No Income No Employment Loan · Primary and Second Homes
The Mortgage With No Income Verification and No Employment Verification
Your credit score and your assets qualify you instead. You will need a score of at least 620, a clean 12 month mortgage history, and six to nine months of payments in reserve. If your credit can carry that weight, your tax returns, pay stubs, and job title never enter the conversation.
The No Income No Employment loan is a consumer purpose, no ratio mortgage for buyers and owners of a primary residence or second home whose income or employment cannot be documented the way traditional underwriting wants. The program uses no income verification, no employment verification, and no debt to income ratio. Qualification rests on the credit score, which sets the maximum financing: up to 80 percent of the price on a purchase and up to 75 percent of the value on a cash out refinance at the strongest tiers. Loan amounts run from $100,000 to $3,000,000 on fixed rate, 7/6 ARM, and 10/6 ARM terms with no prepayment penalty. Homeowner counseling is required, and investment property is not eligible.
UHome Mortgage, Atlanta. Serving Georgia buyers and homeowners.
Rate Quote
Your Credit Score Sets Your Down Payment
There is no income math on this loan, so the question flips from "how much do you make" to "what does your credit support?" Here is how the tiers work on loans up to $2,000,000.
| Credit score | Purchase financing | Typical down payment | Cash out refinance |
|---|---|---|---|
| 740 and up | Up to 80% of the price | About 20% | Up to 75% of value |
| 720 to 739 | Up to 80% of the price | About 20% | Up to 70% of value |
| 680 to 719 | Up to 75% of the price | About 25% | Up to 65% of value |
| 620 to 679 | Up to 65% of the price | About 35% | Up to 60% of value |
Figures are current program maximums for loans up to $2,000,000, not offers, and intermediate tiers may apply. Loans from $2,000,001 to $3,000,000 carry adjusted maximums. Purchase financing is measured against the lower of the contract price or the appraised value, and a market the appraiser identifies as declining caps financing at 70 percent regardless of tier. Figures exclude closing costs, prepaid items, and escrow deposits.
The short version
A 620 score gets you in the door. A 740 score gets you 80 percent financing. In between, every tier you climb cuts the cash you need to bring. Alongside the score, the program wants a clean mortgage payment history over the last 12 months and six to nine months of payments in reserve, depending on the financing level.
This is a portfolio program, so pricing is quoted after a scenario review rather than off a public rate sheet. What we can do quickly is tell you your tier, your maximum financing, and how it prices against every cheaper option you might qualify for.
Get your tier and a real quote
Tell us your score range, what you have for a down payment or in equity, and why your income is hard to document. We will come back with your tier, your options, and a custom quote.
Who It May Fit
Who Uses a No Income Verification Mortgage
One thread connects these: real income that will not document the way an underwriter wants, and credit in decent shape.
"I'm self employed and my returns show a fraction of what I make."
Write offs, depreciation, a reinvestment year. No return is ever requested here, so what it shows stops mattering.
"I'm retired. Great credit, no paycheck."
No employment verification and no ratio means a buyer living on savings, drawdowns, or a home sale is not asked to manufacture qualifying income.
"I just sold my business and I'm between ventures."
Assets, no current employer, no two year history in anything. None of the three is a question this program asks.
"My income is complicated."
K-1s, trust distributions, irregular contract work. Instead of untangling it, this program sets it aside entirely.
"I'd rather not hand over my financial life."
Some buyers can document income and simply prefer not to. A file built on credit and assets stays short and private.
"I'm buying a second home in Georgia."
Second homes are eligible, and income already committed to a primary residence on paper often documents poorly for a second one.
"I need a large cash out and my income can't support the ratio."
This program calculates no ratio and places no cap on the cash you take out, up to your tier's maximum financing.
"My credit took a hit too."
Then this may be the wrong rung. Our HomeEdge 55 program uses no credit score at all in exchange for a much larger down payment. See the ladder below.
Recognizing yourself here does not mean you qualify. Every scenario is subject to the lender's guidelines, credit and asset review, property eligibility, appraisal, and full underwriting, and the score, history, and reserve requirements on this page still apply.
An Honest Look
When This Is the Wrong Loan
Portfolio flexibility costs more than agency financing. If a cheaper door is open, we point you through it.
Your income actually documents fine
A conventional loan will almost always price better. Two clean years of returns may be all it takes.
Your bank deposits tell the real story
A bank statement loan qualifies you on 12 to 24 months of deposits and often prices between this program and conventional. Compare before choosing.
