Why No-income Doc Rental Loans are Fast and Easy

Darrin Seppinni
Written by:
Real Estate Investor Holding Keys in front of House

Simple qualifying investment property loans with No Income documentation, No tax returns, and NO DSCR (debt service coverage ratios) required. Perfect for real estate investors seeking a no hassle mortgage on their rental property.

Investment Property Financing Designed with Real Estate Investors in Mind

The No-doc investment property loan is different than any other real estate investor loan program out there. It requires no income estimation or documentation at all No Ratio/Stated income. There is no rental income cash flow calculation needed. This can be a huge benefit to investors, who often have difficulty qualifying for traditional financing.

Simple qualifying, less hassle, better long-term advantages

  • No tax returns, No income verification
  • No rental income, No leases required
  • No DSCR (debt service coverage ratio)
  • No reserves
How to determine your rates on a No-income doc Rental Loan

As with all investment property rental loans, interest rates are determined by several factors, including the type of transaction (purchase vs. refinance), the loan-to-value ratio, your credit score, and more.

Factors that determine the rate include:

  • Credit score, (a minimum middle credit score 700 is needed),
  • Loan-to-value-ratio, (purchases require a minimum 25% down payment. On a refinance 75% is the maximum LTV (The amount of cash you’re seeking divided by the value of the property)
  • Total loan amount,
  • Type of transaction (purchase, refinance)
  • Property type (single family, condo, townhome, 1-4 unit, or 5+
  • Payment option (fully amortized, I/O – interest only)
  • Loan term
Buying an investment property with a No-income doc rental loan

Our streamlined investment property loans offer an easier way to access financing for investors.

Simply put, No-income doc rental loans offer a No hassle qualifying with a faster loan process, great low rates and steady monthly payments for the long haul -an ideal arrangement for investors looking to buy and hold investment properties.

Refinancing an investment property with a No-income doc rental loan

Investors can see big benefits from refinancing into a No-income doc rental loan. Getting cash-out to free up funds for maintenance, repairs, and other expenses is a smart move. Tap into your property’s equity with a cash-out option, for further property improvements or build on your rental portfolio and buy your next rental property.

For real estate investors with a hard money loan coming due, refinancing into a longer-term investment property loan is a great real estate investment strategy to build passive or monthly income.

Here are a few benefits you’ll enjoy with our No-doc Rental Loan program

  • Competitive rates. Interest rates are competitive on these loans. Particularly if your credit score is high (think 720 or higher). Rates start in the mid 6’s
  • Enjoy 30-year fixed rates – with interest only options
  • Loan limits are high. Our No-doc rental property loans go up to $5 million
  • Buy or refinance up to 80% of property value
  • The title is flexible. purchase or refinance the property using your individual name or an entity, including LLC’s, corporations, and more.
  • Property types. Single family, condo, townhome, and 2-4 units
  • Quick closing times. Investors can get preapproved in just 24 hours, plus close in 3-4 weeks

Apply for your no-doc rental property loan today

Are you ready to buy your next investment property? Don’t want to deal with the hassles and headaches that come with traditional financing (or the documentation it requires)? Then reach out to HomeLife today. We’ll get you pre-approved in just 24 hours.

Get Pre-Approved Now


More Content For You:

Rental Property Real Estate Investment Loans - No Income Documentation

Why No-Doc Rental Property Loans are Perfect for Real Estate Investors

Hard Money and Private Money Mortgage Loans for Real Estate Investors


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About HomeLife Mortgage

For more than 25 years, HomeLife Mortgage has built a strong reputation in California and Florida as a leading mortgage broker, servicing the needs of borrowers who have been unable to obtain conventional financing.  HomeLife Mortgage is at the forefront of non-bank lending offering the next generation of mortgages including Jumbo Loans, Real Estate Investor Loans, and Bank Statement Loans.


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