Mortgages for Salaried & Self-Employed Borrowers
Qualify with W-2s, paystubs, or tax returns—traditional income mortgages for California employees and self-employed professionals.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government.
Our Company
Menu
Business Clients: Update international wire templates by July 14 to avoid delays. Learn More
Smart Mortgage Options for Salaried & Tax-Filing Borrowers
At New Omni Bank, we offer a range of mortgage programs—including full documentation options for homebuyers with verifiable income. If you can provide paystubs, W-2s, or filed tax returns, our traditional income mortgage solutions may be a strong fit—whether you’re a salaried employee or a self-employed professional.
We also support borrowers with non-traditional income sources, such as business owners, real estate investors, and foreign nationals. See additional options below.
Who This Mortgage Is For
- Salaried employees with steady income
- Self-employed professionals with tax return documentation
- Borrowers with strong or traditional credit history
- Homebuyers in Los Angeles, Irvine, the Bay Area, and other California markets
What You’ll Need
You typically need the following:
- W-2s from the past 2 years
- Recent paystubs (covering the last 30 days)
- Federal tax returns for self-employed income (if applicable)
- Financial statements or bank summaries to support your application
Eligible Loan Programs
| Conforming Agency Mortgage |
|---|
| First-time and move-up buyers |
| U.S. Citizen, Permanent Resident |
| 620+ FICO |
| Purchase, Limited Cash-Out, Cash-Out Refinance |
| High Balance Mortgage |
|---|
| Buyers in high-cost California markets like Los Angeles and the Bay Area |
| U.S. Citizen, Permanent Resident |
| 620+ FICO |
| Purchase, Refinance |
| Jumbo Mortgage (Full Documentation) |
|---|
| Luxury homebuyers with strong credit |
| U.S. Citizen, Permanent Resident, Non-Permanent Resident (with SSN) |
| 720+ FICO |
| Purchase, Refinance |
| Expanded Jumbo Mortgage (Full Documentation) |
|---|
| Self-employed or complex income borrowers seeking higher flexibility |
| U.S. Citizen, Permanent Resident, Non-Permanent Resident (with SSN) |
| 700+ FICO |
| Purchase, Refinance |
| Conforming Agency Mortgage |
|---|
| First-time and move-up buyers |
| U.S. Citizen, Permanent Resident |
| 620+ FICO |
| Purchase, Limited Cash-Out, Cash-Out Refinance |
| High Balance Mortgage |
|---|
| Buyers in high-cost California markets like Los Angeles and the Bay Area |
| U.S. Citizen, Permanent Resident |
| 620+ FICO |
| Purchase, Refinance |
| Jumbo Mortgage (Full Documentation) |
|---|
| Luxury homebuyers with strong credit |
| U.S. Citizen, Permanent Resident, Non-Permanent Resident (with SSN) |
| 720+ FICO |
| Purchase, Refinance |
| Expanded Jumbo Mortgage (Full Documentation) |
|---|
| Self-employed or complex income borrowers seeking higher flexibility |
| U.S. Citizen, Permanent Resident, Non-Permanent Resident (with SSN) |
| 700+ FICO |
| Purchase, Refinance |
Why Borrowers Choose New Omni Bank
- Personalized support from experienced Relationship Bankers
- Competitive rates from a local, community-based lender
- In-house underwriting for faster approvals and closings
- Trusted by salaried and self-employed borrowers across California
- Multilingual mortgage support in English, Mandarin, and Cantonese
Ready to take the next step toward your new home?
Talk to a mortgage specialist today to explore your best financing options.
Explore our step-by-step guide for international and first-time U.S. homebuyers.
Frequently Asked Questions About Full Documentation Mortgages
1. What is a full documentation mortgage?
A full documentation (full doc) mortgage requires proof of income using traditional paperwork like W-2s, recent paystubs, or federal tax returns. It’s ideal for borrowers with stable, verifiable earnings.
2. I’m self-employed — can I still qualify for a full doc mortgage?
Yes. If you file tax returns and can show steady business income, you may qualify using full documentation just like a salaried borrower. You’ll typically need at least two years of filed returns.
3. What is a conforming loan, and how is it different from a jumbo loan?
A conforming loan meets the standards set by Fannie Mae and Freddie Mac, including loan limits determined each year by the Federal Housing Finance Agency (FHFA). These loans are ideal for typical home purchases and are widely available in most U.S. markets. In high-cost areas—such as parts of California—a high-balance conforming loan may apply, allowing you to borrow above the standard limit while still meeting conforming guidelines.
A jumbo loan exceeds the conforming loan limits and is typically used to finance higher-priced homes. Because these loans fall outside government-backed guidelines, they usually require stronger qualifications—such as a higher credit score, lower debt-to-income ratio, and more extensive financial documentation.
4. How much income do I need to qualify for a mortgage?
It depends on the size of the loan and your monthly financial obligations. Most lenders calculate a debt-to-income ratio (DTI) — the percentage of your monthly income used to pay debts — and typically look for a DTI between 36% and 45%.
5. What’s the minimum credit score I need for a mortgage?
Most full doc loans start at a FICO score of 620. For jumbo and expanded programs, the minimum can range from 700 to 720. A stronger score may help you get a better rate.
Explore Other Mortgage Paths
Not sure if this is the right fit? We offer other mortgage programs based on how you earn or qualify:
Global & Asset-Based Borrowers
Flexible options for foreign nationals or clients with non-U.S. income.
Self-Employed Borrowers
Use CPA-prepared P&Ls or employer verification instead of tax returns.
Bank Statement Qualifier
Qualify using 12–24 months of business or personal bank statements.
Home Equity Line of Credit (HELOC)
Tap your equity for liquidity, renovations, or investment.
Explore All Home Loan Paths
From salaried to global buyers — explore everything we offer.
Get in Touch.
To help put you in touch with the right team, please answer the following questions.
