These programs are primarily designed for the self-employed borrower, but can be used by the salaried buyer. No-Income verification is just that, no verification of income required.
Loan is underwritten according to income stated on loan application.
Approval is based upon liquid assets. Two months total payments for the propety being financed typically needs to be on deposit in buyer's account at closing. Again, loan is underwritten on strength of buyer's liquid assets. Fixed and Adjustable rates available.