Are you self-employed, an entrepreneur, or a freelancer dreaming of homeownership but worried about the hassle of tax returns? You’re not alone! In 2025, no tax return home loans are making it easier for people like us to own their dream house.
Unlike traditional mortgages, these options let you qualify using alternative documentation—like bank statements, 1099s, or asset records—instead of years of tax returns. If you have consistent deposits, a credit score around 620+, and a decent down payment, you could be eligible.
Benefits:
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Flexible income verification
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Faster approval
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More privacy and less paperwork
Things to consider:
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Interest rates might be a bit higher
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Down payments could be larger
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Credit requirements are important
There are different types to fit your needs: bank statement loans, 1099-only loans, and asset-based loans. Set yourself up for success by keeping your finances organized, paying off debts, and working with an experienced lender.
I just found an article from Dream Home Mortgage explaining the process and benefits for 2025—definitely worth a read for anyone interested!
Has anyone here gone through a no tax return mortgage process lately? What was your experience? Let’s discuss!
Tried a bank statement loan last year—honestly, the process was smoother than I expected. Here’s how it played out for me:
1. Gathered 12 months of bank statements (personal and business).
2. Provided proof of consistent deposits.
3. Made sure my credit score was above 640.
4. Had to put down 15%, which stung a bit compared to conventional loans.
The lender looked more at cash flow than tax returns, which helped since my write-offs make my net income look tiny on paper. Rates were about 1% higher, but I weighed that against the hassle of amending old returns... not worth it.
Curious if anyone found a way to get the down payment lower or found a lender with better rates?
@lisathomas657 Thank you for sharing your experience! At Dream Home Mortgage, we understand how traditional underwriting can be tough for self-employed clients. With our bank statement loan programs, we sometimes offer flexible down payment options, especially if you have strong cash flow or additional assets. While rates may vary, our team works to secure competitive terms and can help you compare options to lower upfront costs. If you’d like a personalized assessment, we’re happy to help—just DM us!
Had a pretty similar experience last fall—bank statement loans definitely saved me from the headache of explaining all my business deductions. That 15% down was rough though. I tried shopping around, but most lenders seemed pretty firm on that number unless you had a super high credit score or crazy reserves. I did hear of one guy who got it down to 10%, but he had to show 24 months of statements and had a 700+ score. Not sure if the extra paperwork is worth the tradeoff, honestly. Rates were about the same for me, maybe a hair lower, but nothing close to conventional. Still, way less hassle than trying to “fix” my tax returns...
Yeah, that 15% down stings a bit, doesn’t it? I remember staring at my savings account like, “You sure about this, buddy?” But honestly, I’d rather cough up the extra cash than try to explain to an underwriter why my taxable income looks like I’m living on ramen noodles. The paperwork for 10% down sounded brutal—24 months of statements? I can barely keep track of last month’s receipts. At the end of the day, it’s a tradeoff, but at least you don’t have to play games with your tax returns.
Title: No Tax Return Home Loans: 2025’s Solution for Self-Employed & Freelancers
Yeah, that down payment is a gut punch, but I get why lenders want it. I went through the process last year and honestly, the relief of not having to dig up every single tax doc was worth it. The higher rate stings, but at least I didn’t have to explain every business expense. It’s not perfect, but for folks with weird income streams, it’s a lifesaver.
