Frequently Asked Questions

A no income verification loan allows you to qualify for a mortgage without providing traditional income documentation like W-2s or tax returns. Instead, lenders use alternative documentation such as bank statements, rental income (for DSCR loans), or assets to assess your ability to repay.

DSCR stands for Debt Service Coverage Ratio. It measures whether a property's rental income is sufficient to cover its mortgage payment. A DSCR of 1.0 means income equals the payment; 1.25 means income exceeds the payment by 25%.

Most bank statement loan programs require 12-24 months of consecutive personal or business bank statements. The exact requirement depends on the program and your situation.

Not necessarily. Self-managed properties can qualify. However, some lenders prefer or require a professional property manager for certain property types or loan amounts.