A reduced documentation loan, also referred as a “stated income” loan may require:

• If self-employed, a letter from your accountant certifying you are and have been self-employed for the last two years, or copy of a professional license.
• Evidence of down payment, such as two months bank statements.
• Signed credit application and disclosures.

Remember that not all types of loans are available for all types of individuals, and that interest rate and other terms may vary significantly from on type of loan to the other.