A low doc loan, also known as the low documentation loan is considered to be a mortgage, which considers verification documentation with different incomes as compared to a full documentation type of home loan. These loan types are suitable for those candidates, who are self-employed workers and are unable to provide traditional income proof, such as pay slips. The low doc loan type does not include less evidence for the income of the borrower. On the contrary, it requires for submission of proof that has different type of income evidence.