Your score is under 620, or you have no score
This program starts at 620. Below it, HomeEdge 55 removes the credit requirement entirely in exchange for about 45 percent down. That is the next rung, not a dead end.
You had a bankruptcy within 4 years or a foreclosure within 7
This program requires 48 months of seasoning after a bankruptcy discharge and 7 years after a foreclosure. HomeEdge 55 can consider a borrower one day after a discharge.
You had a mortgage late in the last 12 months
A clean 12 month history is required on every mortgage you hold. Recent lates route you to HomeEdge 55, or to waiting and reapplying.
You can't hold six to nine months in reserve
Reserves are required after closing and gifts cannot fund them. If the down payment empties the accounts, the file will not work here.
You're buying a rental
Investment property is not eligible. A DSCR loan qualifies a rental on the property's own cash flow and never asks about your income either.
You file with an ITIN, or you're a foreign national
Neither is eligible here; ITIN borrowers are eligible on HomeEdge 55. This program serves U.S. citizens, permanent residents, and non permanent residents with U.S. credit and an acceptable visa.
UHome Mortgage is an independent brokerage, not a lender. Pointing you toward a cheaper loan is the job, not a lost sale.
Not sure which side of the 620 line you land on, or whether your deposits would carry a cheaper loan? That is the first call.
See What I Qualify ForThe Full Picture
What You Gain, and What It Asks of You
The trade is simple: the income questions disappear, and the credit and asset questions get real weight.
Potential benefits
- No income verification, no employment verification, no debt to income ratio. No tax returns, no pay stubs, no employer calls, no 4506-C.
- Up to 80 percent financing on a purchase at the strongest credit tiers, which is unusually high for a loan with no income file.
- Cash out with no cap on the cash in hand, up to your tier's maximum financing against the home's value.
- Loan amounts from $100,000 to $3,000,000, covering nearly the entire Georgia market.
- Fixed rate, 7/6 ARM, and 10/6 ARM options, with no prepayment penalty. If your income documents later, refinancing out costs nothing.
- A broad property list: single family, PUD, townhome, condo, 2 to 4 unit, modular, rural property up to 20 acres, mixed use, and log homes.
- Gift funds may cover up to 100 percent of the down payment and closing costs, with documentation.
Important considerations
- The credit bar is real. A 620 minimum score, and below 680 the down payment climbs to about 35 percent. The score does the work income normally does.
- A clean mortgage history is required: no 30 day late payments in the last 12 months on any mortgage you hold.
- Reserves of six to nine months of payments must remain after closing, and gift money cannot fund them. First time homebuyers may qualify with two months.
- Credit events carry long waiting periods here: 48 months after a bankruptcy discharge or short sale, 7 years after a foreclosure.
- Tradeline depth is checked: generally two accounts reporting 12 months or one reporting 24, waived when you have three credit scores.
- Pricing runs above agency financing. This is a portfolio program; it costs more than the conventional loan it replaces.
- Homeowner counseling is required, taxes and insurance are escrowed, and no interest only option exists. Loans over $2,000,000 require two appraisals.
Which rung of the ladder are you on?
UHome has two no ratio consumer programs, and they are a ladder, not a menu. When income doesn't work, we look at credit. When credit doesn't work either, we look at equity.
- Your income documents cleanly. You should not be on this ladder at all. Conventional financing is cheaper, and a bank statement loan covers the self employed middle ground.
- Your score is 620 or better and your mortgage history is clean, but income or employment will not document. This page is your loan. Your score sets the financing, up to 80 percent on a purchase.
- Your score is under 620, you have no score, a bankruptcy is recent, or you have mortgage lates. HomeEdge 55 is the next rung: no credit score used, no reserves, a borrower considered one day after a bankruptcy discharge, in exchange for about 45 percent down.
Program details are set by the lender and change without notice. Nothing here is an offer, and no feature described is available on every scenario.
