For many people, it is difficult to document income for a variety of reasons. People who may be self-employed, commissioned sales people or those living out of the country, as examples, may not show all their income on tax returns. Others may use every possible tax break to lower their taxable income, which often makes it more difficult to get a loan. In the past, stated income loans, or loans where your declared income did not need to be documented, helped these people better qualify for a loan. With the new government regulations under Dodd-Frank these loans are much more difficult to get and often just for investment properties – but they still exist. Since the stated income loans were abused, and lenders and the country paid a high price for these defaults, now other alternative means have become a way to obtain financing.