Best No Doc Mortgage Lenders in 2025

In today’s evolving mortgage landscape, many borrowers don’t fit into the neat boxes of traditional lending guidelines. Self-employed individuals, entrepreneurs, real estate investors, and retirees with non-traditional income often face obstacles when trying to qualify for a mortgage. That’s where no doc mortgage lenders come in.

The no documentation mortgage loan allow borrowers to qualify without providing standard income verification documents like W-2s, tax returns, or pay stubs. Instead, lenders may rely on alternative methods like bank statements, stated income, or asset verification.

8 Best No Doc Mortgage Lenders Online

If you’re wondering whether these loans are trustworthy or accessible, ask yourself this:

Shouldn’t responsible borrowers with unique income types have the same opportunities to build wealth through real estate?

The answer is yes—and the no doc loan market is thriving because of it.

This guide covers the 8 best no doc mortgage lenders in 2025, outlines their standout products—including no doc purchase, no doc refinance, no doc HELOC, bank statement home equity loans, and stated income loans—and shares real-life examples of borrowers who used these loans to achieve their goals.

1. Angel Oak Home Loans

Specialty: Bank statement loans, asset qualifier loans, no doc purchase and refinance

Angel Oak is a leader in non-QM (non-qualified mortgage) lending. They offer a range of flexible loan options, including:

• Bank Statement Loans (12 or 24 months)
• No Doc Investor Loans
• Asset Qualifier Mortgages
• Stated Income Loans for Investors

Borrowers can qualify without tax returns, making Angel Oak a top choice for self-employed home buyers and investors.

2. Velocity Mortgage Capital

Specialty: Investor-focused, no income loans

Velocity Mortgage offers:

• No Doc Investor Mortgages
• DSCR Loans Based on Rental Cash Flow
• No Income Verification Refinance Loans

They are ideal for landlords and fix-and-flip investors seeking streamlined qualification.

3. LendingOne

Specialty: Real estate investor loans, no income verification

LendingOne focuses on real estate investment loans and offers:

• No Doc Rental Property Loans
• Cash-Out Refinance Without Income Verification
• No Employment Verification Mortgage Options

These products are based on property cash flow and credit score, not personal income, helping investors expand their portfolios.

4. Newfi Lending

Specialty: Non-QM, bank statement home equity loans

Newfi Lending provides:

• No Doc HELOC (Home Equity Line of Credit)
• Bank Statement HELOC
• No Doc Cash-Out Refinance

Their flexible underwriting and digital platform make Newfi ideal for homeowners looking to tap into equity without full income documentation.

5. Acra Lending

Specialty: Stated income and investor loans

Acra Lending offers:

• Stated Income Mortgage Loans
• No Doc Purchase and Refinance Loans
• DSCR Investor Loans
• Asset Depletion Mortgages

They cater to freelancers, real estate professionals, and investors across most U.S. states.

6. Citadel Servicing (now Acra Lending brand)

Specialty: No income, no employment, no reserve options

Citadel offers:

• One Month Bank Statement Loan Programs
• No Ratio Loans (no income or DTI required)
• Business Bank Statement Loans

They provide true no doc home loans for both primary and secondary residences.

7. HomeXpress Mortgage

Specialty: Low credit score and no doc loans

HomeXpress serves borrowers with:

• Stated Income Loans for Home Buyers
• No Doc Mortgage Refinance Options
• High LTV No Doc Home Loans

They offer flexible programs for borrowers with credit scores as low as 620.

8. Griffin Funding

Specialty: Bank statement loans, DSCR, stated income loans

Griffin Funding offers nationwide non-QM mortgage programs and specializes in:

• No Doc Mortgage for Purchase
• Bank Statement Loans for self-employed borrowers
• DSCR Loans for rental income-based qualification
• Interest-Only Mortgage Options

They’re known for fast closings and creative underwriting—ideal for gig economy workers and business owners.

Top 3 No Doc Mortgages in 2025

In 2025, the mortgage landscape continues to evolve to meet the needs of self-employed borrowers, real estate investors, and individuals with non-traditional income. Among the most flexible and accessible options are three standout no doc mortgage products: the No Doc Mortgage Refinance, the No Doc HELOC, and the DSCR Loan.

The No Doc Mortgage Refinance is ideal for homeowners looking to lower their interest rate or access equity without traditional income documentation like W-2s or tax returns. Instead, approval may rely on credit score, property value, and asset verification.

The No Doc HELOC offers borrowers a revolving line of credit based on their home’s equity, allowing access to funds for renovations, debt consolidation, or business needs—without submitting standard income paperwork. It’s especially popular with self-employed professionals who have strong equity but fluctuating earnings.

The DSCR Loan (Debt-Service Coverage Ratio) is a top choice for real estate investors seeking to qualify based on rental income rather than personal income. This loan evaluates the property’s ability to generate enough rental income to cover the mortgage, bypassing the need for traditional income or employment verification.

Each of these no doc loans provides unique flexibility and expands access to financing for individuals often underserved by traditional lending. Together, they represent the top no doc mortgage solutions for 2025, offering financial freedom and opportunity to a growing segment of borrowers.

No Doc Mortgage Case Study #1: Self-Employed Consultant Buys First Home

Profile: Lisa, a 34-year-old marketing consultant in Los Angeles, had been self-employed for over five years. Her tax returns reflected low net income due to business deductions.

Challenge: Traditional lenders declined her due to insufficient income documentation.

Solution: Using a 12-month bank statement loan through Angel Oak, Lisa was approved based on her business deposits.

Outcome: She closed on her first home with 10% down and a competitive rate, bypassing traditional income verification hurdles.

No Doc Mortgage Case Study #2: Real Estate Investor Consolidates Debt

Profile: Michael, a 48-year-old Miami-based investor, owned multiple rental properties and needed to consolidate high-interest debt.

Challenge: Irregular rental income and multiple income sources made qualifying for a conventional refinance difficult.

Solution: He used a DSCR loan from LendingOne, qualifying based on property cash flow.

Outcome: Michael refinanced three properties, lowered his interest rate, and freed up cash flow for new investments.

Pros and Cons of No Doc Mortgage Loans

Pros:

• Flexible documentation options
• Ideal for self-employed and non-traditional earners
• Available for purchases, refinances, HELOCs
• Can qualify based on assets, bank statements, or property income

Cons:

• Higher interest rates than conventional loans
• Lower LTV (loan-to-value) ratios
• Stricter reserve and credit score requirements

Final Thoughts

No doc mortgage lenders offer critical financing options for self-employed individuals, freelancers, retirees, and investors with complex income profiles. Whether you’re looking for a no doc purchase loan, a stated income refinance, or a bank statement HELOC, these lenders are paving the way for inclusive home financing in 2025.

Before choosing a lender, compare loan programs, fees, and eligibility requirements. Ask detailed questions and make sure the loan aligns with your long-term goals. The right no doc mortgage loan can provide access, flexibility, and opportunity when traditional loans fall short.

In a world where financial lives are increasingly diverse, these no doc lenders are proving that qualifying for a mortgage doesn’t have to depend on a tax return.

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