what is a no documentation no doc mortgage 
a no documentation no doc mortgage is a loan to buy property that doesn t require income verification from the borrower this type of loan now virtually illegal is instead approved on a declaration that confirms the borrower can afford the loan payments no doc mortgages were commonly given to those whose incomes aren t easily verified so they are higher risk borrowers largely unregulated these loans were mainly based on the resale potential of the secured property and the repayment structure of the mortgage learn more about how no doc mortgages work and about the lending standards today 