{"id":476,"date":"2025-06-22T09:31:00","date_gmt":"2025-06-22T13:31:00","guid":{"rendered":"https:\/\/balancekimmortgage.com\/?page_id=476"},"modified":"2025-12-30T12:30:33","modified_gmt":"2025-12-30T16:30:33","slug":"incomeverification","status":"publish","type":"page","link":"https:\/\/balancekimmortgage.com\/en\/incomeverification\/","title":{"rendered":"Full Doc vs. No Doc"},"content":{"rendered":"<p>The difference lies in how income is verified.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Full doc \u2013 Verifying income through tax returns and, pay stubs if W-2 employee. <\/li>\n\n\n\n<li>No doc \u2013 No tax-related documents required.<\/li>\n<\/ul>\n\n\n\n<p><strong>Loan Limit? About 3.5 times of annual income. <\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"234\" src=\"https:\/\/balancekimmortgage.com\/wp-content\/uploads\/2025\/03\/mortgageformyhome-MONEY.jpg\" alt=\"MORTGAGE AND MONEY\" class=\"wp-image-321\" srcset=\"https:\/\/balancekimmortgage.com\/wp-content\/uploads\/2025\/03\/mortgageformyhome-MONEY.jpg 1024w, https:\/\/balancekimmortgage.com\/wp-content\/uploads\/2025\/03\/mortgageformyhome-MONEY-300x69.jpg 300w, https:\/\/balancekimmortgage.com\/wp-content\/uploads\/2025\/03\/mortgageformyhome-MONEY-768x176.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>NO Doc Income Verification <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>VOE \u2013 Verification of Employment<br>This applies to individuals employed by a company. If your employer, supervisor, or HR manager can confirm your employment over the phone, it can be accepted as income verification.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bank Statements - 12 months or 24 months<br>We consider 50% of the total deposits in your account as your annual income\u2014regardless of your expenses <\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>DSCR \u2013 Debt Service Coverage Ratio<br>We use this method to qualify your income based on rental potential. We count 75% of the projected monthly rental income from the property you plan to purchase. <\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>P&amp;L Letter \u2013 Profit and Loss Statement<br>This option is for self-employed individuals. If your P&amp;L statement is prepared by a CPA, we accept the total amount as your verified income. We can recommend a CPA if you\u2019re experiencing any issues with your current one.<\/li>\n<\/ul>\n\n\n\n<p>How much income do I need to qualify for a certain loan amount, or if I earn a certain income, how much of a loan can I get? <a href=\"https:\/\/balancekimmortgage.com\/en\/untilhowmuch\/\">Click here to check.<\/a> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>\ucc28\uc774\ub294 \uc5b4\ub5bb\uac8c \uc778\ucef4\uc744 \uc785\uc99d\ud558\ub290\ub0d0? \uc5bc\ub9c8\uae4c\uc9c0 \ubc1b\uc744 \uc218 \uc788\ub098? \ubcf4\ud1b5 \uc778\ucef4\uc758 3.5\ubc30 No-Doc\uc5d0\uc11c \uc778\ucef4 \uc785\uc99d \ubc29\ubc95 \ub860\uc744 \uc5b4\ub5a4 \uc561\uc218\ub97c \ubc1b\uc544\uc57c \ud558\ub294\ub370 \ub0b4 \uc18c\ub4dd\uc774 \uc5bc\ub9c8\ub098 \ub418\uc5b4\uc57c \ud558\ub294\uac00, \ud639\uc740 \ub0b4 \uc18c\ub4dd\uc774 \uc5bc\ub9c8\uc778\ub370 \uc5bc\ub9c8\uae4c\uc9c0 \ub860\uc744 \ubc1b\uc744 \uc218 \uc788\ub294\uac00? \uc5ec\uae30\ub97c \ud074\ub9ad\ud574 \ud655\uc778\ud558\uc2ed\uc2dc\uc624.<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-476","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/pages\/476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/comments?post=476"}],"version-history":[{"count":6,"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/pages\/476\/revisions"}],"predecessor-version":[{"id":683,"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/pages\/476\/revisions\/683"}],"wp:attachment":[{"href":"https:\/\/balancekimmortgage.com\/en\/wp-json\/wp\/v2\/media?parent=476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}