No Doc Mortgage-Home Loans
No Job-Employment - No Income - No Asset Verification
Our No Doc mortgage loan programs offer borrowers an easy way to qualify for a mortgage with no income, no asset and no employment documenation. Usually this programs is recommended if a borrower has problems with employment history (usually most programs require 2yrs in the same line of work with no job gaps over 30 days). The credit requirements on these type of loans are higher and sometimes can have very competive rates on lower LTV loans.
One of the other influencing factors on these types of loans is payment shock, which is the difference in the current mortgage payment and the new mortgage payment. Many No Doc mortgage loan programs limit this difference because they don't want to see borrowers get in over there heads with a large mortgage payment.
Apply here for No Doc Mortgage-Home Loans.
|