In most cases, “no doc” is shorthand for a loan with less traditional paperwork. It usually means you may not need to provide W-2s or full tax returns, but the lender will still review other documents to confirm you can repay the loan.

Not always. A bank statement loan is one common type of no doc style program, especially for self-employed borrowers. “No doc” is a broader term that can also include asset-based options or other alternative documentation programs.

These loans are often a good fit for self-employed borrowers, business owners, freelancers, and commission-based earners whose tax returns do not reflect their real cash flow. They can also work for borrowers with strong assets who want a different path to qualification.

Depending on the program, lenders may accept items like 12–24 months of bank statements, a profit and loss statement, proof of business ownership, or verified liquid assets. Some programs also review reserves and credit history more closely than a conventional loan.

Yes, there are programs that can work for foreign nationals, but the requirements vary widely. Expect a closer review of assets, down payment, credit profile, and documentation tied to residency and income sources.

It depends on the program and your profile, but no doc loans often require a larger down payment than conventional financing. Many borrowers should plan for at least 10% to 25%, and some scenarios may require more.

In many cases, yes. Availability depends on the lender and the specific program, but primary residences can qualify. Some no doc options are more common for investment properties, so it helps to confirm the best fit based on how you plan to use the home.