: You may be required to show 6 to 12 months of mortgage payments set aside in savings.
: While 3%–5% is common for workers, unemployed buyers are often required to put down 15% to 25% .
: These "non-QM" (non-qualified mortgage) loans focus on your credit score and assets rather than traditional pay stubs, though they often carry significantly higher interest rates. Stricter Requirements for Unemployed Borrowers can i buy a house with no job
: Lenders often demand a minimum score of 680 to 720 for those without W-2 income, compared to roughly 620 for traditional borrowers.
: A family member or friend with a stable job and good credit can co-sign the loan, sharing legal responsibility for payments. : You may be required to show 6
: Lenders use your liquid assets (savings, stocks, retirement accounts) to calculate a "theoretical" monthly income. For example, a lender might divide your total assets by 360 months to determine qualifying income.
Can You Get a Mortgage Without a Job in 2026? 8 Ways to Qualify For example, a lender might divide your total
Because of the increased risk, lenders typically require stronger "compensating factors" if you don't have a job: