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MyMortgageBanker.com specializes in fast closings, mortgages for the self-employed and super jumbo loans.

Testimonials

I didn't think I could still get a super jumbo loan until I called your company...Thanks for the great loan…without any problems.
Chris J. Walnut Creek, CA

Thanks again for another terrific transaction. I was skeptical the first time I used your company since my local broker told me I couldn't get that kind of rate...you have come through exactly as planned again. I will be back.
Bill K. Sarasota, FL

Your service and expertise should be used as the standard for your industry. I have purchased and refinanced many times over the years and I have never had a lender set me as ease so quickly that there was a solution for my situation and then close the loan when and how you said you would. Thank You.
Glenn R. Arlington, VA

I was uneasy at first because your company was not local to me and my real estate broker told me horror stories about internet mortgage companies, but you told me not to worry and even though I did anyway it couldn't have turned out better. I appreciate the reassurances along the way and for coming through and having everything go exactly as you said it would. You will be hearing from me again.
Sarah L. Gaithersburg, MD

A+ from start to finish. I did not realize that I could get such a great rate...and such great service. Best experience I have received getting a mortgage.
John S. Portland,OR

As a real estate agent I have been to a lot of closings over the years and this was one of the smoothest transaction I have ever been involved in and (thankfully) it was mine.
Laura M. Cherry Hill, NJ

Just returned from closing on the refi and wanted to thank you and your staff for the efficient handling of this process. It's incredible to me that in a couple weeks you could accomplish what the original local group I had been working with was unable to accomplish in over two and one-half months. I will be pleased to recommend you and your bank to all of my friends and business associates when they have similar financing needs.
Ray H . Virginia

No Income Verification Mortgage - Ideal for the Self Employed - Updated July 2008

The no income verification loan program is a residential mortgage for borrowers with excellent credit, significant verified liquid assets and the financial capacity and employment experience to handle their proposed mortgage payment.

These loans have an extremely low delinquency rate due to strict underwriting criteria and and we cannot make exceptions. The loan is not sold on the secondary market and it is not a stated income loan. You must be able to prove that you have the financial capacity to handle the mortgage payment and you must meet the minimum requirements below. We only lend direct to the consumer...no brokers please.

No Income Verification Loan minimum requirements:

  • 700 middle FICO score (720 if newly self-employed or refinancing with cash out)
  • Verification of assets including down payment, cash to close and 10% of loan amount in cash reserves
  • Excellent credit and a lengthly credit history
  • At least 20% down for a purchase
  • Maximum available loan amount is $2,000,000
  • Secondary financing is allowed, but not from the seller or builder
  • 1 unit properties only
  • Second homes are eligible
  • NO investment properties
  • Maximum amount of cash out $500,000 ($200,000 for a second home)
  • Geographic restrictions: Not available in CA, MD, IL, NY, Dade County, FL, ME, AK, HI

Maximum loan to value for purchase or refinance:

  • 80% to $650,000
  • 75% to $1MM
  • 70% to $1.5MM
  • 65% to $2MM
  • Please contact us for second homes as numbers differ slightly

Declining Markets Policy

If the home you are looking to finance is in a "declining market" (where real estate values are declining or at risk to decline) then the above loan to values will be reduced between 5 and 15% in most cases or they may not be available at all.

Please contact us for additional information. 1-800-414-5285

 

 

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