed 10% expense ratio. Up to 90% LTV.
Asset Utilization Mortgage
Eligible assets ÷ 84 = your qualifying monthly income. Up to 80% LTV.
P&L Only Mortgage
12 or 24 months of a CPA, EA, CTEC, or Tax Attorney-prepared P&L. Up to 80% LTV.
Prime Time Loans
The full non-QM program — full-doc plus all six alt-doc paths in one matrix.
You don’t need tax returns to buy a home
One conversation, and we’ll tell you exactly which of the five paths qualifies you the fastest.
Start my no-tax-return quote