Compare Your Options
No Income No Employment vs. Bank Statement, HomeEdge 55, and Conventional
Three of these skip the tax returns. The differences are what qualifies you instead, and the cost.
| Criteria | No Income No Employment | Bank Statement | HomeEdge 55 | Conventional |
|---|---|---|---|---|
| What qualifies you | Credit score and assets. No income file at all. | 12 to 24 months of business or personal deposits. | Equity. Neither income nor a credit score is used. | Fully documented income, employment, and credit. |
| Income verification | None. | Deposits instead of returns. | None. | Full documentation. |
| Debt to income ratio | Not calculated. | Calculated from deposit derived income. | Not calculated. | Calculated and capped. |
| Credit score | 620 minimum. The score sets your financing tier. | Lender minimums apply. | No minimum. The score is not used. | Score drives approval and price. |
| Purchase financing | Up to 80% of the price, by credit tier. | Varies by lender and file. | Up to 55% of value. | Up to 97% for eligible buyers. |
| Reserves | 6 to 9 months, depending on financing level. | Lender specific. | None. | Depends on the file. |
| After a bankruptcy | 48 months from discharge. | Lender specific waiting periods. | Considered one day after discharge. | A multi year waiting period applies. |
| ITIN borrowers | Not eligible. | Lender specific. | Eligible. | Not eligible. |
| Best fit | Workable credit; income or employment that will not document. | Self employed with strong, steady deposits. | Income and credit both a problem; substantial cash down. | A clean file that fits the agency box. |
HomeEdge 55 figures are that program's current maximums; its full guidelines live on that program's page. Bank statement terms vary by lender. The conventional column describes published agency rules and general market practice set by Fannie Mae and Freddie Mac, which change over time. Nothing in this table is an offer or a guarantee of eligibility.
Your Path
How the Process Works
Six stages. Counseling and the appraisal are where timelines slip, so both start early.
Tell us why income is the problem
Write offs, retirement, a sale, privacy. Say it plainly. It decides whether this loan, a bank statement loan, or conventional financing gets priced first.
Credit review sets your tier
Your score, your mortgage history, and your tradelines determine the maximum financing. We tell you the tier and the down payment it implies before you commit to anything.
Apply and document assets, not income
Identification, the contract or your current mortgage statement, and asset statements covering the down payment plus six to nine months of reserves. No returns, no pay stubs, no employer calls.
Complete homeowner counseling
Required on every transaction, and at least one borrower must finish it. Start it the week you apply so it never holds the closing.
Underwriting, appraisal, and title
No ratio does not mean no review. The appraisal drives the loan size, loans over $2,000,000 need two, and credit events or liens surface here.
Close
Georgia closings are conducted by an attorney. Bring your funds and identification, and the keys, or the cash out, are yours.
Timelines depend on the lender, the property, appraisal availability, counseling scheduling, and document turnaround.
Be Prepared
Documents You May Need
No income verification changes what gets asked for, not whether. Not every borrower needs every item.
Government identification
For every borrower, including visa documentation for non permanent residents where it applies.
The purchase contract, or your current mortgage statement
Fully executed with addenda on a purchase; on a refinance, the statement and any payoff figures.
Asset statements
Recent statements covering the down payment, closing costs, and reserves. This is the document that carries the file.
Reserve documentation
Six to nine months of payments must remain after closing, from your own funds. Retirement and investment accounts often count; ask how yours are weighed.
Gift documentation
A gift letter and paper trail if family is helping with the down payment or closing costs. Gifts cannot be used for reserves.
Credit authorization
Your report supplies the tier setting score, the tradeline history, and the 12 month mortgage record.
Housing history
Where you have been living and how those payments were made, on every mortgage you hold.
Bankruptcy or credit event paperwork
Discharge documents for any bankruptcy, short sale, or foreclosure, so the seasoning clock can be verified.
Homeowner counseling certificate
Proof that at least one borrower completed the required counseling. A real condition, not a formality.
Homeowners insurance
A policy effective at closing. Taxes and insurance are escrowed on this program.
What you will not be asked for: tax returns, W-2s, pay stubs, profit and loss statements, or an employer verification. You do not need any of this to start a conversation.
Been told your income "doesn't work"? Bring us the file. Income is only one way to qualify.
Talk With A Loan ExpertReal World Context
Three Borrowers This Was Built For
Illustrative examples only. None is an approval, a promise, or a prediction.
Self employed contractor whose returns hide his income
The situation
A Cobb County contractor grosses well into six figures, but write offs and depreciation leave his returns showing modest income. His credit sits in the mid 700s, his mortgage has never been late, and he wants a $650,000 home in East Cobb.
Why a normal purchase is hard
Conventional underwriting reads the returns, and the returns say he cannot afford the house he plainly can.
Why this loan may be considered
At his credit tier, financing may reach 80 percent of the price, so about 20 percent down, with no return ever requested and no ratio calculated. His score does the qualifying his returns refuse to do.
