A no Income or employment verification home loan are available for borrowers who want to buy or refinance a primary residence or second home but cannot document enough income or employment to qualify for a mortgage using tax returns, W2's, 1099 or bank statements. These borrowers are generally turned down by their banks and lenders. Are No Income or Employment Verification Loans for Primary or Second Homes Still Available in 2022? The majority of banks and lenders require borrowers to provide income documentation and employment verification to qualify for a mortgage and do not offer a true no Income or employment verification loan no matter if it’s a purchase or a refinance and is sometimes confused with a non-owner occupied investment property loan that uses rental income to qualify which requires employment verification. Benefits of obtaining a No Income or Employment Verification Loan But there are several key benefits to getting a no income verification mortgage, including the ability to close on a home faster (since you don’t need to wait around on a bank to get moving and verify extensive documentation). This also means you have less paperwork to deal with. NO INCOME AND EMPLOYMENT VERIFICATION MORTGAGE LENDERS THIS IS A SOLUTION FOR BORROWERS UNABLE TO QUALIFY FOR LOANS BASED ON NO DTI UNDERWRITING • Primary residence and 2nd homes • Credit underwritten based on LTV, FICO liquidity • Income documentation not required • Employment not required • Debt to income not calculated • Asset seasoning 30 days • Up to 70% LTV purchase/rate and term • Loans up to 3,000,000 • FICO starts at 660 • Reserves based on credit score