Low Document/Stated Loans

General Overview

These allow a borrower applying for a mortgage to provide little or no information regarding their employment, income, or assets. Alternative income options or no income options are used.

Typically available for self-employed, 1099, or tipped service workers, these loans allow for various alternative income verification.


  • Should have 24-months of recent employment
  • 600 credit score
  • 2-12 months of Reserves (PITIA)
  • Larger down payment may be required


Are these loans safe?


What are these loans best for?

Primary, secondary, or investment homes.

In what situation do you recommend this type of loan?

When a borrower does not meet the conventional/conforming income requirements.