Alternative documentation is a documentation process designed to expedite loan approval where the lender accepts certain documents from the borrower documents as verification of income made on the loan application. The documentation needed will vary depending on the requirements of the lender, and possibly the underwriter. The borrower will need to provide an assortment of financial documents that may include W-2s, traditional tax returns, paycheck stubs and bank statements. The decision is heavily weighted on the applicant’s credit score. The alternative documentation loan might be a good option for borrowers with special situations, such as the self-employed or recently divorced.