How to get a mortgage with no income?

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Getting a mortgage without any income may seem like an impossible task, but it is not entirely out of reach. While traditional lenders typically require proof of income to approve a mortgage application, there are alternative options available for individuals who do not have a regular income source. This article will explore some strategies and alternatives for obtaining a mortgage with no income.

Exploring Alternative Income Sources

Self-Employment: If you are self-employed, you can provide documentation such as tax returns, bank statements, and invoices to demonstrate your income. Lenders may consider your self-employment income as a valid source for mortgage approval.

Investment Income: If you have investment portfolios, stocks, or rental properties that generate income, you can provide documentation to show your potential income. Lenders may consider this income when assessing your mortgage application.

Retirement Income: If you are retired and receive a regular pension or retirement income, lenders may consider this as a valid income source for mortgage approval. Providing documentation such as pension statements or retirement account statements can help support your application.

Collateral-Based Loans

Asset-Based Lending: If you have valuable assets such as real estate, vehicles, or other valuable properties, you may be able to secure a mortgage using these assets as collateral. Lenders may be willing to provide a loan based on the value of the collateral, even without traditional income verification.

Home Equity Loans: If you already own a property with significant equity, you can consider a home equity loan or a home equity line of credit (HELOC). These loans allow you to borrow against the equity in your property, providing you with the funds needed for a mortgage.

Co-Signers and Joint Applications

Co-Signer: Having a co-signer with a stable income can significantly increase your chances of getting approved for a mortgage. A co-signer is someone who agrees to take responsibility for the loan if you cannot make the payments. This provides the lender with additional security and reassurance.

Joint Application: If you have a partner or spouse with a stable income, you can consider applying for a mortgage together. Combining your incomes can increase your overall borrowing capacity and improve your chances of getting approved.

Government Assistance Programs

Government-Backed Loans: Some government-backed loan programs, such as those offered by the Federal Housing Administration (FHA) or the United States Department of Agriculture (USDA), have more flexible income requirements. These programs are designed to help individuals with lower incomes or unique financial situations to become homeowners.


While obtaining a mortgage without any income can be challenging, it is not impossible. Exploring alternative income sources, considering collateral-based loans, involving co-signers or joint applicants, and exploring government assistance programs are all potential strategies to help you secure a mortgage. It is important to carefully assess your financial situation, consider the risks involved, and consult with a mortgage professional to determine the best course of action for your specific circumstances.


– Investopedia:
– The Balance:
– Federal Housing Administration (FHA):
– United States Department of Agriculture (USDA):