The No Doc / Stated Income mortgage — also known as a No Income Verification (NIV) or Stated Income Verified Assets (SIVA) loan — allows borrowers to qualify based on stated income and verified liquid assets rather than traditional income documentation. No W-2s, no pay stubs, and no IRS tax returns required.
Loan approval is based on your stated income, credit history, and verified liquid assets that are consistent with the income claimed. 1st Capital Group offers these programs through our network of private mortgage lenders for both foreign nationals and U.S. citizens.
These programs are available for Florida properties, with loan amounts from $100,000 to $5 million or more. The flexibility of stated income lending makes this program ideal for self-employed borrowers, business owners, and foreign nationals whose income documentation does not conform to traditional U.S. lending requirements.
Loan Details
| Minimum Down Payment | 40% |
|---|---|
| Maximum LTV | 60% |
| Loan Amounts | $100,000 to $5,000,000+ |
| Loan Terms | Up to 5-year balloon, interest only, 18-23 year amortization |
| Interest Rates | Competitive — call (954) 300-1287 for current rates |
| Income Documentation | None — stated income only |
| Asset Verification | Verified liquid assets required |
| U.S. Credit Required | No |
| SSN / ITIN Required | No — valid passport and visa accepted |
| Property Types | Single family homes, condos, townhomes |
| Coverage | Florida properties |
What You Will Need
- Valid passport and visa (if applicable)
- Stated income declaration (no documentation required to verify)
- Verified liquid assets consistent with stated income
- Funds for 40% down payment, closing costs, and reserves
- U.S. bank account for mortgage payment
- Property must be located in Florida
Frequently Asked Questions
What is a stated income mortgage?
A stated income mortgage allows you to declare your income on the application without providing W-2s, pay stubs, or tax returns to verify it. Approval is based on your stated income combined with verified liquid assets and credit history.
What does verified assets mean?
You must demonstrate that you have liquid assets (bank accounts, investment accounts) that are consistent with the income you claim. The lender verifies these assets through bank statements.
Who is the no doc mortgage best for?
This program is ideal for self-employed individuals, business owners, foreign nationals with complex international income, and anyone whose income documentation does not fit traditional U.S. lending formats.
What is the minimum down payment?
The minimum down payment is 40%. This higher down payment reflects the reduced documentation requirements and provides additional security for the lender.
Are these loans available for investment properties?
These programs are primarily available for Florida properties including single family homes, condos, and townhomes. Contact us to discuss your specific investment scenario.
Ready to Get Started?
Get a free consultation with Nick Lazarevic. We will match you with the best program from our network of 60+ lenders.
1st Capital Group as dba of GFL Capital Mortgage Inc | Company NMLS #64367 | Nick Lazarevic NMLS #38639 | Licensed Mortgage Lender | Equal Housing Opportunity | All loans subject to lender underwriting approval. Programs, rates, terms, and conditions are subject to change without notice. Not a commitment to lend.