There are programs that allow for less than full documentation. Most of these programs require equity or a down payment. Please be aware that mortgage guidelines are tightening as the default rates on these types of loans has risen significantly over the last few years.

• Full Documentation - Document employment, income and assets
• Stated Income - Document employment & assets, state income.
• Stated Income/Stated Assets - Document employment, state income & assets
• No Income/ No Assets - Verify employment, do not disclose income or assets
• No Doc - Do not disclose employment, income or assets

If you are looking at NINA or no income, no assets, you might want to consider a no ratio program. You verify employment and income, but the lender does not look at a debt to income ratio. This would give you better pricing.