Fair Credit No Doc Mortgage Loans
No Documentation Home Loans
We understand there are many times you can not prove income, employment history or assets. It could be that you are self employed, just changed careers or started your own company. Maybe you found the "Dream Home" you have been looking for and have the down payment money in a business account, but not in a personal account. How about this one... you have great credit, but your spouse does not. We also understand that some people would rather not disclose all of their private financial data and we can work with you.
A No Documentation Loan or No Doc Mortgage Loan generally means that you will not be disclosing your personal financial data and in return you will be paying a higher interest rate.
"No Doc Loans", Stated Income or "Low Doc" Loans, and No Ratio Loans
These are the most common loans that fall under the category of no doc mortgage loans. No Doc mortgage Loans work best with customers who have good credit scores because they will provide little or no additional information and a lender must know they have good credit scores to secure the loan. A Stated Income Loan works best for people who are self employed or work on a cash basis or commission. Generally, you will need to provide earnings information for two years either with bank statements or maybe even a tax return.
A No Ratio Loan is for people who would like to keep their income private, have good credit scores and assets that can be substituted for an earnings statement therefore allowing the lender to take on the loan. It's also great for people who might have trouble gathering information together for a traditional mortgage. Contact us for more information about these programs.
No Doc Mortgage Loans can help you finance that house or refinance with Fair credit, no proof of income, assets or employment information. Less paperwork and less time! It is a fast, easy loan and that can be done quickly.