This document provides an overview of mortgage qualification for both employed and self-employed individuals. It discusses the documentation needed such as tax returns, pay stubs, and bank statements. For self-employed borrowers, additional documents like financial statements or business licenses may be required. It also covers using "stated income" for mortgage qualification when income cannot be fully verified. Stated income allows borrowers to state a reasonable income amount and qualify with lower documentation. The guidelines for various mortgage insurers on their stated income programs are provided, including credit score and debt ratio requirements as well as interest rate premiums.