No Tax Returns. No W-2s. No Income Verification.

A no-doc (also called no-ratio or no-income-verification) home loan is a non-QM mortgage that qualifies you on your credit score and the equity in the home rather than on income or employment. There are no tax returns, no W-2s, no pay stubs, and no employment verification. Your credit score and loan size set your maximum financing. It's designed for Oregon and California borrowers — self-employed owners, retirees, and investors — whose tax returns don't reflect their real ability to buy.

Yes — as non-QM (non-qualified mortgage) loans. "No-doc" refers to skipping income and employment documentation, not to skipping underwriting. Lenders still make a good-faith determination of your ability to repay, and this program does that through your credit profile, required cash reserves, and a clean 12-month mortgage history. The old "stated income" loans that stated an income figure with nothing behind it are gone; a no-ratio loan simply doesn't use an income figure at all.

Generally yes — a no-doc loan typically carries a rate premium over a conventional loan, and often over other non-QM programs. The reason is straightforward: with no income in the file, the lender is relying on credit and equity alone, so the pricing reflects that. Your exact rate depends on your credit score, down payment, and loan size, and a stronger profile narrows the gap. This is exactly why it pays to talk to an experienced non-QM lender before you decide: no-doc isn't always the cheapest way to qualify without tax returns, and we can show you — with live examples — how the rate and terms compare against a bank statement, asset depletion, or 1099 loan so you choose the option that costs you the least for what you need.

Loan amounts run from $100,000 to $3,000,000. Your down payment depends on your credit score and loan size: as little as 20% down at a 740+ score, rising to 35% at the 640 minimum, per the grid above. Up to 100% of the down payment can come from a gift.

The minimum is 640. Higher scores meaningfully improve your terms — 740 and above unlocks the highest financing (lowest down payment) and best pricing. Because there's no income in the file, your credit profile carries more weight than it would on a conventional loan.

Yes. No-doc financing is available for cash-out refinances with no cap on the amount of cash you take out, subject to the loan-to-value limits in the grid (for example, up to 75% of value at a 740+ score on a loan up to $2M). The cash you pull out can often count toward the reserve requirement.

All three are non-QM programs, but they qualify you differently. A bank statement loan uses your business deposits as income. An asset depletion loan converts your savings and investments into qualifying income. A no-doc loan uses no income figure at all — just credit and equity. If you have documentable deposits or assets, those programs often reach a higher loan amount; no-doc is the cleanest path when documentation is the obstacle.

No — this program is for a primary residence or a second home. For a rental or investment property, a DSCR loan is the better fit: it qualifies on the property's own rental income, with no personal income or employment documentation required.

Here's a common Portland-area scenario: a self-employed owner with a 740 credit score buying a $600,000 primary residence. At 740+, the grid allows up to 80% financing, so a 20% ($120,000) down payment puts the loan at $480,000 — with no tax returns, no P&L, and no bank statements reviewed. The file is underwritten on credit, the required cash reserves (6 months of payments at this financing level), and a clean 12-month mortgage history. The same structure works statewide — Bend, Eugene, Salem, Medford — because the program is priced on your profile, not your city.

Yes. Take a California owner with substantial equity — say a $1,500,000 home in the Bay Area or San Diego and a 720 credit score — who wants to pull cash out without documenting income. At 720, the grid caps a cash-out refinance at 70% of value, so up to roughly $1,050,000 of total financing; the difference between that and any existing balance is your cash, with no cap on the amount. The proceeds can often count toward the required reserves. High California values pair naturally with no-doc because equity, not income, drives the loan.