Full Doc Mortgage Loans
Traditional Income Verification
Combine Full Doc With Non QM Loans
What is a Full Doc Loan?
A Full Documentation (Full Doc) Loan
is a Conforming mortgage that requires borrowers to provide standard income verification documents such as W-2s, pay stubs, and tax returns. These loans offer the lowest interest rates and best terms because they follow conventional underwriting guidelines. Some Non QM Loans allow you to combine a full doc qualification with an alternative doc qualification when there are two borrowers.
Unlike Non-QM loans
which allow
alternative income verification,
full doc loans rely on steady income and a strong credit history to approve borrowers. These loans are ideal for
W-2 employees, retirees, and borrowers with predictable earnings.
Full Doc vs Non-QM Loans
| Feature | Full Doc | Non-QM Loans |
|---|---|---|
| Income Verification |
W-2s, Tax Returns, Pay |
Alternative Documentation, Bank Statements, Rental Income, P&L Only, 1099 WVOE, Assets |
| Best For |
W-2 Employees, Retirees, Conventional Buyers |
Self-Employed, Real Estate Investors, |
| Max LTV |
97% (Conventional), 30% (Jumbo) |
85% |
| Min Credit Score |
620 |
660 |
| Can be Combined? |
Yes,with Non-QM Co-Borrowers with Select Lenders |
Yes, for Mixed Income Applicants |
| Property Types |
Primary, Second Home, Investment |
Investment, Short-Term Rentals, Condo, Multi Fam, Ultra Luxury Homes, Primary, Second Home |
Full Doc Loan Details
| Feature | Full Doc Loan |
|---|---|
| Loan Type |
Full Documentation |
| Best For |
W-2 Employees, High Income Borrowers, Investors, First-Time Buyers |
| Max Loan Amount |
$6,000,000 |
| Max LTV |
90% |
| Min FICO Score |
660 |
| Property Types |
Single-Family, Condos, 2-4 Units, Luxury Homes |
| Income Verification |
Full Documentation, Tax Returns, Pay Stubs, Bank Statements (For Self-Employed) |
| Interest Only Option |
Yes |
| Cash Out Option? |
Yes |
| Refinncing? |
Yes |
Combining Full Doc &
Non-QM Loans
One of the biggest advantages of working with a Non-QM Loan expert is that they can combine a Full Doc loan with a Non-QM loan to create a financing solution that works for unique borrower situations.
This means:
- One borrower can qualify with traditional W-2 income verification while the co-borrower uses bank statements, DSCR, or 1099 income.
- Investors can use a DSCR loan for one property while using a Full Doc loan for another to maximize approvals.
- Borrowers with mixed income sources can blend traditional and alternative documentation methods to qualify for higher loan amounts.
Benefits of Full Doc Loans
Lowest Interest Rates – Full doc loans offer the most competitive rates.
Stable Fixed-Rate Mortgage Options – Great for long-term homeownership.
Higher Loan-to-Value (LTV) Options – Up to 97% financing for first-time buyers.
Best for W-2 Employees & Retirees – Ideal for borrowers with traditional income verification.
Access to Conforming & Jumbo Loan Limits – Borrow up to $3M+ with jumbo loan programs.
Cash-Out Refinance Available – Unlock home equity for renovations or investments.
Types of Full Doc Loans
Conventional Loans – Best for W-2 Borrowers.
Low down payment options (as low as 3% for first-time buyers).
- Fixed and adjustable-rate mortgage (ARM) options.
- Ideal for W-2 borrowers and conventional loan seekers.
Jumbo Loans – High Loan Amounts for High-Income Earners.
- Loans above conventional loan limits.
- Available for primary residences, second homes, and investment properties.
- Loan Program– Perfect for borrowers needing larger loan amounts.
Cash-Out Refinance – Convert Equity into Cash.
Tap into home equity for renovations, debt consolidation, or investments.
- Available on primary and investment properties.
- high LTV cash-out refinancing.
Want to connect with a licensed
Non-QM Lender?
Have Questions? Contact us Today!
Need a Conventional Lender?
Check Out These Other Resources
Frequently Asked Full Doc Loan Questions-FAQ
Can A Full Doc Loan Be Combined With A Non-Qm Loan?
Yes! Borrowers can combine Full Doc and Non-QM loans to leverage traditional and alternative income verification methods for larger loan approvals.
What Credit Score Is Needed For A Full Doc Loan?
A minimum credit score of 620 is required for most full doc loans, but higher scores qualify for better rates and higher LTV options.
Can I use a Full Doc loan for an investment property?
Yes! Full Doc loans can finance primary residences, second homes, and investment properties.
What Is The Maximum Loan Amount For A Full Doc Loan?
Loan limits depend on the program:
• Conventional loans follow conforming loan limits ($766,550 in most areas, up to $1,149,825 in high-cost areas).
• Jumbo loans can go up to $3M+ depending on lender approval.
Can I Do A Cash-Out Refinance With A Full Doc Loan?
Yes! Many Full Doc loans allow cash-out refinancing up to 90% LTV, depending on borrower qualifications.
Want to connect with a licensed
Non-QM Lender?
Have Questions? Contact us Today!
Need a Conventional Lender?
Check Out These Other Resources
Full Doc Loan Program Lending Options
We specialize in connecting you with a licensed non-QM loan products expert to meet your needs. Whether you're looking for a full doc loan, a Bank Statement Loan, DSCR Loan or a P&L only Loan, can help! We can connect with the right Non QM lender that can combine full doc approval with non-qm options.