No Doc Mortgage 2016

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A No-Doc or Low-doc loan (abbr: No/Low Documentation Loan) refers to loans that do not require borrowers to provide documentation of their income to lenders or do not require much documentation. It is a financial product commonly offered by a mortgage lender to consumers who cannot qualify for normal loan products because of fluctuating or hard.

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Great Northern Mortgage offers mortgage for self employed and super jumbo loans up to $3,000,000 and no income check and no doc verification loans where your income is not verified.

A Mortgage Doc Type for Every Situation. To get a better understanding of what a stated income loan is, it may help to learn about the many different mortgage documentation types available. There are actually several types of stated loans these days.

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In addition, the demand for alt doc home loans is high. Read: How To Get A Mortgage For Rental Or Investment Property. 2016 – 5 min read What is a. One of the versions of the stated income loan is the No Doc Loan. The No Doc Loans program is basically a program that doesn’t require any.

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Portfolio Loans can help you get a mortgage when you can't qualify for a. High income low credit; Second mortgages; No doc income but high net worth; Flip.

 · The no doc mortgage options and no income verification loans were popular programs before the default rates kicked in. Of course as the U.S. economy improves more and more mortgage lenders will be announcing new stated income loans and no-doc mortgage programs with new opportunities for borrowers in all 50 states.