Is a No Income Loan Right for you?
A No Income Loan is a great solution for borrowers who have substantial assets or investment income but don’t have traditional earnings to report. Whether you’re retired, self-employed with complex finances, or managing wealth in non-traditional ways, this type of loan focuses on your overall financial picture—not your paychecks.
If you’re looking to buy or refinance a property but your income doesn’t fit inside the usual boxes, a No Income Loan can open doors that conventional lenders often keep closed. It’s ideal for asset-rich individuals who want flexible qualification without the paperwork hassle.
Benefits of No Income Loans
The biggest advantage of a No Income Loan is the flexibility. You don’t need to provide tax returns, pay stubs, or employment verification—just proof of assets, creditworthiness, and a solid down payment. This speeds up the approval process and gives borrowers more control, especially those with non-traditional income streams.
It’s also a powerful option for real estate investors, retirees, or high-net-worth individuals who want to leverage assets without tying them up. With minimal documentation and straightforward terms, it’s a smart, streamlined way to move forward.
Eligibility Requirements for No Income Loans
Instead of verifying employment or income, lenders assess your assets, credit score, and property value. A credit score of 620+ is typically required, along with a significant down payment—often 20–35%, depending on the loan amount and type of property.
Asset documentation (like bank accounts, investment portfolios, or retirement funds) will be reviewed to ensure you have enough reserves to cover the loan. At Foundation Lending Partners, we specialize in helping borrowers qualify creatively and confidently—even without traditional income.
