Traditional Income Verification
A Full Documentation (Full Doc) Loan
is a Conforming mortgage that requires borrowers to provide standard income verification documents such as W-2s, pay stubs, and tax returns. These loans offer the lowest interest rates and best terms because they follow conventional underwriting guidelines. Some Non QM Loans allow you to combine a full doc qualification with an alternative doc qualification when there are two borrowers.
Unlike Non-QM loans
which allow
alternative income verification,
full doc loans rely on steady income and a strong credit history to approve borrowers. These loans are ideal for
W-2 employees, retirees, and borrowers with predictable earnings.
Full Doc vs Non-QM Loans
Feature | Full Doc | Non-QM Loans |
---|---|---|
Income Verification |
W-2s, Tax Returns, Pay |
Alternative Documentation, Bank Statements, Rental Income, P&L Only, 1099 WVOE, Assets |
Best For |
W-2 Employees, Retirees, Conventional Buyers |
Self-Employed, Real Estate Investors, |
Max LTV |
97% (Conventional), 30% (Jumbo) |
85% |
Min Credit Score |
620 |
660 |
Can be Combined? |
Yes,with Non-QM Co-Borrowers with Select Lenders |
Yes, for Mixed Income Applicants |
Property Types |
Primary, Second Home, Investment |
Investment, Short-Term Rentals, Condo, Multi Fam, Ultra Luxury Homes, Primary, Second Home |
Full Doc Loan Details
Feature | Full Doc Loan |
---|---|
Loan Type |
Full Documentation |
Best For |
W-2 Employees, High Income Borrowers, Investors, First-Time Buyers |
Max Loan Amount |
$6,000,000 |
Max LTV |
90% |
Min FICO Score |
660 |
Property Types |
Single-Family, Condos, 2-4 Units, Luxury Homes |
Income Verification |
Full Documentation, Tax Returns, Pay Stubs, Bank Statements (For Self-Employed) |
Interest Only Option |
Yes |
Cash Out Option? |
Yes |
Refinncing? |
Yes |
One of the biggest advantages of working with a Non-QM Loan expert is that they can combine a Full Doc loan with a Non-QM loan to create a financing solution that works for unique borrower situations.
This means:
Lowest Interest Rates – Full doc loans offer the most competitive rates.
Stable Fixed-Rate Mortgage Options – Great for long-term homeownership.
Higher Loan-to-Value (LTV) Options – Up to 97% financing for first-time buyers.
Best for W-2 Employees & Retirees – Ideal for borrowers with traditional income verification.
Access to Conforming & Jumbo Loan Limits – Borrow up to $3M+ with jumbo loan programs.
Cash-Out Refinance Available – Unlock home equity for renovations or investments.
Conventional Loans – Best for W-2 Borrowers.
Low down payment options (as low as 3% for first-time buyers).
Jumbo Loans – High Loan Amounts for High-Income Earners.
Cash-Out Refinance – Convert Equity into Cash.
Tap into home equity for renovations, debt consolidation, or investments.
Want to connect with a licensed
Non-QM Lender?
Have Questions? Contact us Today!
Need a Conventional Lender?
Check Out These Other Resources
Yes! Borrowers can combine Full Doc and Non-QM loans to leverage traditional and alternative income verification methods for larger loan approvals.
A minimum credit score of 620 is required for most full doc loans, but higher scores qualify for better rates and higher LTV options.
Yes! Full Doc loans can finance primary residences, second homes, and investment properties.
Loan limits depend on the program:
• Conventional loans follow conforming loan limits ($766,550 in most areas, up to $1,149,825 in high-cost areas).
• Jumbo loans can go up to $3M+ depending on lender approval.
Yes! Many Full Doc loans allow cash-out refinancing up to 90% LTV, depending on borrower qualifications.
Want to connect with a licensed
Non-QM Lender?
Have Questions? Contact us Today!
Need a Conventional Lender?
Check Out These Other Resources
We specialize in connecting you with a licensed non-QM loan products expert to meet your needs. Whether you're looking for a full doc loan, a Bank Statement Loan, DSCR Loan or a P&L only Loan, can help! We can connect with the right Non QM lender that can combine full doc approval with non-qm options.
8921 West Sahara Avenue, Las Vegas, Nevada 89117, United States
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8921 West Sahara Avenue, Las Vegas, Nevada 89117, United States
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