What still needs review
Reserves after closing, tradeline depth, and the appraisal. Strong, steady deposits would put a bank statement loan in play at a better price.
When another program could fit better
If two clean years of returns are one filing away, waiting for conventional financing is cheaper still. We run that math first.
Retired couple with excellent credit and no paycheck
The situation
A Gwinnett County couple in their late sixties sold a business three years ago. They live on drawdowns and Social Security, carry credit scores near 800, and want a $480,000 ranch near their grandchildren in Hoschton.
Why a normal purchase is hard
Their documentable income is small next to their net worth, so lenders keep declining a payment their accounts could cover twice over.
Why this loan may be considered
No employment verification and no ratio. At their credit tier the financing may reach 80 percent, keeping most of their savings invested instead of locked into the house.
What still needs review
Which accounts count toward the six months of reserves, and starting the counseling requirement early.
When another program could fit better
Some conventional approaches can convert documented assets into qualifying income. When that works, it prices better, so we check it first.
Business owner taking a large cash out without a tax return
The situation
A Sandy Springs homeowner with a small remaining balance runs a company whose income stays inside the business. She wants several hundred thousand dollars out to fund an acquisition, without opening her books to a bank.
Why a normal refinance is hard
A conventional cash out refinance needs her personal returns to support the new payment, and her returns are structured not to.
Why this loan may be considered
Cash out is permitted to her credit tier's maximum, up to 75 percent of the home's value, with no cap on the cash in hand and no income file. Her score and her equity carry it.
What still needs review
The appraisal, her reserve position after the cash leaves the table, and whether part of the proceeds can serve as reserves, which depends on the amount.
When another program could fit better
If the need is smaller or short term, a HELOC or home equity loan may leave her low first mortgage rate untouched.
Scenarios are illustrative and guarantee no borrower the same result, terms, or approval. Every file is subject to the lender's guidelines and full underwriting.
Local Guidance
No Income Verification Loan Guidance for Georgia and Metro Atlanta
This loan fits nearly the whole Georgia market, and Georgia's economy is full of the borrower it was built for.
The whole market is in range
With loan amounts from $100,000 to $3,000,000, this program reaches from a starter condo in Clayton County to an estate in Buckhead. The effective minimum purchase price runs from roughly $125,000 to $155,000 depending on tier, and the Metro Atlanta median sales price of $442,500 in June 2026, per the Atlanta REALTORS Association, sits comfortably inside it. Our HomeEdge 55 program does not work below roughly $455,000, so on a typical Atlanta home this is the no ratio loan that can actually be used.
Built for how Georgia earns
Georgia's economy runs on people whose income documents badly: contractors and trades, film and production crews working gig to gig, small business owners from Marietta to Macon, and retirees relocating near family. The property list fits the state too: rural property up to 20 acres, modular homes, and log homes are all eligible, which matters the moment your search leaves the perimeter for Paulding, Henry, or the North Georgia mountains.
Two Georgia specifics worth knowing: closings here are conducted by a licensed attorney, so build that into your timeline, and Georgia assesses property at 40 percent of fair market value, with a homestead exemption available on a primary residence that changes your escrow figure.
Where UHome can place this loan
UHome Mortgage is licensed in Georgia, Alabama, and Texas. State availability for this program is confirmed during your scenario review, because the lender maintains its own state list. One Texas rule to know up front: Texas home equity cash out refinances on a homestead, known as 50(a)(6) loans, are not permitted on this program, though Texas purchases are a different conversation.
Good Questions
Questions Borrowers Ask About No Income Verification Mortgages
What is a no income verification mortgage?
It is a loan that qualifies you without documenting income or employment: no tax returns, no pay stubs, no employer verification, and no debt to income ratio. On this program, your credit score and your assets do the qualifying instead, and the score sets how much financing you can get.
These are regulated non-QM loans made under the federal ability to repay framework. Nothing is stated, because income is simply not part of the file.
What credit score do I need for a no income verification loan?
A 620 minimum on this program, and the score matters beyond the minimum: at 740 or above, purchase financing may reach 80 percent of the price, while at the 620 tier it is capped at 65 percent. Every tier you climb cuts the down payment.
Below 620, or with no score at all, HomeEdge 55 removes the credit requirement entirely in exchange for about 45 percent down.
How much down do I need with no income verification?
About 20 percent at the strongest credit tiers, about 25 percent from a 680 score, and about 35 percent at the 620 entry tier, plus closing costs and escrow deposits. Gift funds may cover up to 100 percent of the down payment and closing costs with documentation.
