Frequently Asked Questions

Do you lend on owner-occupied houses?

No. Our no income verification loans are available to non-owner-occupied properties. This means that the borrower cannot live on the property at any time during the term of the loan. We offer stated loans to foreign national investors as both investment rental properties and vacation homes

What is the timeline to recieve a funding commitment letter?

Generally it takes 24 hours after the apprasial is completed.

How does my credit score affect the approval of my application?

Most of our No Income Verification Loans require a minimum 640 credit score with 75%LTV and minimum laon amounts of $150,000. If you do not have a credit score of 640 or if you do not have a credit score at all. We offer a No Income Verification / No Credit Score loan program starting at 60% LTV with a minimum loan amout of $250,000. The only other option for a higher LTV would be to partner with someone and include them on the Note and HUD.

Can I pay down my loan principal?

Yes! There are prepayment penalties depending on the term you select.

Is an appraisal always required to fund a loan?

Yes ! An appraisal is required for all of our no income verification. Appraisals are the last step in the application and underwriting process. They are conducted only after the borrower is approved and the estimate of cost has been accepted by the borrower. Borrower pays for the approved appraisers directly.

Do you lend on commercial properties?

Yes! We lend on residential and multifamily (5+ unit residential) investment and commercial properties.

What is the timeline to close a No Income Doc Loan

It usally takes 10 to 12 days for investment singel/multi-family properties and 15 to 20 days for commercial properties once the appraisal is completed.

What is the maximum loan amount you offer?

Up to 15 million. Higher loan amounts are approved on a case by case basis.

Can you consolidate multiple properties under a single note?


Do you lend in every State?

No Income Verification Loans are available in AZ, CA, CO, FL, GA, HI, NC, NV, OR, SC, TN, TX, UT & WA

Loan Process and Checklist

1. Connect & Apply
We start with a pre-application quote form where you  provide us with basic information to initiate the pre-approval.  One of professional loan originators will contact you to discuss your loan scenario with rate and term options.  They will also answer any questions or concerns you might have before taking the next step.


2. Processing & Underwriting
Once we initiated our partnership and you have agreed on a loan program. We initiate the underwriting! As we work on the processing and the underwriting of your loan.  We make sure that we are meeting all guidelines set by the loan program selected.


3. Closing & Funding
Congratulations! You are now Ready to close! Your loan originator 
will contact you to schedule a date where you will sign all the 
disclosures needed to fund your loan.


  • All of our no income doc loans are secured by the value of the property and not the borrower’s income. Some programs require a minimum credit score to obtain a higher LTV. However, there are certain documents we will need to review depending on whether you are a solo investor or company, including but not limited to a purchase contract and proof of closing funds unless refinancing. Every program is different and require minimum documentation  


  • The collateral being offered to secure the loan must be properly defined in terms of what the property is being classified as and what the value is. It is also important to know what the value is based on, whether it be an appraisal, a broker's opinion, or something else


  • The location of the investment property can be an important factor is appraised value.  

1st Florida Lending Corp / dba www.NoIncomeDocLoans are is an Equal Housing Lender licensed by the Florida Office of Financial Regulation and holds a Mortgage Lender License (MLD1069) .  As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

Call us 800-655-1345  I  407-300-2558

© 2007 -  2019 by 1st Florida Lending Corp  MDL #1069 / dba www.NoIncomeDocLoans.com 

At 1st Florida Lending Corp offer 48 loan programs providing the best financing solutions for real estate investors as they pursue their real estate investing goals.  Click links below if you are interested finding out more about our traditional owner occupied 100% LTV FHA,  97%LTV Conventional,  95%LTV Jumbo and Super Jumbo,  90%LTV Self-Employed Bank Statement  or Foreign National loans

Our loan approval process is simple and easy. You’ll be guided through the process step-by-step by one of our seasoned loan officers with excellent customer service and fast closing timelines.