No Doc Loan Information - up to date as of July 2008
"No Doc Loan" is the term that is used by many people to describe Stated Income Loans, No Income Loans, No Ratio Loans and other Reduced Documentation Loans for the self-employed.
These loans are available to highly qualified borrowers with complicated income situations for the purchase or refinance of a principal residence or a second home. Borrowers must have an impeccable track record of fiscal responsibility, excellent credit and credit scores, significant assets and a proven capacity to handle their financial obligations.
Please click on the link below that corresponds to your needs:
- Stated Income Loans - Income is stated, assets are verified. 700 mid FICO score, minimum 20% down payment, cash reserves required.
- No Income Verification Loans - High FICO scores and 10% of the loan amount in cash reserves, 20% minimum down payment.
- No Ratio Loans - Excellent assets, excellent credit, minimum down payment 20%
Feel free to contact us at 1-800-414-5285 to see what may be possible.
