Salaried borrowers with only a Verification Of Employment form executed by the employer.

Our Verification of Employment Only Mortgage Program allows borrowers to qualify using non-standard income documentation. While most mortgage lenders ask for your tax returns, pay stubs and W2’s, Verification of Employment Mortgages instead consider other factors such as available assets, credit and down payment. This makes it easier to get a home loan if your income fluctuates.

Fidelity Home Group’s Verification of Employment Mortgage Program is mostly designed for the borrowers as an option for home financing since self-employed individuals have a complex way of documenting income.

Our No Income Verification Program that does not require any income documentation at all.

No Tax Returns Required
No Pay-Stubs Required
No W2’s Required

Verification of Employment Mortgage Program Details:

First-Time Home Buyer Allowed
Up to 80% Loan to Value
Loans up to $3 million (minimum loan $150,000)
Credit scores 640 or higher
No 4506 / IRS Tax Transcripts required
Primary or Second residence, purchase only
7/1 ARM or 30-year fixed
Non-warrantable condos considered
Gift Funds allowed with 10% of own funds

What is a No-Income Verification Mortgage?

In no-income verification mortgages, lenders don’t require applicants to prove or document a source of income. Other names for such mortgages include “stated-income” loans and “no-doc” or “alt-doc” loans, but all of them fall under the same umbrella definition with only a few differences. There are four main types of no-income verification mortgage loans, each with its own level of requirements.

SISA – stated income, stated assets
SIVA – stated income, verified assets
NIVA – no income verification, verified assets
NINA – no income verification, no asset verification

Stated Income, Stated Assets

A SISA loan can be useful if you have significant income and assets that are difficult to document. When you apply for a SISA loan, the lender agrees to accept the income and asset figures you provide, with no documentation needed. This can be helpful for small business owners who keep all their assets in a business account and don’t document their personal compensation with pay stubs, W-2 forms or 1099 forms. In such cases, bank statements for 12 to 24 months can be used to calculate the business’s monthly cash flow in place of other documentation.

Stated Income, Verified Assets

This type of loan is most useful if a big part of your income is hard to document, but you have verifiable assets on hand. The lender agrees to accept your income figure and verify your available assets. One example where SIVA would be appropriate is for someone whose income is based on tips or gratuities but who has a personal bank account in their own name.

No Income, Verified Assets

A no-income, verified assets loan is meant for applicants who have verifiable assets but income that cannot be documented. In this case, the lender verifies your assets and does not take your income into consideration. A retiree who draws income from their retirement accounts may not have enough verifiable income, but their assets can be documented, so they would benefit from using a NIVA loan.

No Income, No Assets

With the fewest requirements of all, NINA loans are best for applicants who cannot provide documents for either income or assets. NINA lenders base approval solely on the collateral and other non-income factors. Someone who is employed by a foreign company and holds their assets in a foreign bank may not be able to provide any documentation acceptable to U.S. lenders. Using a NINA loan in this case might allow the borrower to skip document translation and international asset transfers.

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*Assumes 2.799% APR, 20% down payment, and conforming 30-year fixed rate first mortgage on a single family, primary residence. The monthly payment you enter includes only principal and interest. Additional required amounts such as taxes, insurance, home owner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan based on the payment entered. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

Copyright © 2021 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Fidelity Home Group is a Mortgage Corporation serving the state of Florida. Not intended for legal or financial advice, consult your own professionals if such advice is sought. Accessibility Statement | Consent to Receive Electronic Loan Documents | Cookies Policy | Disclosures | Email and Mobile Policy | Fair Lending Policy | File a Complaint | Mortgage Assumptions | NMLS Consumer Access | Privacy Policy | Terms of Use

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Fidelity Home Group
4700 Millenia Blvd Suite 175, Orlando, FL 32839

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Saturday - Sunday 10am to 6 pm EST