(949) 603-7683

No Doc Loans


GET STARTED NOW


Options on No Document Loans:

____________________________________________________________________

Option 1

ND2

Stated Income / Stated Asset / No Credit Report

This program requires No Income Documentation

  • No Credit Report / No Fico
  • No Income / No Employment
  • No DTI / No DSCR
  • Stated Asset
  • Up to 70% LTV 
  • Loan Amount up to $5,000,000
  • Foreign National Allowed
  • Non-Warrantable Condo Allowed
  • Investment Properties Only
  • 1-4 Unit Homes

  

Payment calculation Based on 30 Year Amortization (365/360 Basis)   

 5 Year Loan with 1 Year Pre-Pay

Borrower must deposit 36 or 48 mo. of P+I reserves into investor-selected bank  

*Rates are currently in the 5.5% range 


Option 2

Beyond The Box

This program requires No Income Documentation

  • FICO now starting at 640
  • Loan amounts up to $2.5M
  • No income or employment stated
  • No income documentation required
  • Up to 80% LTV (purchase & rate/term)
  • Cash-out allowed (can be used as reserves)
  • Debt consolidation treated as rate/term
  • Reserves as low as 6 months
  • 30-day asset seasoning
  • Primary residence only


*Rates are currently in the 8% range

Option 3

Private Loan (Hard Money)

A hard money loan is a short‑term, asset‑based real estate loan funded by private lenders, not banks.
In California, these loans are extremely common for fix‑and‑flip projects, bridge financing, distressed properties, and fast closings.
Hard money lenders focus on the value of the property, not the borrower’s income or credit.

Key Features of Hard Money Loans in California

1. Asset‑Based Approval

Lenders care primarily about:

• Property value
• After‑repair value (ARV)
• Exit strategy
Credit matters far less than in traditional loans.


2. Fast Funding

• Same‑day approvals
• Funding in days

• Closings in as little as 5–10 days

*Rates are currently in the 10% + range, depending on the borrowing scenario 

Option 4

Rental Property Home Loan (DSCR)

We can lend this loan on all states except:

AZ, ID, MI, MN, NE,ND, NY, NV, OR, UT, VA, VT, SD

A DSCR loan (Debt Service Coverage Ratio loan) is a real estate investor mortgage that qualifies the borrower based on the property’s cash flow, not their personal income. This makes it ideal for California investors who want to scale portfolios without providing tax returns, W‑2s, or paystubs.

DSCR loans are designed for rental properties, including long‑term and short‑term rentals

How DSCR Works:


The lender calculates:

Gross Rental Income = PITIA

Most California lenders want:
• DSCR ≥ 1.0 (property covers its payment)
• Some allow DSCR < 1.0 with pricing adjustment.


Borrowers can vest in the LLC, S Corp, Etc.

10 days seasoning for DP and Cash to Close.

Very little if ANY reserves necessary.

Cash out can be used as reserves.

-This means the property qualifies itself based on rent

Key Features of DSCR Loans in California
1. No Income Documentation
Lenders do not require:
• Tax returns
• W‑2s
• Paystubs
Instead, they use:
• Lease agreements
• Market rent (Form 1007)
• Airbnb/short‑term rental income (with some lenders)
2. Flexible Borrower Requirements
California DSCR lenders commonly offer:
• Up to 80% LTV on purchases and refinances

*Rates are currently in the 5.75% + range, depending on the borrowing scenario





Why Work With Selective Lending?

_________________________________________________


  • Selective By Name, Exceptional By Choice-Personalized Lending That Puts You First
  • 22+ Years of Lending Experience
  • Dedicated Trained Team
  • Fast Response Times
  • Flexible Structuring for First Time Borrowers or Investors
  • Direct Communication From Application to Closing


Various circumstances may affect loan qualification. All loan terms and information are subject to change without notice.

Get a Quick Quote