Can I do a cash out refinance with no income verification?
Yes. Cash out is permitted up to 75 percent of the home's value at the strongest credit tier, and there is no cap on the amount of cash in hand. No income documentation and no ratio applies on the refinance side just as on a purchase.
One geographic exception: Texas homestead cash out loans under Section 50(a)(6) are not permitted on this program.
Do I need reserves?
Yes: six months of payments at financing up to 75 percent, and nine months above that, remaining after closing. Gifts cannot fund reserves; first time homebuyers may qualify with two months.
On a cash out, part of the proceeds may serve as reserves depending on the amount; larger cash outs require some reserves from your own funds.
Is this the same as a stated income loan?
No. A stated income loan let borrowers declare an income figure nobody verified. This is a no ratio loan: no income figure exists in the file at all, stated or otherwise, and qualification rests on verified credit and verified assets instead.
Can retirees get a mortgage with no income?
Yes. No employment verification and no ratio means a retiree living on savings, drawdowns, or a home sale is not asked to manufacture qualifying income. Strong credit, the down payment for your tier, and six to nine months of reserves carry the file.
Should a self employed buyer use this or a bank statement loan?
It depends on your deposits. A bank statement loan qualifies you on 12 to 24 months of business or personal deposits and often prices between this program and conventional, so strong, steady deposits favor it. Irregular, retained, or private cash flow favors this program, which skips the question entirely. We price both on one review.
What if I had a bankruptcy or foreclosure?
This program requires 48 months of seasoning after a bankruptcy discharge or short sale and 7 years after a foreclosure, along with a clean 12 month mortgage payment history on every mortgage you hold.
Inside those windows, HomeEdge 55 is the next rung: it can consider a borrower one day after a bankruptcy discharge, in exchange for about 45 percent down.
What property types are eligible?
Single family homes, PUDs, townhomes, condos, 2 to 4 unit properties, modular homes, mixed use property, log homes, and rural property up to 20 acres, as a primary residence or second home. Loan amounts run from $100,000 to $3,000,000, and loans over $2,000,000 require two appraisals.
Investment property is not eligible; a DSCR loan covers rentals without income documentation.
Can ITIN or foreign national borrowers qualify?
No. This program is limited to U.S. citizens, permanent residents, and non permanent residents with U.S. credit and an acceptable visa. ITIN borrowers are eligible on HomeEdge 55, which also requires no credit score.
Is there a prepayment penalty, and what terms are offered?
No prepayment penalty on any option. Terms are fixed rate, 7/6 ARM, and 10/6 ARM; no interest only, and taxes and insurance are escrowed.
For many borrowers that is the plan: qualify on credit now, refinance into cheaper financing once the income documents, at no penalty.
Is homeowner counseling really required?
Yes, on every transaction, and at least one borrower must complete it before closing. Start it the week you apply so it never holds the closing.
Accuracy Matters
Reviewed for accuracy by a licensed mortgage professional
Coby Pegues
President | Loan Originator | NMLS #2556341
This page describes a portfolio program whose guidelines are set by the lender and can change without notice, and compares it to related UHome programs and to agency financing. No feature described here is available to every borrower. Anything material to your decision should be confirmed for your actual transaction before you rely on it.
Last reviewed: [CMS: review date]
Sources and References
This is a portfolio program, so its terms come from the lender's own published guidelines. The sources below support the regulatory context, comparisons, and Georgia data cited above.
- Lender program guidelines for the No Income No Employment loan, current revision. Source of the credit tiers, financing maximums, reserve, seasoning, loan amount, property, counseling, and citizenship terms described here. Available from your loan originator on request.
- CFPB, Regulation Z § 1026.43, Ability to Repay and Qualified Mortgages. the federal framework under which non-QM loans like this one are made.
- CFPB, Regulation Z § 1026.24, Advertising. the advertising rules that govern how down payment and financing terms may be stated.
- Fannie Mae Eligibility Matrix. source of the conventional comparison context.
- Atlanta REALTORS Association, Monthly Market Brief. source of the June 2026 metro Atlanta median sales price.
- Georgia Department of Revenue, Property Tax Valuation. the 40 percent assessment ratio under O.C.G.A. § 48-5-7.
- NMLS Consumer Access. verify the license status of UHome Mortgage LLC and any individual loan originator.
Market data reflects the reporting period stated by the source. Agency requirements are updated periodically. Portfolio program guidelines are set by the individual lender and are subject to change without notice.
