Ask a Jumbo Genius – Income Documentation

Is there a no-income documentation option on a Jumbo Loan?

While there isn’t technically a no-income documentation Jumbo Loan, there are different ways to calculate income, such as asset depletion or a bank statement program. Asset depletion considers all assets and calculates a monthly income based on depleting those assets. The bank statement calculation evaluates deposits that come into your bank account on monthly basis and derives an income figure from that amount. At United Home Loans, we use the most aggressive income calculation methods in the industry. For a quote custom to your situation, contact a Jumbo Genius below or call 708-531-8388.