If you are self-employed or have complex sources of income, a No Income Verification (NIV) loan may be the right choice. NIV loans are ideal for buyers who cannot verify their income with traditional documentation because they are self-employed, have bonus-based income, or are retired.

Without the income qualification of standard loans, lenders are assuming a higher level of risk. To offset these risks, NIV loans typically charge higher rates and require larger down payments than comparable full documentation loans.

Borrowers who wish to obtain financing with no verification of their income must be prepared to show documentation of their assets.

If you are interested in a No Income Verification loan, contact a Preferred Empire Loan Officer for more information on how to qualify.