No Documentation Loans offer a number of loan programs for borrowers who are unable to or choose not to verify their income or assets in a traditional fashion. There are a number of loan products designed specifically for these borrowers No Income Verification mortgages are available for people purchasing or refinancing residential real estate.  Generally, the better the credit the more equity one can borrow. The No Income & No Asset Loan program takes the no income verification loan one step further. In addition to not verifying a borrower's income, the lender will also not verify assets needed for down payments and closing costs. Stated Income Loan program has a number of similarities with the other No Documentation loan products. They don't actually verify what a borrower earns, rather he or she states his earnings and they will only verify that the borrower currently works at that employer. The Stated Income Loans are available to W-2 employees and to the self-employed. Light Documentation Loans The Light Documentation Loan program works very easily. The borrower provides six (6) or twelve (12) months of bank statements and the average of the deposits over that time frame will be used as monthly income.