Option 1: DSCR
Instead of relying primarily on your personal W-2 income, the lender evaluates the rental property's qualifying cash flow. Learn how it works in our what is a DSCR loan guide.
Option 2: Self-Employed Traditional Financing
Business owners can qualify traditionally using documented self-employed income.
You do not need a W-2 simply because you own a business. Our self-employed home buying guide explains the documentation.
Option 3: Bank Statement Financing
Some non-QM lenders evaluate bank deposits to establish income. See what a bank statement mortgage is.
Option 4: Asset-Based Financing
Substantial financial assets or property equity may support other financing structures. Our asset-based real estate lending guide covers the property-focused products, and the asset depletion guide covers converting eligible financial assets into qualifying income. These are different concepts.
Option 5: Hard Money
Useful primarily for shorter-term or distressed-property situations. See what is a hard money loan for the costs and risks, and when to use it.
Option 6: Seller Financing
The property seller may agree to finance part or all of the transaction under negotiated terms. Legal documentation is essential. Real estate contracts are Lisa's territory, but legal advice for a seller-financing note comes from an attorney.
“No W-2” Does NOT Mean “No Money”
A lender can still require:
- Down payment
- Reserves
- Credit
- Assets
- Property eligibility
A TikTok promising “buy unlimited houses with no income, no job, and no money” is not a financing plan.
Financing, rates, underwriting, reserves and approval are determined by each lender under current program rules. Never assume a promise replaces documented qualification.
