No-Doc Mortgage Loans 2026: 4 Legal Options Without W-2s or Tax Returns

What it is: Qualifies based on the rental income of the investment property. No personal income needed — not even a job. Kiavi is a top DSCR lender.

How it works: DSCR = Monthly Rent ÷ Monthly Mortgage Payment. If ≥ 1.0, you qualify. Example: $2,400 rent ÷ $2,000 mortgage = 1.2 DSCR ✅

What it is: 12 or 24 months of bank statements replace W-2s and tax returns. Income = average monthly deposits × expense factor.

How it works: Lender reviews 12-24 months of business/personal bank statements. Income = average monthly deposits × 50-90% (expense ratio). No tax returns needed.

What it is: Your liquid assets (retirement accounts, investments, savings) are converted to "monthly income" for qualification. No actual income needed.

How it works: Asset income formula: Total liquid assets ÷ loan term in months = monthly income. Example: $1.2M in assets ÷ 360 months = $3,333/month income. No withdrawals needed.

What it is: 1-2 years of 1099s replace tax returns. No business returns needed — just your contractor income forms.

How it works: Lender averages 12-24 months of 1099 income. Unlike tax returns, 1099s show GROSS income (not net after write-offs). For high-write-off contractors, this can 2-3x your qualifying income.