Definitions for "No income verification"
Income and employment are disclosed in the mortgage application, but income is not verified through paystubs, W-2's, tax returns, or bank statements. Length of employment is verified. These programs are used primarily for self employed individuals but can also be used for W-2 employees with high debt raios.
an applicant (usually self-employed) who cannot conventionally verify his or her income.
See "stated income".