While in most cases, yes, you need income to be approved for a home loan, there are ways to be approved for a loan without income. I've come across this situation with many buyers before. One option is to get a loan that uses private money funds, the down side is that you pay a high interest rate! I'm talking 10% the last time I checked. (right now rates are around 3.75%) This option should really be used for a short period of time until you can refinance into another loan. Another option that will qualify you for a loan is if you have X amount of months worth of payments in the bank. I want to say 6 months worth of payments, but it's been a while since I've looked into this option. Jeff Nunley at Peak Mortgage if you need a lender.