Real estate home buyers and real estate investors have been finding great success with the No Doc Loans for Investors programs to easily qualify without any income verification. These programs have been growing in great demand due to the hot real estate market specifically for consumers, retired seniors, self-employed borrowers and foreign investors. Millions of home buyers were hit hard due to the Covid-19 pandemic and had a large gap of income missing and has caused many to disqualify for the the tradidional mortgage loan programs that are conventional for FHA, VA, Fannie Mae and Freddie Mac.
These No Income Verification programs can offer loans other banks cannot. They don’t require a stack of bank statements or multiple years of self-employment documentation. Instead, they rely on other more objective factors, such as credit score and equity contribution. It’s an easier process, has a higher level of approvals, and is priced within reach, so that everyone has access to an affordable mortgage, even during uncertain fiscal times. They give difficult loan applications the chance they deserve.
Listed Below are some of the guidelines:
Program Highlights
- As little as 2 months reserves (Use property cashflow to qualify)
- FICOS As Low As 620
- No Seasoning on cash out or rate and term
- No LTV Restrictions on 2-4 units
- LTV’s up to 80% (min 680 fico)
- No Rate Or Pricing Adjustments on Cash Out, Interest Only, Condo, Units