What are No Doc Loans?
A No Doc Loan (non qualified mortgage loan) is a type of loan that does not meet the normal standards of a typical loans. It uses different methods to calculate your income so that you as the borrower may get approved for a new home loan depending on their situation. Often times bank statements or assets can also be used as income.
No doc loans will help those who are self-employed with a successful business, and unable to use their tax returns, or may have a hard time qualifying for a typical mortgage. It may also be a wonderful solution for those with some past credit issues.
Who qualifies for a No Doc Loan?
Below are some examples of people who can benefit from a low documentation loan
- Self Employed Borrowers
- Real Estate Investors
- 1099 Borrowers
- Borrowers who are unable use tax returns
We offer exclusive loan options for self-employed seeking a home.
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