No Income No Employment Debt Service Coverage Ratio (DSCR) Investor Loans

LENDERLINE® is currently offering no income no employment debt service coverage ratio (DSCR) loans for investors, which utilize only the income from the subject property to qualify, under the following guidelines:

  • Property must be located in the State of California.
  • Non-owner-occupied investment properties only.
  • Income from subject property is only income indicated on loan application.
  • DSCR of 1.00 used to qualify (see underwriting guidelines).
  • Employer name not indicated on loan application.
  • Employment income not indicated on loan application.
  • No tax returns.
  • No 4506-T.
  • Standard DTI ratios are not calculated.
  • Borrower may be US citizen, permanent resident, LLC, or Inter Vivos Revocable Trust.
  • Foreign nationals not allowed under this loan program.
  • First time home buyers allowed.
  • Borrower must have at least 6 months’ experience of owning and managing commercial or investment real estate.
  • SFR, PUDs, condos, townhouses, and 2-4 units allowed.
  • Up to 80% LTV with minimum 680 credit score.
  • Up to 70% LTV with minimum 600 credit score.
  • $100,000 minimum loan amount.
  • $2,500,000 maximum loan amount (see underwriting guidelines).
  • Gift funds are allowed for down payment and closing costs.
  • Reserves must come from borrower’s own funds.
  • Purchase, rate and term, or cash out refinance.
  • No limit as to the number of financed properties borrower may own.
  • Avail as 5/1, 7/1 or 10/1 ARM, or as 15-year fixed or 30-year fixed rate.
  • Interest-only option is available on 5/1 ARM only (see pricing adjustment).
  • No prepayment penalty.

To download underwriting guidelines
for our no income no employment DSCR investor loans:

To download a loan application
for our no income no employment DSCR investor loans:

LENDERLINE® is your no income no employment DSCR lender of choice. No income verification loans, also known as no income loans or no doc loans, are our specialty.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.

  • Obtaining a mortgage through Lenderline was by far the best loan process we have ever experienced.

    Jay M.

    Northridge, CA

  • We have purchased and/or refinanced 4 rental properties and 3 different residences... In all those years, we have never dealt with such a professional broker.

    Toni M.

    Westlake Village, CA

  • Lenderline got us a cash-out refinance using 24 months bank statements as income, no tax returns, no 1099, and no 4506-T. They had just the loan product we were looking for, their rates were good, and their attention to detail was outstanding. I have already referred some of my friends.

    Thomas J.

    Perris, CA

  • I was at the end of my rope. Other lenders had turned me down due to a recent short sale, and I had a hard money loan with a balloon payment that was coming due. Lenderline was able to pay off my hard money loan, lower my interest rate, and provide some additional cash out at closing. What a lifesaver!

    Hector R.

    Northridge, CA

  • I had no FICO scores, and Lenderline was able to get me an FHA loan with only 3.5% down. My mortgage payment is less than my rent was, and I am now a happy homeowner thanks to the awesome loan agents at Lenderline.

    Edwin D.

    Los Angeles, CA

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