Yes, these programs still exist, and they never fully went away. They also look nothing like the loose stated-income loans of the mid-2000s. The biggest constraint is the federal ability-to-repay rule. Under Regulation Z, it applies to consumer-purpose loans secured by a dwelling, including second homes, so lenders generally have to document repayment ability on those. True no-doc lending therefore lives mostly in non-owner-occupied investment property, which is generally exempt because it is business-purpose credit. These are non-QM portfolio products with no agency program behind them, so every investor sets its own rules. Expect: - A high credit score. - A large down payment. The requirement varies widely by investor and grows for weaker files, so pin down the specific lender's number rather than assuming one. - A materially higher interest rate than a standard loan. In practice this is a small, specialized corner of the market. The typical users are experienced real-estate investors and high-net-worth buyers, including foreign nationals, who treat the higher rate and bigger down payment as a cost of doing business. The volume is small enough that this segment does not move the broader housing market. If your situation is genuinely hard to document, check whether a full-doc option, a bank-statement program, or a DSCR loan fits before reaching for true no-doc. That comparison is exactly what we can run with you in a free Roadmap conversation.