Home › Refinance › No-income verification refinance
Alternative documentation

Refinance without a paycheck to show.

Refinance or take cash out using your liquid assets or the property's rental income to qualify. Built for retirees, owners with complex income and investors who do not want to document a job.

Income docsNone; assets or rent qualify
Cash-outUp to 70% to 75% of value
Minimum credit680
PropertyPrimary, second or investment
See if I qualifyCall (800) 511-3330
4.4 on Google · 214 reviewsNMLS 13988Licensed in 15 states + DC
Who it's for

Is the No-income verification refinance right for you?

  • Retirees who want a lower rate or cash out without income paperwork
  • Owners with large assets but irregular income
  • Investors refinancing rentals on the rent alone
  • Foreign nationals with US property
How it works

Three steps from here to closing.

Choose the path

Asset depletion or rent-based qualifying, depending on the property.

Application and appraisal

Credit, assets and the appraisal are verified; no income documents.

Close

Two to four weeks.

What you'll need

Requirements at a glance.

  • Credit score of 680 or higher
  • Loan-to-value up to 75% rate-and-term, 70% to 75% cash-out
  • Liquid assets or rental income that supports the payment
  • Reserves of 6 to 12 months
  • Standard appraisal and title
Straight talk

The upside, and what to weigh.

Why people choose it

  • No employment or income verification
  • Cash out on rentals held in an LLC
  • No limit on the number of financed properties with many programs

Things to consider

  • Lower loan-to-value than full-doc refinances
  • Higher rates and possible prepayment penalties
Common questions

Asked on almost every first call.

Can I take cash out?

Yes, typically up to 70% to 75% of value.

Do I need to show any income?

No. Assets or the rent do the qualifying.

Is an appraisal required?

Yes on every no-income refinance.