Yes. In 2026 you can get a mortgage without listing income or employment through a no-ratio (no income documentation) loan. Our California program is for primary residences: income and employment are left blank, and the loan is approved on credit, equity, and reserves. Typical terms: 640 minimum FICO, up to 80% loan-to-value on a purchase (75% on cash-out), loans from $100,000 to $2.5 million, 30-year fixed, 6 to 9 months of reserves, no prepayment penalty. These programs are offered by specialty lenders through brokers, not by banks.
Questions on this page
- Can you get a mortgage with no income?
- Can I get a mortgage if I don't have a job?
- What is a NINA or NINE loan?
- Who offers no-income-verification mortgages?
- Does Chase offer no-income-verification mortgages?
- How much do I need to put down?
- What are no-income-verification mortgage rates?
- Is a no-income mortgage legal?
- Can retirees use a no-income mortgage?
- Can I do a cash-out refinance with no income verification?
- What credit score do I need for a no-income mortgage?
- No-ratio vs. asset depletion vs. bank statement: which is best?
- What documents do I need for a no-income loan?
Can you get a mortgage with no income?
Yes. A no-ratio or no-income-documentation mortgage lets you leave income and employment off the application. The lender approves the loan based on your credit score, your down payment or equity, and your cash reserves instead of a debt-to-income ratio. Expect at least 20% down, a 640 or higher credit score, and 6 to 9 months of payments in reserve.
Can I get a mortgage if I don't have a job?
Yes, through programs that do not require employment, such as a no-ratio loan, asset depletion (qualifying from savings), or a DSCR loan for an investment property (qualifying from rent). Which one fits depends on whether you will live in the home and whether you have large assets you can document.
What is a NINA or NINE loan?
NINA (no income, no assets) and NINE (no income, no employment) are pre-2008 terms that people still use for loans that do not verify income or employment. Modern versions are not the pre-2008 stated-income loans. They require strong credit, substantial equity, and verified reserves, and the lender documents why the borrower can repay without an income figure.
Who offers no-income-verification mortgages?
Specialty non-QM lenders offer them, almost always through mortgage brokers. Large banks and retail lenders, including the big national banks, generally do not offer true no-income-verification mortgages. They may offer bank statement or asset-based options through private banking, but not loans that ignore income. A broker can shop the non-QM lenders that do.
Does Chase offer no-income-verification mortgages?
Chase and other big banks do not advertise true no-income-verification mortgages for typical borrowers. Wealth-management clients may qualify for asset-based lending, but that still documents assets. For a loan that leaves income off the application, borrowers generally need a non-QM lender, accessed through a broker.
How much do I need to put down?
On our no income documentation program, credit decides the down payment. At a 720 or higher score you can put down as little as 20% on a purchase (80% loan-to-value). Lower scores need more down, and the floor is a 640 FICO. Cash-out refinances top out at 75% loan-to-value, and up to 100% of the down payment can be a gift.
What are no-income-verification mortgage rates?
Rates are higher than conventional and higher than most bank statement or asset depletion loans, because the lender takes on more risk. The exact rate depends on credit score, loan-to-value, and loan size. If you can document income any other way, such as bank statements, assets, or a VOE, that option usually prices lower, so it is worth comparing before choosing no-ratio.
Is a no-income mortgage legal?
Yes, when it is done properly. Licensed non-QM lenders offer them within federal rules, with full verification of identity, credit, property value, assets, and reserves. What is illegal is misrepresenting income or employment on any application. Leaving income blank on a program designed for that is not misrepresentation.
Can retirees use a no-income mortgage?
Yes. Retirees who do not want to document pension or investment income, or whose income is low compared to their wealth, often use a no-ratio loan or an asset depletion loan. Asset depletion typically prices better if the retiree has large liquid assets. No-ratio is simpler if the paperwork is the main obstacle.
Can I do a cash-out refinance with no income verification?
Yes. Our no income documentation program allows cash-out up to 75% of the home's value with no cap on the cash-out amount, and the money can be used for anything, including paying off debt or funding a business. You still need 640 or higher credit and reserves.
What credit score do I need for a no-income mortgage?
640 is the floor on our program, and 720 or higher gets the best pricing and the lowest down payment. Recent late payments, collections, or credit events can disqualify you or require more down, because credit history is doing the work that income normally would.
No-ratio vs. asset depletion vs. bank statement: which is best?
Use a bank statement loan if your deposits show solid income, because it usually gets the lowest rate. Use asset depletion if you have large savings. Use no-ratio when you cannot or prefer not to document income at all but have strong credit, equity, and reserves. A broker can price all three on the same scenario in one call.
What documents do I need for a no-income loan?
Expect ID, a credit check, 2 months of statements for down payment and reserves, the purchase contract or current mortgage statement, homeowners insurance, and an appraisal. You will not provide tax returns, W-2s, pay stubs, a VOE, or a P&L.
We compare no income / no employment loans pricing across multiple non-QM lenders and tell you in one call which program gives you the best approval and rate. No credit pull to start. Get a quote →
Related: No income documentation loan · Asset depletion · No-doc mortgage · Bank statement loan · Non-QM loans
Terms shown are typical for 2026 and illustrative only, not an offer or commitment to lend. Programs, rates and guidelines vary by lender and change without notice. Save Financial, Inc. is a California-licensed mortgage broker, NMLS #377740, DRE #01875766.