No Tax Return Loan
Simplifying Home Financing
Unlock diverse home financing options with GMCC's innovative "No Tax Return Loan" program. Designed for borrowers seeking alternative documentation methods, this program eliminates the need for tax returns or W-2 forms, offering seven distinct pathways to secure your home loan.
1. 12-Month Business Bank Statement: Ideal for self-employed individuals, with a minimum of 10% down.
2. 12-Month Profit and Loss Statement (P&L): A streamlined option requiring just 10% down.
3. One-Year 1099: Perfect for contractors and freelancers, also with a minimum of 10% down.
4. Rental Income Qualification: Use your investment property's rental income to qualify, with at least 20% down.
5. Verification of Employment (VOE) Only: No need for W-2s or paystubs, just a VOE, with 20% down.
6. Asset-Based Qualification: For those with significant assets, available to all visa types and foreign nationals, requiring 40% down.
7. Asset Utilization/Depletion: Leverage your assets for loan qualification, with just 10% down.
Loan Highlights
Flexibility: Tailored solutions to fit diverse financial situations and backgrounds.
Accessibility: Options available for a wide range of borrowers, including self-employed individuals, foreign nationals, and investors.
Simplicity: Streamlined application process without the need for traditional income verification documents.