
How Can You Apply for a Home Loan Without a W-2 or Tax Return?
Do you own your own business, work as a freelancer, or make most of your money through investments? If so,

Do you own your own business, work as a freelancer, or make most of your money through investments? If so,
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When it comes to applying for a home loan without a W-2 or tax return, stated income loans can be a great option. These loans allow self-employed individuals or those with irregular income streams, such as freelancers or contract workers, to qualify for a mortgage. With stated income loans, you do not have to provide traditional proof of income documentation, making the application process faster and easier.
To qualify for a stated income loan, factors such as your credit score and cash reserves will be considered. Ideally, a credit score of 700 or above is recommended, and having substantial savings can strengthen your application. Bank statements may be required to show proof of cash reserves. Additionally, factors such as any past bankruptcies or foreclosures may also impact your eligibility for a stated income loan.